Agilent Technologies Inc (A)

Activity ratios

Short-term

Turnover ratios

	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020
Inventory turnover	4.88	4.87	5.30	5.25	5.32	5.17	4.57	4.49	4.80	4.84	5.18	5.51	5.75	5.75	5.69	5.83	6.02	5.72	5.68	5.84
Receivables turnover	4.41	5.29	5.26	5.17	4.89	5.16	4.98	4.71	4.55	4.91	5.22	5.29	5.05	5.40	5.34	5.02	4.68	5.52	5.81	5.33
Payables turnover	8.79	9.59	11.49	11.11	13.12	12.27	10.53	9.25	8.60	8.77	9.64	10.20	10.71	11.31	10.64	11.07	12.24	13.71	12.79	12.53
Working capital turnover	3.14	3.48	2.92	2.46	2.63	3.04	3.06	3.21	3.54	3.69	3.53	3.37	2.99	3.17	3.27	3.04	2.71	2.66	4.20	4.25

Agilent Technologies Inc's activity ratios for inventory turnover have shown slight fluctuations over the past few quarters, ranging from 4.49 to 5.83. The company's inventory turnover ratio indicates that, on average, inventory is turning over approximately 4.87 to 5.84 times per year.

In terms of receivables turnover, Agilent has been able to collect its receivables efficiently with ratios ranging from 4.41 to 5.81 over the analyzed periods. This suggests that, on average, the company collects its outstanding receivables approximately 4.41 to 5.81 times a year.

The payables turnover ratios indicate that Agilent is taking longer to pay its creditors, with ratios fluctuating between 8.60 and 13.71. This implies that the company takes approximately 8.60 to 13.71 times to pay its accounts payable in a year.

The working capital turnover ratios show mixed trends with ratios varying from 2.46 to 4.25. This suggests how efficiently the company is utilizing its working capital in generating sales revenue, with values indicating the number of times working capital is turned over during a specific period.

Overall, Agilent Technologies Inc's activity ratios provide insights into how effectively the company is managing its assets, receivables, payables, and working capital to drive operational efficiency and financial performance.

Average number of days

		Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020
Days of inventory on hand (DOH)	days	74.77	74.93	68.92	69.54	68.62	70.56	79.78	81.22	75.97	75.36	70.52	66.25	63.45	63.43	64.17	62.57	60.66	63.84	64.28	62.52
Days of sales outstanding (DSO)	days	82.74	68.96	69.45	70.55	74.60	70.71	73.31	77.49	80.29	74.34	69.91	68.97	72.32	67.61	68.38	72.75	78.04	66.07	62.82	68.49
Number of days of payables	days	41.54	38.08	31.77	32.85	27.82	29.75	34.65	39.48	42.45	41.63	37.85	35.80	34.09	32.26	34.32	32.99	29.83	26.62	28.54	29.13

Activity ratios are financial metrics that measure how effectively a company manages its assets and resources to generate revenue. Let's analyze the activity ratios of Agilent Technologies Inc based on the provided data:

1. Days of Inventory on Hand (DOH):
- Agilent's DOH has been relatively stable over the periods, ranging from 68.92 days to 81.22 days.
- A lower DOH indicates efficient inventory management, allowing the company to convert inventory into sales more quickly.
- In recent periods, Agilent's DOH has fluctuated within a moderate range, suggesting reasonable control over inventory levels.

2. Days of Sales Outstanding (DSO):
- Agilent's DSO has fluctuated between 67.61 days and 82.74 days in the periods provided.
- A lower DSO implies faster collection of accounts receivable and efficient credit management.
- Agilent has experienced fluctuations in DSO, indicating varying levels of efficiency in collecting revenues from sales over the periods.

3. Number of Days of Payables:
- Agilent's days of payables have shown variability, ranging from 26.62 days to 42.45 days.
- A higher number of days of payables suggests the company takes longer to pay its suppliers, potentially improving cash flow.
- Agilent has seen fluctuations in days of payables, which may indicate changes in payment terms or supplier relationships.

Overall, Agilent Technologies Inc's activity ratios show some fluctuations in inventory management, accounts receivable collection, and payment terms with suppliers. Further analysis of trends and industry benchmarks can provide more insights into the company's operational efficiency and effectiveness in managing its working capital.

Long-term

	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020
Fixed asset turnover	3.65	4.49	4.79	5.10	5.36	5.71	5.89	5.99	6.17	6.27	6.39	6.55	6.61	6.69	6.49	6.30	6.24	6.07	6.16	6.10
Total asset turnover	0.55	0.59	0.60	0.61	0.63	0.65	0.65	0.63	0.64	0.63	0.62	0.62	0.58	0.58	0.55	0.56	0.55	0.54	0.54	0.54

Agilent Technologies Inc's fixed asset turnover ratio has shown a consistent trend of improvement over the last several quarters, indicating that the company is generating more revenue per dollar invested in fixed assets. This suggests that Agilent is effectively utilizing its fixed assets to generate sales.

On the other hand, the total asset turnover ratio has fluctuated over the same period, but it remains relatively stable. The ratio indicates how efficiently the company is using its total assets to generate sales. While there have been fluctuations, the ratio generally hovers around 0.6, showing that Agilent is generating sales in line with its total asset base.

Overall, these long-term activity ratios suggest that Agilent Technologies Inc is efficiently managing its assets to generate revenue and is effectively utilizing its fixed assets to drive sales growth. Continued improvement in these ratios could indicate sustained operational efficiency and financial performance for the company.