Apogee Enterprises Inc (APOG)

Short-term

Turnover ratios

Apogee Enterprises Inc's inventory turnover ratio has generally been stable and relatively high over the past two years, indicating that the company efficiently manages its inventory levels. The ratio ranged from 13.60 to 18.76 during this period, with an average of approximately 16.50. This suggests that the company is able to sell and replace its inventory multiple times within a year.

In contrast, the receivables turnover ratio for Apogee Enterprises Inc fluctuated more significantly over the same period, ranging from 6.88 to 14.68, with an average of approximately 10.30. This variability may indicate changes in the company's collection practices and the efficiency of its accounts receivable management.

The payables turnover ratio for Apogee Enterprises Inc has also shown some variability, ranging from 14.41 to 19.50, with an average of approximately 16.00. This indicates that the company pays its suppliers relatively quickly on average, which could be beneficial for maintaining good relationships with vendors.

Lastly, the working capital turnover ratio for Apogee Enterprises Inc has been fluctuating over the past two years, ranging from 8.57 to 70.57, with an average of approximately 17.80. This ratio reflects how effectively the company utilizes its working capital to generate sales revenue. The large fluctuation may suggest changes in the company's operational efficiency or investment in working capital.

Overall, analyzing these activity ratios can provide insights into Apogee Enterprises Inc's operational efficiency, inventory management, accounts receivable collection, payables management, and working capital utilization over the past two years.

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Average number of days

Days of Inventory on Hand (DOH) for Apogee Enterprises Inc have been fluctuating over the past few quarters, ranging from a low of 19.46 days to a high of 26.84 days. Overall, the company has managed to keep its inventory levels relatively stable, indicating efficient inventory management.

Days of Sales Outstanding (DSO) have also shown variability, with values ranging from 24.87 days to 53.05 days. Higher DSO values suggest that the company is taking longer to collect payments from its customers, which may impact its cash flow and liquidity.

The Number of Days of Payables has also been inconsistent, with fluctuations observed between 18.72 days and 25.33 days. A higher number of days of payables can indicate that the company is taking longer to pay its suppliers, potentially benefiting from improved cash flow.

In terms of the overall working capital cycle, Apogee Enterprises Inc appears to be effectively managing its inventory, receivables, and payables. However, the company should continue monitoring and optimizing these activity ratios to enhance efficiency and maintain healthy cash flow levels.

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Long-term

Apogee Enterprises Inc's long-term activity ratios show a consistent performance over the historical period. The fixed asset turnover ratio has remained relatively stable, ranging from 4.06 to 10.89, indicating that the company efficiently utilizes its fixed assets to generate sales. However, there was a noticeable decrease in the ratio in the most recent quarter, suggesting a potential decline in the productivity of fixed assets.

On the other hand, the total asset turnover ratio has also displayed stability, fluctuating between 1.15 and 2.88. This indicates that Apogee Enterprises Inc efficiently generates sales relative to its total assets. The trend shows a slightly increasing pattern in recent quarters, which could imply improved asset utilization efficiency.

Overall, the company's long-term activity ratios suggest a strong operational performance and efficient asset utilization, although there may be some variability in the short term that warrants further investigation.