BWX Technologies Inc (BWXT)

Activity ratios

Short-term

Turnover ratios

	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	Mar 31, 2019
Inventory turnover	68.46	57.04	58.46	56.91	73.40	52.22	61.95	95.53	96.55	103.66	105.19	111.40	103.21	115.03	123.28	124.99	79.59	74.35	78.78	83.69
Receivables turnover	28.45	19.34	35.71	31.24	36.32	30.05	25.01	35.62	29.65	36.06	34.12	35.98	13.69	23.96	31.29	31.63	40.27	31.63	32.14	33.20
Payables turnover	14.81	11.90	12.22	12.41	13.22	11.33	10.81	11.24	8.29	11.20	10.82	10.54	8.40	9.20	10.46	11.69	7.97	10.82	11.89	12.92
Working capital turnover	5.56	4.48	4.67	4.46	5.47	4.91	4.85	5.47	6.67	4.95	17.23	5.87	8.61	6.25	8.16	5.80	10.15	7.86	8.05	8.60

Activity ratios provide insights into how efficiently a company manages its assets and liabilities to generate sales. Let's analyze the activity ratios of BWX Technologies Inc based on the provided data.

1. Receivables Turnover:
- BWX Technologies Inc's receivables turnover has been fluctuating over the past eight quarters, ranging from a low of 11.98 to a high of 17.62.
- A higher turnover indicates that the company is collecting its accounts receivable more quickly, which is generally favorable as it implies efficient credit management.

2. Payables Turnover:
- The payables turnover ratio for BWX Technologies Inc has also varied over the quarters, with values ranging from 10.81 to 14.81.
- A higher payables turnover suggests that the company is paying its suppliers more quickly, which can sometimes indicate effective cash management strategies.

3. Working Capital Turnover:
- The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate revenue.
- BWX Technologies Inc's working capital turnover has ranged from 4.51 to 5.64, showing relatively stable performance in converting working capital into sales over the quarters.

Overall, BWX Technologies Inc appears to have maintained reasonable efficiency in managing its receivables, payables, and working capital to support its sales activities. Monitoring these activity ratios can help stakeholders assess the company's operational performance and financial health.

Average number of days

		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	Mar 31, 2019
Days of inventory on hand (DOH)	days	5.33	6.40	6.24	6.41	4.97	6.99	5.89	3.82	3.78	3.52	3.47	3.28	3.54	3.17	2.96	2.92	4.59	4.91	4.63	4.36
Days of sales outstanding (DSO)	days	12.83	18.87	10.22	11.68	10.05	12.15	14.60	10.25	12.31	10.12	10.70	10.14	26.66	15.24	11.66	11.54	9.06	11.54	11.36	10.99
Number of days of payables	days	24.65	30.66	29.86	29.42	27.60	32.21	33.77	32.48	44.03	32.60	33.73	34.64	43.47	39.66	34.90	31.21	45.77	33.73	30.71	28.25

Days of inventory on hand (DOH) for BWX Technologies Inc is not provided in the data. However, Days of Sales Outstanding (DSO) shows how long it takes for the company to collect revenue after making a sale. The trend in DSO appears to be decreasing over the quarters, indicating that the company is collecting receivables more quickly.

The Number of Days of Payables represents how long it takes for the company to pay its suppliers. This ratio is relatively stable over the quarters, with fluctuations but no clear trend.

Overall, the DSO decreasing trend suggests that BWX Technologies Inc is managing its accounts receivable efficiently, while the stable Days of Payables indicates a consistent approach to managing its payables. This could potentially lead to improved cash flow and working capital management for the company.

Long-term

	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	Mar 31, 2019
Fixed asset turnover	2.00	1.99	1.94	1.95	1.95	2.01	1.97	1.96	2.00	2.09	2.21	2.36	2.57	2.86	3.09	3.36	3.94	4.40	4.62	4.77
Total asset turnover	0.90	0.85	0.84	0.82	0.84	0.81	0.79	0.82	0.84	0.83	0.81	0.89	0.92	0.96	1.03	1.01	1.20	1.24	1.25	1.26

The fixed asset turnover of BWX Technologies Inc has remained relatively stable over the past eight quarters, ranging between 1.97 and 2.03. This indicates that the company generates approximately $2.00 in sales for every $1.00 invested in fixed assets. The consistency in this ratio suggests that the company efficiently utilizes its fixed assets to generate revenue.

On the other hand, the total asset turnover ratio has shown slight fluctuations but generally increased from 0.80 in Q2 2022 to 0.91 in Q4 2023. This ratio signifies that the company generates $0.91 in sales for every $1.00 invested in total assets. The upward trend implies improved efficiency in utilizing all assets, including fixed and current assets, to generate revenue.

Overall, the long-term activity ratios of BWX Technologies Inc indicate a stable and efficient utilization of both fixed and total assets in generating sales. The company's ability to generate revenue relative to its asset base demonstrates effective management of its asset utilization.