Badger Meter Inc (BMI)
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 | 3.47 | 3.07 | 2.94 | 2.80 | 2.78 | 2.75 | 2.65 | 2.72 | 2.88 | 2.96 | 2.90 | 3.04 | 3.01 | 3.13 | 3.06 | 3.09 | 3.15 | 3.32 | 3.30 | 3.52 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 1.96 | 2.01 | 2.11 | 2.21 | 2.27 | 2.27 | 2.34 | 2.42 | 2.38 | 2.47 | 2.59 | 2.70 | 2.82 | 2.90 | 3.17 | 3.29 | 2.73 | 2.44 | 2.59 | 2.84 |
1. Inventory Turnover: Badger Meter Inc's inventory turnover has been decreasing slightly over the past few years, from 3.52 in March 2020 to 3.47 in December 2024. This indicates that the company is selling its inventory less frequently over time.
2. Receivables Turnover: The data provided does not include information on Badger Meter Inc's receivables turnover. Without this data, it is challenging to assess how efficiently the company is collecting payments from its customers.
3. Payables Turnover: Similar to receivables turnover, data on payables turnover is not available. This ratio would have provided insight into how quickly the company is paying its suppliers.
4. Working Capital Turnover: Badger Meter Inc's working capital turnover has been gradually decreasing from 2.84 in March 2020 to 1.96 in December 2024. A decreasing trend in this ratio may suggest that the company is becoming less efficient in generating sales revenue relative to its working capital.
In conclusion, while the inventory turnover of Badger Meter Inc has been decreasing, the absence of data on receivables and payables turnover limits a comprehensive analysis of the company's efficiency in managing its assets and liabilities. Additionally, the declining trend in working capital turnover highlights a potential decrease in the company's efficiency in generating revenue from its working capital.
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 | 105.24 | 119.07 | 123.96 | 130.15 | 131.31 | 132.69 | 137.75 | 134.11 | 126.58 | 123.36 | 125.84 | 120.17 | 121.31 | 116.75 | 119.17 | 118.01 | 115.74 | 110.00 | 110.49 | 103.75 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Badger Meter Inc's Days of Inventory on Hand (DOH) has shown some fluctuations over the years, ranging from 103.75 days to 137.75 days. Overall, there seems to be a trend of increasing inventory holding periods, indicating that the company may be taking longer to sell its inventory or experiencing slower inventory turnover.
However, data for Days of Sales Outstanding (DSO) and Number of Days of Payables are not available, which limits a comprehensive analysis of the company's activity ratios.
In order to gain a better understanding of Badger Meter Inc's liquidity and efficiency in managing its assets, it is recommended to track and analyze all activity ratios consistently over time. This will help identify any potential areas of improvement in the company's inventory management, accounts receivable collection, and accounts payable practices.
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 | — | — | — | — | — | 8.98 | 8.44 | 7.95 | 7.69 | 7.66 | 7.22 | 6.83 | 6.47 | 6.03 | 5.72 | 5.30 | 5.15 | 5.10 | 5.00 | 5.06 |
| Total asset turnover | 1.01 | 1.00 | 1.00 | 1.00 | 0.98 | 0.97 | 0.96 | 0.94 | 0.94 | 0.96 | 0.95 | 0.95 | 0.95 | 0.94 | 0.94 | 0.89 | 0.91 | 0.94 | 0.95 | 0.99 |
Badger Meter Inc's fixed asset turnover has shown a consistent increasing trend from March 31, 2020, to December 31, 2023, indicating the company's ability to generate sales using its fixed assets efficiently. The ratio increased steadily from 5.06 to 7.95 over this period, reflecting improvements in asset utilization.
On the other hand, the total asset turnover ratio fluctuated within a relatively narrow range between 0.89 and 1.01 from March 31, 2020, to December 31, 2024. This suggests that Badger Meter Inc's overall efficiency in generating sales from all its assets remained fairly stable over the years.
Overall, while the fixed asset turnover indicates an improvement in utilizing fixed assets efficiently, the total asset turnover ratio shows stability in the company's overall asset utilization. This suggests that Badger Meter Inc has been effectively managing its assets to generate sales and maintain operational efficiency.