AAON Inc (AAON)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.29 | 4.38 | 4.16 | 3.82 | 3.60 | 3.50 | 3.40 | 3.52 | 3.27 | 3.31 | 3.11 | 3.09 | 3.05 | 3.54 | 4.13 | 4.13 | 4.36 | 4.60 | 4.15 | 4.89 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 3.83 | 4.20 | 4.24 | 4.36 | 4.14 | 3.92 | 3.87 | 3.95 | 4.37 | 3.97 | 3.48 | 3.55 | 4.07 | 2.62 | 2.83 | 2.76 | 3.19 | 3.17 | 3.49 | 3.71 |
Based on the provided data for AAON Inc, let's analyze the activity ratios:
1. Inventory Turnover:
- The inventory turnover ratio measures how efficiently the company manages its inventory. AAON Inc's inventory turnover has been relatively stable over the periods analyzed, with a range between 3.05 and 4.89. A generally decreasing trend is observed, indicating a slight decrease in the efficiency of inventory management over time.
2. Receivables Turnover:
- The receivables turnover ratio evaluates how efficiently the company collects its accounts receivable. Unfortunately, the data shows that AAON Inc did not provide any information on receivables turnover for the periods analyzed. This lack of data makes it challenging to assess the company's performance in this area.
3. Payables Turnover:
- The payables turnover ratio assesses how quickly the company pays its suppliers. Similar to receivables turnover, AAON Inc did not disclose any information on payables turnover for the periods under review. Without this data, it is difficult to evaluate the company's effectiveness in managing its accounts payable.
4. Working Capital Turnover:
- The working capital turnover ratio indicates how effectively the company utilizes its working capital to generate revenue. AAON Inc's working capital turnover has shown some fluctuations but has generally remained healthy, ranging between 2.62 and 4.37. A higher ratio signifies better working capital management and efficiency in generating sales.
In conclusion, while the data provided allows for a thorough analysis of AAON Inc's inventory turnover and working capital turnover ratios, the absence of information on receivables turnover and payables turnover limits a comprehensive assessment of the company's overall activity ratios. It is recommended that AAON Inc provides complete data on all activity ratios to obtain a more holistic view of its operational efficiency.
Average number of days
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 85.14 | 83.35 | 87.76 | 95.44 | 101.29 | 104.30 | 107.44 | 103.58 | 111.50 | 110.39 | 117.27 | 118.30 | 119.86 | 103.22 | 88.34 | 88.45 | 83.66 | 79.38 | 87.92 | 74.62 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data for AAON Inc, let's analyze the activity ratios:
1. Days of Inventory on Hand (DOH):
- There is a fluctuation in AAON Inc's DOH over the periods analyzed.
- The trend shows an increase in DOH from March 31, 2020, to December 31, 2024, with some fluctuations.
- The company's DOH peaked at 119.86 days on December 31, 2021, and has since decreased to 85.14 days on December 31, 2024.
2. Days of Sales Outstanding (DSO):
- The data for DSO is not provided, which limits our ability to assess the company's efficiency in collecting receivables.
- Without this information, it is difficult to determine the effectiveness of AAON Inc in managing its accounts receivable turnover.
3. Number of Days of Payables:
- Similar to DSO, data for the number of days of payables is not available, making it challenging to assess the company's payment practices and liquidity position.
- The absence of this information prevents a comprehensive analysis of AAON Inc's ability to manage its accounts payable efficiently.
In conclusion, while we can analyze the trend in Days of Inventory on Hand for AAON Inc, the lack of data for Days of Sales Outstanding and Number of Days of Payables limits the depth of our assessment regarding the company's overall activity ratios and working capital management.
Long-term
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | — | 3.01 | 2.99 | 2.85 | 2.60 | 2.23 | 2.26 | 1.94 | 2.14 | 2.12 | 2.12 | 2.30 | 2.49 | 2.44 | 2.55 |
| Total asset turnover | 1.02 | 1.17 | 1.18 | 1.22 | 1.24 | 1.18 | 1.13 | 1.12 | 1.09 | 0.98 | 0.86 | 0.84 | 0.82 | 1.00 | 1.01 | 1.02 | 1.15 | 1.18 | 1.16 | 1.25 |
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate sales. In the case of AAON Inc, we see a fluctuating trend in the fixed asset turnover ratio over the years. From March 31, 2020, to December 31, 2022, the ratio generally increased from 2.55 to 2.85, indicating improved efficiency in generating sales from fixed assets. However, from March 31, 2023, to June 30, 2023, the ratio experienced a slight decline to 3.01 before the data became unavailable for the subsequent periods, making it challenging to assess the trend comprehensively.
On the other hand, the total asset turnover ratio reflects how efficiently a company is utilizing all its assets to generate revenue. AAON Inc's total asset turnover ratio showed a declining trend from March 31, 2020, to December 31, 2021, decreasing from 1.25 to 0.82. This suggests a decrease in the company's ability to generate sales relative to its total asset base during this period. However, there was a slight improvement in the ratio from December 31, 2021, to December 31, 2022, where it increased from 0.82 to 1.09, indicating a better utilization of assets to drive revenue.
In summary, the fixed asset turnover ratio for AAON Inc exhibited fluctuations, with an initial increase followed by a slight decline. On the other hand, the total asset turnover ratio showed a more consistent pattern of decline and subsequent improvement, reflective of the company's changing efficiency in utilizing both fixed and total assets to generate sales over the period analyzed.