Apogee Enterprises Inc (APOG)

Short-term

Turnover ratios

Apogee Enterprises Inc's activity ratios show the company's efficiency in managing its assets and operations.

1. Inventory Turnover:
- Apogee Enterprises Inc's inventory turnover has been consistent at around 14 times a year in 2023 and 2024, but decreased slightly to 10.85 times in 2025. This indicates that the company is able to sell and replace its inventory effectively.

2. Receivables Turnover:
- The company's receivables turnover was 7.30 in 2023 and increased to 8.16 in 2024. However, data is not available for 2025. This ratio reflects how efficiently the company collects payments from customers.

3. Payables Turnover:
- Apogee Enterprises Inc's payables turnover was 12.77 in 2023 and remained stable at 12.39 in 2024. Data is not available for 2025. A higher payables turnover ratio suggests that the company is managing its trade credit effectively.

4. Working Capital Turnover:
- The working capital turnover ratio improved from 10.25 in 2023 to 12.44 in 2024 and remained steady at 8.69 in 2025. This ratio indicates how well the company is utilizing its working capital to generate sales revenue.

Overall, these activity ratios suggest that Apogee Enterprises Inc has maintained efficient management of its assets and operations, with improvements in certain areas over the years.

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Average number of days

Apogee Enterprises Inc's activity ratios indicate how efficiently the company manages its assets and operations.

1. Days of Inventory on Hand (DOH):
- In February 2023, the company held inventory for approximately 25.90 days, and this figure remained stable in February 2023.
- By February 2024, the DOH decreased to 24.20 days, showing an improvement in inventory turnover.
- In March 2024, the DOH further reduced to 24.07 days, indicating a more efficient management of inventory.
- However, by February 2025, the DOH increased significantly to 33.65 days, which may suggest a slowdown in inventory turnover that requires attention.

2. Days of Sales Outstanding (DSO):
- In February 2023, the DSO stood at 49.98 days, reflecting the average number of days it takes to collect outstanding sales from customers.
- The DSO data for subsequent years is not provided in the dataset, which limits the trend analysis for this ratio.

3. Number of Days of Payables:
- As of February 2023, the company took approximately 28.58 days to pay its obligations to suppliers.
- The data for subsequent years is not available, making it challenging to assess the trend in this ratio.

In conclusion, while Apogee Enterprises Inc showed some improvements in managing its inventory levels, further monitoring of DSO and payables turnover is needed to evaluate the overall effectiveness of the company's working capital management.

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Long-term

Apogee Enterprises Inc's fixed asset turnover ratio has been consistently high at approximately 5.79 for the financial years ending in February 2023, 2024, and March 2024. However, data is not available for February 29, 2024, and February 28, 2025. This indicates that the company is efficiently utilizing its fixed assets to generate sales revenue.

In contrast, the total asset turnover ratio shows a declining trend from 1.57 in February 2023 to 1.16 in February 2025, with a peak of 1.60 in both February 2024 and March 2024. This decline suggests that the company's total assets are not generating as much revenue in the most recent fiscal year, which may indicate inefficiencies in asset utilization or changes in the business operations.

Overall, while the fixed asset turnover ratio shows strong efficiency in utilizing fixed assets, the declining trend in the total asset turnover ratio raises some concerns about the overall effectiveness of the company's asset management strategies. Further analysis of the company's operations and financial performance would be necessary to provide a more in-depth assessment.