Advanced Energy Industries Inc (AEIS)
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 | 2.68 | 2.60 | 2.62 | 2.85 | 3.21 | 3.06 | 3.00 | 2.96 | 3.11 | 2.72 | 2.56 | 2.67 | 2.73 | 2.61 | 3.04 | 3.57 | 3.95 | 3.40 | 2.85 | 2.56 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 1.38 | 1.40 | 1.10 | 1.13 | 1.20 | 1.28 | 2.17 | 2.27 | 2.32 | 2.34 | 2.26 | 1.85 | 1.84 | 1.84 | 2.03 | 2.04 | 2.07 | 2.15 | 1.99 | 1.73 |
The Inventory turnover ratio for Advanced Energy Industries Inc has shown some fluctuations over the periods under consideration, ranging from a low of 2.56 to a high of 3.95. It indicates the number of times the company's inventory is sold and replaced over a specific period. Although the ratio decreased initially, it has since started to increase, suggesting more efficient management of inventory levels.
The Receivables turnover ratio data is not available, indicating that the company may not provide this information publicly or may not have significant accounts receivable turnover to report. This ratio typically measures how efficiently a company is collecting its outstanding receivables during a specific period.
Similarly, the Payables turnover ratio data is also unavailable, suggesting that the company may not disclose this information or may not have significant payables to report. This ratio usually reflects how quickly a company pays its suppliers or vendors.
The Working capital turnover ratio for Advanced Energy Industries Inc has varied over time, with fluctuations from a low of 1.10 to a high of 2.34. This ratio indicates how efficiently the company is using its working capital to generate sales revenue. The increasing trend in the ratio suggests improved efficiency in utilizing working capital to support revenue generation in recent periods.
In conclusion, while the Inventory turnover and Working capital turnover ratios provide insights into the company's operational efficiency, the absence of data for Receivables turnover and Payables turnover ratios limits a comprehensive analysis of its receivables and payables management. Further details or context would be required to fully assess the company's performance in these areas.
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 | 136.32 | 140.36 | 139.18 | 128.13 | 113.71 | 119.27 | 121.74 | 123.50 | 117.31 | 134.13 | 142.33 | 136.80 | 133.73 | 139.76 | 120.14 | 102.12 | 92.44 | 107.42 | 128.20 | 142.78 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data for Advanced Energy Industries Inc, the Days of Inventory on Hand (DOH) ratio has fluctuated over the past several quarters. The DOH started at 142.78 days as of March 31, 2020, decreased to 113.71 days by December 31, 2023, and then slightly increased to 136.32 days by December 31, 2024. A higher DOH indicates that the company is holding onto inventory for a longer period before selling, which may tie up working capital and increase storage costs.
The Days of Sales Outstanding (DSO) and Number of Days of Payables data are not provided, suggesting that the company may not disclose this information or these ratios may not be relevant for its operations. DSO measures how quickly a company collects its accounts receivable, while the Number of Days of Payables measures how quickly a company pays its suppliers.
Overall, the movement in the DOH ratio for Advanced Energy Industries Inc indicates changes in inventory management efficiency over time. Investors and analysts may use this information to assess how well the company is managing its inventory levels and whether there are potential risks related to inventory buildup or shortages.
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 | — | — | — | — | — | — | 11.62 | 12.26 | 12.43 | 12.83 | 12.47 | 12.80 | 6.72 | 12.46 | 6.80 | 12.87 | 12.34 | 12.58 | 10.87 | 9.13 |
| Total asset turnover | 0.66 | 0.67 | 0.59 | 0.62 | 0.65 | 0.70 | 0.95 | 0.93 | 0.93 | 0.89 | 0.84 | 0.82 | 0.80 | 0.78 | 0.83 | 0.85 | 0.86 | 0.84 | 0.73 | 0.63 |
Advanced Energy Industries Inc's fixed asset turnover has shown a generally increasing trend over the period analyzed, reaching a peak of 12.87 in March 2021 before fluctuating between 6.72 and 12.83 from December 2021 to September 2022. The ratio then stabilized around 12.26 in March 2023 and declined slightly to 11.62 in June 2023. Notably, data is unavailable for the following quarters from September 2023 to December 2024.
In contrast, the total asset turnover ratio fluctuated more significantly, initially increasing from 0.63 in March 2020 to 0.86 in December 2020, before displaying more volatile movements in subsequent periods. The ratio peaked at 0.95 in June 2023, before dropping to 0.59 in June 2024, with fluctuations occurring between these points. Data on total asset turnover is unavailable beyond June 2024.
Overall, Advanced Energy Industries Inc's fixed asset turnover demonstrates more stability and a generally upward trend compared to the more volatile total asset turnover ratio, indicating the company's effectiveness in generating sales revenue from its fixed assets. However, fluctuations in both ratios suggest potential changes in asset utilization efficiency over time, which may warrant further investigation into the company's operational strategies and asset management practices.