Alkermes Plc (ALKS)
Activity ratios
Short-term
Turnover ratios
| 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 | Dec 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.60 | 3.70 | 3.88 | 4.14 | 5.13 | 5.03 | 4.82 | 4.74 | 5.19 | 5.44 | 5.36 | 5.30 | 5.56 | 5.56 | 5.53 | 6.02 | 4.65 | 5.08 | 5.64 | 6.11 |
| Receivables turnover | 4.06 | 4.06 | 5.39 | 4.93 | 4.65 | 4.32 | 4.11 | 3.82 | 4.36 | 4.73 | 4.76 | 3.71 | 3.88 | 3.67 | 4.26 | 3.75 | 4.37 | 4.84 | 4.78 | 4.50 |
| Payables turnover | 18.59 | 6.88 | 9.98 | 11.74 | 11.32 | 11.25 | 24.03 | 26.19 | 26.00 | 21.13 | 29.97 | 14.29 | 20.92 | 23.07 | 20.55 | 16.44 | 6.90 | 11.62 | 14.27 | 11.47 |
| Working capital turnover | 1.34 | 1.45 | 1.69 | 1.70 | 1.63 | 1.59 | 1.79 | 1.74 | 1.92 | 1.92 | 2.16 | 1.97 | 1.87 | 1.67 | 1.62 | 1.53 | 1.79 | 1.84 | 2.06 | 2.03 |
Alkermes Plc's inventory turnover has been fluctuating over the past few quarters, ranging from 3.60 to 6.11. This ratio indicates the number of times the company sells and replaces its inventory during a period. A higher inventory turnover generally suggests efficient inventory management.
The receivables turnover ratio has also varied but generally stayed within a narrower range of 3.67 to 5.39. This ratio reflects how efficiently the company collects outstanding receivables from customers. A higher receivables turnover indicates faster collection of cash from credit sales.
In contrast, Alkermes Plc's payables turnover has shown significant fluctuations, ranging from 6.90 to 29.97. This ratio reveals how quickly the company pays its suppliers. A higher payables turnover may imply that the company is taking full advantage of credit terms offered by suppliers.
The working capital turnover ratio has been relatively stable for Alkermes Plc, fluctuating between 1.34 and 2.16. This ratio shows how efficiently the company utilizes its working capital to generate sales. A higher ratio indicates that the company is effectively using its resources to generate revenue.
Overall, analyzing these activity ratios provides insights into Alkermes Plc's operational efficiency and management of resources such as inventory, receivables, payables, and working capital.
Average number of days
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 101.30 | 98.58 | 94.18 | 88.27 | 71.18 | 72.59 | 75.65 | 76.97 | 70.31 | 67.13 | 68.06 | 68.89 | 65.62 | 65.63 | 66.01 | 60.66 | 78.46 | 71.82 | 64.74 | 59.69 |
| Days of sales outstanding (DSO) | days | 89.80 | 89.80 | 67.74 | 74.00 | 78.53 | 84.58 | 88.87 | 95.60 | 83.77 | 77.12 | 76.60 | 98.37 | 94.17 | 99.36 | 85.76 | 97.27 | 83.54 | 75.39 | 76.30 | 81.14 |
| Number of days of payables | days | 19.63 | 53.03 | 36.58 | 31.09 | 32.23 | 32.44 | 15.19 | 13.94 | 14.04 | 17.28 | 12.18 | 25.53 | 17.45 | 15.82 | 17.76 | 22.21 | 52.92 | 31.42 | 25.57 | 31.82 |
The Days of Inventory on Hand (DOH) ratio for Alkermes Plc has been fluctuating over the previous periods, ranging from 59.69 days to 101.30 days. This ratio indicates the average number of days it takes for the company to sell its inventory. An increasing trend in the DOH suggests that the company may be facing challenges in efficiently managing its inventory levels, potentially leading to higher carrying costs and obsolete inventory.
The Days of Sales Outstanding (DSO) ratio reflects the efficiency of Alkermes Plc in collecting its accounts receivable. The company's DSO has varied between 67.74 days and 99.36 days. A decreasing trend in DSO is favorable as it indicates that the company is collecting its receivables more quickly, potentially improving its cash flow management.
The Number of Days of Payables ratio shows the average number of days it takes for Alkermes Plc to pay its suppliers. The company's payables days range from 12.18 days to 53.03 days. A higher number of days of payables may indicate that the company is taking longer to pay its suppliers, which could be a strategy to preserve cash or negotiate better payment terms.
Overall, analyzing these activity ratios collectively can provide insights into Alkermes Plc's efficiency in managing its inventory, collecting receivables, and managing payables, offering valuable information on the company's operational performance and financial health.
Long-term
| 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 | Dec 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 6.62 | 6.69 | 7.58 | 7.23 | 4.79 | 4.46 | 3.44 | 4.93 | 3.43 | 3.45 | 3.54 | 3.41 | 3.29 | 3.18 | 2.99 | 2.95 | 3.27 | 3.18 | 3.26 | 3.19 |
| Total asset turnover | 0.69 | 0.67 | 0.80 | 0.77 | 0.69 | 0.66 | 0.57 | 0.56 | 0.58 | 0.59 | 0.60 | 0.57 | 0.56 | 0.56 | 0.55 | 0.53 | 0.62 | 0.64 | 0.65 | 0.64 |
Alkermes Plc's long-term activity ratios provide insights into the efficiency of the company in utilizing its assets to generate sales.
1. Fixed Asset Turnover: This ratio measures how effectively a company is using its fixed assets to generate revenue. Alkermes' fixed asset turnover has been relatively stable over the periods examined, ranging from 2.95 to 7.58. The higher the ratio, the more efficiently the company is using its fixed assets to generate revenue. Alkermes' fixed asset turnover has generally been above 3, indicating that the company has been efficient in utilizing its fixed assets to generate sales.
2. Total Asset Turnover: This ratio indicates how efficiently a company is using all its assets to generate revenue. Alkermes' total asset turnover has also been relatively stable over the periods analyzed, ranging from 0.53 to 0.80. A higher total asset turnover signifies better efficiency in asset utilization. Alkermes' total asset turnover has mostly been above 0.50, indicating that the company has been effectively using its total assets to generate sales.
Overall, Alkermes Plc's long-term activity ratios suggest that the company has been efficient in utilizing both its fixed assets and total assets to generate revenue consistently over the periods reviewed. This indicates good operational efficiency and effective management of assets to drive sales growth.