Artivion Inc (AORT)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Inventory turnover | 1.75 | 1.52 | 1.49 | 1.32 | 1.17 |
| Receivables turnover | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
| Working capital turnover | 1.74 | 1.59 | 1.59 | 1.47 | 1.45 |
Artivion Inc's activity ratios provide insight into the efficiency of the company's operations in managing its assets and liabilities. Here is a detailed analysis based on the provided data:
1. Inventory Turnover:
- Artivion Inc's inventory turnover has shown a consistent improvement over the years, increasing from 1.17 in 2020 to 1.75 in 2024.
- This indicates that the company is selling its inventory more frequently each year, which is a positive sign of efficient inventory management.
2. Receivables Turnover:
- The data shows that Artivion Inc did not provide information on its receivables turnover for any of the years from 2020 to 2024.
- Without this data, it is challenging to evaluate how quickly the company is collecting payments from its customers.
3. Payables Turnover:
- Similar to receivables turnover, the information on payables turnover is not provided for any of the years from 2020 to 2024.
- As a result, it is unclear how efficiently the company is managing its payments to suppliers and other creditors.
4. Working Capital Turnover:
- Artivion Inc's working capital turnover has shown a gradual improvement from 1.45 in 2020 to 1.74 in 2024.
- This indicates that the company is generating sales relative to its working capital more effectively over the years.
Overall, based on the available data, Artivion Inc seems to be efficiently managing its inventory and working capital. However, the lack of information on receivables and payables turnover limits a comprehensive assessment of the company's overall activity efficiency.
Average number of days
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 208.32 | 239.70 | 244.32 | 277.28 | 312.01 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
Based on the data provided for Artivion Inc, let's analyze the activity ratios:
1. Days of Inventory on Hand (DOH):
- Artivion Inc's DOH has shown a decreasing trend over the years. From 312.01 days in 2020, it decreased to 208.32 days by December 31, 2024.
- A decreasing trend in DOH indicates that the company is efficiently managing its inventory levels and selling its products more quickly.
2. Days of Sales Outstanding (DSO):
- The data provided indicates that there are no specific values for DSO from 2020 to 2024.
- Without data on DSO, it is challenging to assess how quickly the company is collecting its receivables from customers.
3. Number of Days of Payables:
- Similarly, there are no specific values provided for the number of days of payables from 2020 to 2024.
- Without this data, it is difficult to determine how long Artivion Inc takes to pay its suppliers.
Overall, based on the information provided, it appears that Artivion Inc has been effectively managing its inventory levels, but further details on DSO and payables are needed to gain a complete picture of the company's activity ratios and cash flow management.
Long-term
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 8.11 | 3.59 | 4.90 |
| Total asset turnover | 0.49 | 0.45 | 0.41 | 0.38 | 0.32 |
Artivion Inc's fixed asset turnover ratio, a measure of how efficiently the company is using its fixed assets to generate revenue, declined from 4.90 in 2020 to 3.59 in 2021, then increased significantly to 8.11 in 2022. However, data for 2023 and 2024 are not available. A high fixed asset turnover ratio indicates that the company is generating more revenue per dollar of fixed assets, which can be a positive sign of operational efficiency.
On the other hand, the total asset turnover ratio, which measures the company's overall efficiency in using its total assets to generate sales, increased steadily from 0.32 in 2020 to 0.49 in 2024. This improvement suggests that Artivion Inc is becoming more efficient in generating sales using its total asset base over the years.
These ratios provide insights into how well Artivion Inc is utilizing its assets to generate revenue. The trend of improving total asset turnover ratio indicates a positive efficiency trend, while the fluctuating fixed asset turnover ratio might require further investigation to understand the reasons behind the significant changes observed in the data.