Agilysys Inc (AGYS)

Activity ratios

Short-term

Turnover ratios

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019
Inventory turnover 48.63 31.60 27.75 23.37 19.13 17.69 18.09 23.06 22.99 54.18 94.61 142.15 138.19 145.41 90.57 76.95 56.89 68.67 128.62 79.17
Receivables turnover 8.09 4.64 7.86 8.11 8.89 6.02 8.66 7.52 6.49 6.11 7.77 6.41 5.34 4.54 7.23 4.99 4.48 5.29 6.56 5.65
Payables turnover 23.68 23.74 20.63 18.73 19.85 18.77 16.75 20.42 16.34 21.96 19.75 22.82 25.63 35.37 61.99 47.84 16.50 12.19 13.89 26.27
Working capital turnover 2.39 2.48 2.70 2.75 2.61 2.47 2.45 2.48 2.53 1.78 1.83 1.88 1.90 1.91 2.09 2.50 6.70 7.25 7.66 7.37

Agilysys Inc's activity ratios provide insights into how efficiently the company manages its assets and liabilities to generate revenues.

1. Inventory Turnover: Agilysys Inc has shown a consistent and healthy improvement in inventory turnover over the period, indicating efficient management of inventory levels. The ratio has consistently increased from 19.13 in March 2020 to 48.63 in March 2024, indicating that inventory is being sold and replenished rapidly.

2. Receivables Turnover: The receivables turnover ratio measures how quickly the company collects cash from its credit customers. Agilysys Inc's ratio has varied over the period but generally reflects a moderate collection period. The company has shown stable performance with the ratio fluctuating between 4.48 and 8.89.

3. Payables Turnover: Agilysys Inc's payables turnover ratio indicates how quickly the company pays its suppliers. The company demonstrates a relatively steady performance in managing payable turnover, maintaining ratios between 12.19 and 61.99 over the periods, indicating effective management of trade credit terms.

4. Working Capital Turnover: The working capital turnover ratio measures how efficiently the company utilizes its working capital to generate sales. Agilysys Inc has shown a consistent ratio in the range of 1.78 to 7.66 over the periods, indicating that the company efficiently utilizes its working capital to generate revenue.

Overall, Agilysys Inc's activity ratios suggest that the company effectively manages its assets and liabilities to support its operational activities and revenue generation.

Average number of days

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019
Days of inventory on hand (DOH) days 7.51 11.55 13.15 15.62 19.08 20.64 20.18 15.83 15.87 6.74 3.86 2.57 2.64 2.51 4.03 4.74 6.42 5.32 2.84 4.61
Days of sales outstanding (DSO) days 45.13 78.71 46.42 45.02 41.08 60.59 42.17 48.55 56.23 59.72 46.97 56.95 68.41 80.38 50.51 73.15 81.46 68.96 55.61 64.57
Number of days of payables days 15.42 15.37 17.70 19.48 18.39 19.44 21.79 17.88 22.34 16.62 18.48 16.00 14.24 10.32 5.89 7.63 22.12 29.94 26.28 13.89

Agilysys Inc's activity ratios provide insights into its management of inventory, accounts receivable, and accounts payable.

The Days of Inventory on Hand (DOH) measure indicates the average number of days it takes for the company to sell its inventory. Agilysys showed a decreasing trend in DOH from 19.08 days in Mar 2023 to 7.51 days in Mar 2024, indicating a more efficient inventory management process lately.

The Days of Sales Outstanding (DSO) ratio reflects how quickly Agilysys collects its accounts receivable. Although there have been fluctuations, the trend seems to be fluctuating around a median level, with a slight improvement noted in Mar 2024 compared to previous quarters.

The Number of Days of Payables ratio illustrates how long Agilysys takes to pay its suppliers. The company maintained a relatively stable number of days of payables over the period, indicating a consistent approach to managing supplier payments.

Overall, Agilysys’ activity ratios suggest improvements in inventory management efficiency and stable performance in managing accounts receivable and accounts payable. Continued monitoring of these ratios will be essential to ensure effective working capital management.

Long-term

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019
Fixed asset turnover 13.28 12.67 12.49 12.97 13.64 19.85 28.95 29.20 25.75 22.47 20.31 18.88 15.62 14.76 14.42 13.69 13.14 10.62 9.92 9.64
Total asset turnover 0.68 0.66 0.86 0.83 0.82 0.78 0.82 0.82 0.76 0.75 0.80 0.77 0.72 0.74 0.84 0.86 1.04 0.92 0.93 0.87

Long-term activity ratios provide insights into how efficiently a company manages its assets to generate sales. Looking at Agilysys Inc's fixed asset turnover ratio, we observe that it has fluctuated over the periods provided. The ratio indicates how well the company is utilizing its fixed assets to generate revenue, with higher values generally being more favorable. Agilysys Inc's fixed asset turnover ratio ranged from a low of 9.64 to a high of 29.20.

On the other hand, the total asset turnover ratio reflects how efficiently the company is using all its assets to generate sales. Agilysys Inc's total asset turnover ratio also fluctuated, with values ranging from 0.66 to 1.04. A higher total asset turnover ratio is typically preferred as it suggests that the company is generating more revenue per dollar of assets.

Overall, based on the long-term activity ratios provided, we can see that Agilysys Inc has demonstrated varying efficiency in utilizing its assets to generate sales, with the fixed asset turnover ratio showing significant fluctuations and the total asset turnover ratio also showing some variability. Further analysis and comparison with industry benchmarks would be necessary to fully assess the company's asset management efficiency.