Amphastar P (AMPH)

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 2.33 2.61 2.64 2.67 2.77 2.50 2.53 2.43 2.41 2.43 2.54 2.57 2.56 2.32 2.23 2.23 2.13 1.81 1.87 1.76
Receivables turnover 5.37 5.18 5.42 4.90 5.61 5.05 5.17 5.15 5.62 6.29 5.90 6.22 5.56 5.29 5.66 4.72 5.30 6.44 6.70 5.66
Payables turnover 11.74 9.98 10.17 8.45 11.53 8.61 14.05 11.45 12.20 12.57 8.06 10.25 10.72 10.73 7.87 9.43 8.48 8.52 9.00 11.48
Working capital turnover 2.03 1.87 2.06 2.25 2.44 2.11 4.06 1.72 1.76 1.72 1.74 1.82 2.04 2.01 2.06 2.13 2.09 1.88 1.92 2.00

The analysis of Amphastar P activity ratios reveals the following trends:

1. Inventory Turnover: The company's inventory turnover has been gradually increasing over the years, from 1.76 in March 2020 to 2.33 in December 2024. This indicates that the company is selling through its inventory at a faster pace, which can be a positive sign of efficient inventory management.

2. Receivables Turnover: The receivables turnover ratio shows a fluctuating pattern, with some ups and downs over the years. The ratio ranged from 4.72 in March 2021 to 6.29 in September 2022. A higher turnover ratio implies that the company is collecting its receivables more quickly.

3. Payables Turnover: The payables turnover ratio has varied significantly across the period, indicating changes in the company's payment practices with suppliers. The ratio ranged from 7.87 in June 2021 to 14.05 in June 2023. A higher turnover ratio suggests that the company is paying its suppliers more frequently.

4. Working Capital Turnover: The working capital turnover ratio has shown fluctuations as well, with values ranging from 1.72 in March 2023 to 4.06 in June 2023 and then stabilizing around 2 in the following periods. A higher working capital turnover ratio generally indicates that the company is generating more revenue per dollar of working capital.

Overall, the trends in these activity ratios suggest that Amphastar P has been managing its inventory, receivables, payables, and working capital efficiently over the years, with improvements in turnover ratios indicating better operational performance. However, fluctuations in some ratios may require further investigation to understand the underlying factors driving these changes.

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 156.70 139.81 138.29 136.50 131.72 145.88 144.30 150.26 151.16 150.19 143.97 142.04 142.31 157.39 163.69 163.56 171.15 201.29 195.64 207.93
Days of sales outstanding (DSO) days 67.96 70.44 67.28 74.55 65.11 72.23 70.66 70.83 64.96 58.04 61.85 58.68 65.70 69.05 64.53 77.27 68.86 56.68 54.49 64.45
Number of days of payables days 31.10 36.57 35.90 43.18 31.66 42.41 25.97 31.86 29.92 29.04 45.31 35.59 34.06 34.01 46.39 38.72 43.05 42.84 40.55 31.81

Amphastar P's Days of Inventory on Hand (DOH) has shown a declining trend over the years, indicating that the company is managing its inventory more efficiently. The number of days it takes for the company to sell its inventory has decreased from 207.93 days on March 31, 2020, to 138.29 days on June 30, 2024.

In terms of Days Sales Outstanding (DSO), Amphastar P's performance has been relatively stable, showing some fluctuations but without a clear trend. DSO represents the average number of days it takes for the company to collect payment after a sale. The company reduced its DSO from 77.27 days on March 31, 2021, to 67.96 days on December 31, 2024.

The Number of Days of Payables measures how long it takes for a company to pay its suppliers. Amphastar P has been able to effectively manage its payables over the years, with the number of days decreasing from 43.05 days on December 31, 2020, to 31.10 days on December 31, 2024.

Overall, the analysis of Amphastar P's activity ratios suggests that the company has improved its inventory management efficiency, maintained stability in collecting payments from customers, and effectively managed its payables within a reasonable timeframe.

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 2.46 2.45 2.48 2.34 2.28 2.14 1.94 2.13 2.09 2.08 2.01 1.87 1.79 1.70 1.52 1.45 1.35 1.37 1.40 1.41
Total asset turnover 0.46 0.47 0.48 0.43 0.43 0.39 0.39 0.67 0.67 0.67 0.66 0.64 0.65 0.63 0.58 0.57 0.55 0.55 0.56 0.57

The Fixed Asset Turnover ratio measures how efficiently a company uses its fixed assets to generate revenue. In the case of Amphastar P, the ratio has been gradually increasing from 1.41 in March 2020 to 2.46 in December 2024. This indicates that the company has been able to generate more revenue from its fixed assets over the years, showing improved efficiency in utilizing its long-term resources for income generation.

On the other hand, the Total Asset Turnover ratio reflects the efficiency of a company in generating sales from its total assets. For Amphastar P, the ratio fluctuated over the years, ranging from 0.55 in September 2020 to 0.67 in December 2022, and then dropping to 0.46 by December 2024. This indicates that the company's ability to generate sales from its total assets has been inconsistent, with a downward trend observed in recent years suggesting a potential decrease in operational efficiency or asset utilization.

Overall, the trend in the Fixed Asset Turnover ratio for Amphastar P paints a positive picture of improving efficiency in utilizing fixed assets, while the fluctuating trend in the Total Asset Turnover ratio may require further examination to understand the factors impacting the company's overall asset utilization efficiency.