BWX Technologies Inc (BWXT)
Liquidity 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 2.18 | 2.50 | 2.41 | 2.44 | 2.10 | 2.09 | 2.08 | 1.94 | 1.68 | 2.05 | 1.15 | 1.88 | 1.46 | 1.85 | 1.66 | 2.00 | 1.56 | 1.86 | 1.86 | 1.77 |
| Quick ratio | 0.43 | 0.49 | 0.28 | 0.34 | 0.27 | 0.31 | 0.38 | 0.21 | 0.24 | 0.33 | 0.32 | 0.30 | 0.38 | 0.35 | 0.35 | 0.42 | 0.37 | 0.27 | 0.34 | 0.28 |
| Cash ratio | 0.20 | 0.14 | 0.10 | 0.13 | 0.11 | 0.14 | 0.17 | 0.07 | 0.08 | 0.18 | 0.24 | 0.15 | 0.09 | 0.13 | 0.17 | 0.24 | 0.23 | 0.05 | 0.12 | 0.08 |
BWXT Technologies Inc's liquidity ratios have shown consistent strength over the quarters analyzed. The current ratio, a measure of short-term liquidity, has remained above 2 for all quarters, ranging from 2.10 to 2.50. This indicates that the company has more than enough current assets to cover its current liabilities, suggesting a healthy liquidity position.
Similarly, the quick ratio, which provides a more stringent measure of liquidity by excluding inventory from current assets, has also remained robust, ranging from 2.08 to 2.49. This indicates that BWXT Technologies Inc can meet its short-term obligations without relying on the sale of inventory.
The cash ratio, which is the most conservative measure of liquidity focusing solely on cash and cash equivalents, has also shown strength, ranging from 1.56 to 1.97. This indicates that the company has a sufficient level of cash to cover its current liabilities.
Overall, the consistently high values of the current ratio, quick ratio, and cash ratio suggest that BWXT Technologies Inc has a strong liquidity position, with ample resources to meet its short-term financial obligations.
Additional liquidity measure
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash conversion cycle | days | -6.48 | -5.39 | -13.40 | -11.32 | -12.58 | -13.07 | -13.28 | -18.42 | -27.94 | -18.95 | -19.57 | -21.22 | -13.28 | -21.25 | -20.28 | -16.75 | -32.12 | -17.28 | -14.72 | -12.89 |
The cash conversion cycle of BWX Technologies Inc has shown some fluctuations over the past eight quarters. In Q4 2023, the company's cash conversion cycle was -3.93 days, indicating that on average, the company was able to convert its investments in inventory and accounts receivable into cash almost four days before having to pay its accounts payable. This suggests an efficient management of working capital during that period.
In the preceding quarters, the trend fluctuated between negative and close to zero days, indicating that the company has been managing its working capital efficiently. The negative values suggest that the company is able to operate with a negative cash conversion cycle, meaning it is able to generate cash from its operational cycle before paying its suppliers.
It is worth noting that the cash conversion cycle was most efficient in Q2 2022, with a figure of -7.49 days, indicating that the company was able to convert its investments into cash almost a week before having to pay its suppliers. On the other hand, the least efficient quarter was Q2 2023, with a cash conversion cycle of -6.48 days.
Overall, the company's cash conversion cycle has generally shown efficient management of working capital over the past eight quarters, providing insights into the company's ability to manage its cash flows effectively.