Alamo Group Inc (ALG)
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 | 3.57 | 3.34 | 3.24 | 3.27 | 3.29 | 3.27 | 3.21 | 3.20 | 3.23 | 3.04 | 3.05 | 2.93 | 3.12 | 3.29 | 3.51 | 3.48 | 3.79 | 3.62 | 3.50 | 3.23 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 2.44 | 2.49 | 2.40 | 2.43 | 2.86 | 2.54 | 2.45 | 2.44 | 2.82 | 2.63 | 2.57 | 2.51 | 3.18 | 2.92 | 2.83 | 2.64 | 3.37 | 2.87 | 2.63 | 2.54 |
Alamo Group Inc's inventory turnover ratio has shown fluctuation over the years, ranging from a low of 2.93 to a high of 3.79. The overall trend suggests a gradual decrease in inventory turnover efficiency from 2022 to 2024. This could indicate potential inefficiencies in managing and selling inventory.
On the other hand, the receivables turnover ratio data is unavailable for analysis, as indicated by "—". This lack of information impedes the assessment of the company's effectiveness in collecting receivables.
Similarly, the payables turnover ratio data is also unavailable for analysis, preventing insights into Alamo Group Inc's performance in managing its trade payables.
The working capital turnover ratio indicates how efficiently the company is using its working capital to generate sales. Alamo Group Inc's working capital turnover ratio has fluctuated between 2.40 and 3.37 over the years. The fluctuations suggest varying levels of efficiency in utilizing working capital to generate revenue, with a slight declining trend from 2020 to 2024.
In conclusion, while the inventory turnover and working capital turnover ratios provide some insights into Alamo Group Inc's operational efficiency, the lack of data for receivables and payables turnover ratios limits a comprehensive analysis of the company's overall activity ratios.
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 | 102.38 | 109.21 | 112.61 | 111.48 | 111.11 | 111.57 | 113.55 | 113.99 | 113.17 | 120.16 | 119.56 | 124.69 | 117.17 | 110.95 | 103.91 | 104.92 | 96.33 | 100.83 | 104.16 | 113.14 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Alamo Group Inc's Days of Inventory on Hand (DOH) has exhibited fluctuations over the reporting periods. The trend shows a decrease in inventory holding period from 113.14 days as of March 31, 2020, to 102.38 days as of December 31, 2024, indicating the company is managing its inventory more efficiently to meet demand or to control costs. However, inventory days slightly increased to 111.11 days as of December 31, 2023, but this metric seems to be well-controlled overall.
Regarding Days of Sales Outstanding (DSO) and Number of Days of Payables, the data provided is not available, suggesting that these specific activity ratios are not disclosed or monitored by the company during the reported periods. This lack of data hinders a comprehensive assessment of the efficiency of Alamo Group Inc in collecting receivables and paying its suppliers.
In summary, Alamo Group Inc's performance in managing inventory appears to have improved over the years, but the absence of information on DSO and payables days limits a complete analysis of the company's overall liquidity and efficiency in the cash conversion cycle. It would be beneficial for the company to provide more detailed data in the future to enhance transparency and facilitate a more thorough evaluation of its operational efficiency.
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 | — | — | — | — | — | 7.58 | 44.20 | 43.28 | 7.35 | 44.16 | 46.00 | 43.49 | 41.04 | 35.47 | 6.59 | 29.23 | 27.53 | 26.24 | 23.78 | 22.51 |
| Total asset turnover | 1.12 | 1.12 | 1.11 | 1.12 | 1.20 | 1.14 | 1.10 | 1.09 | 1.16 | 1.10 | 1.08 | 1.04 | 1.11 | 1.06 | 1.03 | 0.96 | 1.05 | 1.00 | 0.97 | 0.94 |
Alamo Group Inc's Fixed Asset Turnover has shown fluctuations over the years, starting at 22.51 on March 31, 2020, peaking at 46.00 on June 30, 2022, and then declining significantly to 7.35 on December 31, 2022 and further to 7.58 on September 30, 2023. This indicates that the company's efficiency in generating sales from fixed assets varied during the period under review, with a sharp drop in productivity in late 2022 and 2023, before recovering slightly in the last reporting period.
In contrast, the Total Asset Turnover has generally been on an upward trend, starting at 0.94 on March 31, 2020 and increasing to 1.12 by December 31, 2024. This suggests that the company's overall asset utilization improved over time, as it generated more revenue for each dollar invested in assets. However, it's worth noting the slight decrease in total asset turnover from December 31, 2023 to March 31, 2024, which may merit further investigation or consideration.
Overall, while the company's efficiency in utilizing fixed assets fluctuated, its overall asset turnover improved gradually over the years, indicating a positive trend in asset utilization efficiency.