Maplebear Inc. (CART)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Inventory turnover | — | — | 9.60 | 608.00 | — |
| Receivables turnover | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
| Working capital turnover | 1.78 | 1.18 | 1.31 | 1.02 | 0.94 |
Maplebear Inc.'s activity ratios provide insight into how efficiently the company is managing its assets and operations.
1. Inventory Turnover: The inventory turnover ratio measures how many times a company's inventory is sold and replaced over a period. In this case, Maplebear Inc. experienced a significant decrease in inventory turnover from 608.00 in 2021 to 9.60 in 2022. This could indicate potential issues with inventory management, such as overstocking or slow-moving inventory.
2. Receivables Turnover: The receivables turnover ratio shows how quickly a company collects payments from its customers. The absence of data for Maplebear Inc. suggests that there is either no accounts receivable or the data is not available.
3. Payables Turnover: The payables turnover ratio reflects how efficiently a company pays its suppliers. Similarly, the lack of data indicates that there may be no accounts payable or that this information is not disclosed.
4. Working Capital Turnover: The working capital turnover ratio measures how effectively a company is generating revenue from its working capital. Maplebear Inc.'s working capital turnover improved from 0.94 in 2020 to 1.78 in 2024. This suggests that the company has been able to generate more revenue for each dollar of working capital over time, indicating improved efficiency in utilizing its assets.
Overall, while the inventory turnover ratio exhibited a sharp decline, the working capital turnover ratio showed a positive trend, implying improved operational efficiency in generating revenue relative to working capital over the period analyzed. Tracking these activity ratios can help Maplebear Inc. identify areas for improvement in managing its assets and operations more effectively.
Average number of days
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | 38.02 | 0.60 | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
Based on the provided data on Maplebear Inc.'s activity ratios, we can analyze the following:
1. Days of Inventory on Hand (DOH):
- As of December 31, 2021, Maplebear Inc. had 0.60 days of inventory on hand. This indicates that the company is able to quickly sell or use its inventory, which is a positive sign of efficient inventory management.
- However, as of December 31, 2022, the DOH increased significantly to 38.02 days. This suggests a sharp increase in the time it takes for the company to sell or use its inventory, which may indicate potential issues such as overstocking or slowing sales.
2. Days of Sales Outstanding (DSO):
- The data provided does not show any information on Days of Sales Outstanding for Maplebear Inc. for the years under consideration. This ratio typically measures how quickly a company collects its accounts receivable, and the absence of data may indicate that Maplebear Inc. does not have significant accounts receivable or the data was not available.
3. Number of Days of Payables:
- Similar to Days of Sales Outstanding, there is no data available for the Number of Days of Payables for Maplebear Inc. for the years provided. This ratio is used to assess how long it takes a company to pay off its suppliers, and the absence of data may indicate varying payment terms or insufficient information.
In summary, Maplebear Inc.'s activity ratios show a mixed picture. While the company demonstrated efficient inventory management in 2021 with minimal days of inventory on hand, the significant increase in DOH in 2022 raises concerns about potentially slower inventory turnover. Absence of data for DSO and Number of Days of Payables limits a comprehensive analysis of the company's receivables and payables management strategies. Further data and analysis would be needed to provide a more thorough assessment of Maplebear Inc.'s overall activity efficiency.
Long-term
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 32.29 | 25.12 | 20.23 |
| Total asset turnover | 0.82 | 0.64 | 0.70 | 0.62 | 0.70 |
Maplebear Inc.'s fixed asset turnover ratio has shown a consistent upward trend from 20.23 in 2020 to 32.29 in 2022. This indicates that the company is generating more revenue from its fixed assets over time. However, the data for 2023 and 2024 is missing, making it difficult to assess the trend for those years.
In terms of total asset turnover, Maplebear Inc. experienced fluctuations in this ratio over the years. The ratio went from 0.70 in 2020 to 0.62 in 2021, before increasing to 0.70 in 2022 and further to 0.82 in 2024. This suggests varying levels of efficiency in generating sales from total assets during this period.
Overall, the company's fixed asset turnover ratio demonstrated a positive trend, indicating improved utilization of fixed assets for generating sales. Conversely, the total asset turnover ratio displayed more volatility, signaling fluctuations in the efficiency of utilizing total assets to generate sales over the years. Additional data for 2023 and 2024 would provide a more complete picture of Maplebear Inc.'s long-term activity ratios.