Albany International Corporation (AIN)
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 | 5.68 | 5.20 | 4.99 | 4.57 | 4.27 | 3.82 | 4.45 | 4.31 | 4.64 | 4.61 | 4.47 | 4.60 | 4.67 | 4.59 | 4.37 | 4.42 | 4.79 | 4.91 | 5.17 | 5.88 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 2.44 | 2.16 | 2.15 | 1.88 | 1.82 | 1.78 | 1.48 | 1.50 | 1.65 | 1.62 | 1.51 | 1.56 | 1.69 | 1.61 | 1.65 | 1.65 | 1.71 | 1.86 | 2.09 | 2.15 |
Albany International Corporation's inventory turnover ratio has shown a gradual decline over the past few years, indicating that the company is taking longer to sell its inventory. This could potentially signify issues such as overstocking or slowing sales.
The data does not provide information on the receivables turnover ratio, which is a key metric to assess how efficiently the company is collecting on credit sales. Without this data, it is challenging to evaluate the effectiveness of Albany International Corporation's accounts receivable management.
Similarly, information on payables turnover is not available in the dataset, making it difficult to ascertain the company's payment efficiency to its suppliers.
The working capital turnover ratio has fluctuated throughout the reporting periods, with some fluctuations indicating changes in the efficiency of managing working capital. A declining trend in this ratio could suggest inefficiencies in utilizing the company's working capital resources effectively.
Overall, the available activity ratios paint a mixed picture of Albany International Corporation's operational efficiency and effectiveness in managing its various resources. Additional data on receivables and payables turnover would provide a more comprehensive analysis of the company's overall financial performance.
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 | 64.23 | 70.13 | 73.08 | 79.83 | 85.46 | 95.44 | 82.09 | 84.75 | 78.67 | 79.14 | 81.64 | 79.35 | 78.11 | 79.47 | 83.60 | 82.61 | 76.15 | 74.38 | 70.59 | 62.10 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
The Days of Inventory on Hand (DOH) for Albany International Corporation have displayed some fluctuations over the reported periods. The average DOH for the most recent period ending December 31, 2024, was 64.23 days, indicating that, on average, the company held inventory for about 64 days before it was sold. It is worth noting that the DOH has generally trended downwards in recent quarters, which could be a positive sign of improved inventory management efficiency.
On the other hand, there is no available data for Days of Sales Outstanding (DSO) and Number of Days of Payables, preventing a comprehensive analysis of Albany International Corporation's activity ratios related to accounts receivable and accounts payable management.
In conclusion, while the company's inventory management appears to have shown improvements based on the decreasing trend in DOH, a more detailed assessment would be required across all activity ratios to fully evaluate the efficiency of Albany International Corporation's 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 | — | — | — | — | — | 1.93 | 2.37 | 2.35 | 2.32 | 2.45 | 2.33 | 2.20 | 2.13 | 2.15 | 2.04 | 2.03 | 2.01 | 2.11 | 2.24 | 2.32 |
| Total asset turnover | 0.75 | 0.72 | 0.71 | 0.66 | 0.63 | 0.61 | 0.63 | 0.62 | 0.63 | 0.64 | 0.61 | 0.60 | 0.60 | 0.59 | 0.59 | 0.59 | 0.58 | 0.62 | 0.68 | 0.70 |
Albany International Corporation's Fixed Asset Turnover ratio has shown a generally positive trend over the period from March 31, 2020, to June 30, 2023, indicating that the company is generating increasing sales revenue relative to its investment in fixed assets. There was a slight decline in the ratio in the subsequent quarters, dropping to 1.93 by September 30, 2023. This might suggest a decrease in efficiency in utilizing fixed assets to generate sales.
On the other hand, the Total Asset Turnover ratio fluctuated within a relatively narrow range during the same period. It hovered around 0.60 to 0.64, reflecting stable sales generated per dollar of total assets. However, the ratio showed an upward trend in the last few quarters, reaching 0.75 by December 31, 2024, which could indicate improved efficiency in asset utilization.
Overall, while the Fixed Asset Turnover ratio fluctuated more significantly, the Total Asset Turnover ratio remained relatively stable and eventually improved. This analysis suggests that Albany International Corporation's management may have enhanced its operational efficiency in utilizing both fixed and total assets to generate sales over the period under consideration. Further monitoring of these ratios will be necessary to assess the company's ongoing performance in this regard.