Appfolio Inc (APPF)
Activity ratios
Short-term
Turnover ratios
| 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 | Sep 30, 2019 | Jun 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 25.99 | 22.65 | 28.38 | 26.76 | 29.00 | 28.67 | 29.86 | 25.64 | 23.91 | 28.57 | 27.61 | 21.63 | 25.17 | 30.65 | 32.15 | 22.67 | 28.05 | 33.64 | 29.59 | 26.98 |
| Payables turnover | 307.44 | 434.46 | 347.66 | 299.59 | 649.79 | 173.40 | 280.03 | 276.94 | 63.11 | 163.80 | 104.41 | 103.43 | 106.35 | 221.01 | 62.24 | 61.89 | 80.23 | 100.13 | 115.64 | 103.83 |
| Working capital turnover | 2.72 | 3.10 | 3.49 | 3.98 | 3.83 | 3.38 | 3.73 | 4.08 | 3.34 | 3.40 | 2.27 | 2.30 | 2.28 | 2.06 | 2.08 | 5.18 | 4.99 | 17.75 | 10.62 | 9.92 |
Inventory turnover ratio data is not provided in the table.
The receivables turnover ratio for Appfolio Inc has fluctuated over the periods shown, ranging from a low of 21.63 to a high of 33.64. This ratio indicates how efficiently the company is collecting on its receivables. A higher ratio typically signifies better efficiency in collecting payments from customers.
The payables turnover ratio has also varied significantly, with values ranging from 61.89 to 649.79. This ratio reflects how quickly the company is paying its suppliers or vendors. A higher payables turnover ratio may suggest that the company is paying its bills quickly.
The working capital turnover ratio for Appfolio Inc has shown fluctuations as well, with values ranging from 2.06 to 17.75. This ratio demonstrates how efficiently the company is using its working capital to generate sales. A higher working capital turnover ratio indicates that the company is generating more revenue per unit of working capital.
Overall, it is important for Appfolio Inc to analyze these activity ratios over time to identify trends and make informed decisions regarding its operational efficiency and cash flow management.
Average number of days
| 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 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 14.04 | 16.12 | 12.86 | 13.64 | 12.58 | 12.73 | 12.23 | 14.23 | 15.26 | 12.77 | 13.22 | 16.88 | 14.50 | 11.91 | 11.35 | 16.10 | 13.01 | 10.85 | 12.34 | 13.53 |
| Number of days of payables | days | 1.19 | 0.84 | 1.05 | 1.22 | 0.56 | 2.10 | 1.30 | 1.32 | 5.78 | 2.23 | 3.50 | 3.53 | 3.43 | 1.65 | 5.86 | 5.90 | 4.55 | 3.65 | 3.16 | 3.52 |
Days of inventory on hand (DOH) data is not provided in the table, so we cannot analyze this ratio.
Days of sales outstanding (DSO) for Appfolio Inc has varied over the periods shown in the table. A lower DSO indicates that the company is collecting its accounts receivable faster, which is preferable. From Dec 31, 2019, to Mar 31, 2024, there has been some fluctuation in DSO, ranging from 10.85 days to 16.12 days. This suggests that the company may have experienced some changes in its credit policies or the efficiency of its collections process.
The number of days of payables for Appfolio Inc has also varied over the periods in the table. A higher number of days of payables indicates that the company is taking longer to pay its suppliers. Appfolio Inc's payables period ranged from 0.56 days to 5.90 days from Dec 31, 2019, to Mar 31, 2024. This variation could be due to changes in vendor payment terms, cash flow management, or purchasing patterns.
Overall, a detailed analysis of these activity ratios can provide insights into the company's operational efficiency, liquidity management, and relationships with customers and suppliers. It is important for Appfolio Inc to monitor and manage these ratios effectively to optimize its working capital and overall financial performance.
Long-term
| 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 | Sep 30, 2019 | Jun 30, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 24.56 | 22.12 | 21.30 | 20.13 | 19.59 | 18.12 | 16.08 | 14.67 | 12.63 | 11.81 | 11.94 | 11.85 | 11.88 | 11.66 | 11.40 | 10.90 | 11.97 | 17.25 | 24.17 | 27.83 |
| Total asset turnover | 1.55 | 1.53 | 1.53 | 1.53 | 1.36 | 1.24 | 1.15 | 1.10 | 0.97 | 0.88 | 0.83 | 0.81 | 0.83 | 0.79 | 0.78 | 0.90 | 0.92 | 0.98 | 1.02 | 0.98 |
Appfolio Inc's fixed asset turnover has been fluctuating over the years, ranging from 10.90 to 24.56, with a general increasing trend. This indicates that the company is generating more revenue per dollar of fixed assets invested, which could suggest efficient utilization of fixed assets to generate sales.
In comparison, the total asset turnover ratio has also shown fluctuations, ranging from 0.78 to 1.55. The ratio has generally been increasing, indicating that the company has been more effective in generating sales from its total assets over time.
Overall, the increasing trend in both fixed asset turnover and total asset turnover ratios suggests improving efficiency in asset utilization and potentially better management of the company's assets to generate sales. However, it is essential to monitor these ratios continuously to ensure sustained efficiency and profitability.