Maplebear Inc. (CART)

Short-term

Turnover ratios

Maplebear Inc.'s activity ratios provide insights into how efficiently the company manages its assets and liabilities.

1. Inventory Turnover: The inventory turnover ratio for Maplebear Inc. has shown an improving trend from 9.65 in December 2022 to 10.12 in September 2023. This indicates that the company is selling its inventory more frequently during the period, which is generally a positive sign of effective inventory management.

2. Receivables Turnover: The receivables turnover ratio is not available for the specified periods, which makes it difficult to assess how quickly the company collects its outstanding receivables. A higher turnover ratio would suggest that the company is efficient in collecting payments from its customers.

3. Payables Turnover: Similar to receivables turnover, the payables turnover ratio is not provided in the data. This ratio helps in understanding how quickly the company pays its suppliers and creditors.

4. Working Capital Turnover: The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales. Maplebear Inc.'s working capital turnover has been on an upward trend, reaching 1.78 in December 2024. This implies that the company is effectively utilizing its working capital to drive revenue growth.

In conclusion, while the inventory turnover and working capital turnover ratios indicate positive trends in Maplebear Inc.'s efficiency in managing assets, the lack of data for receivables and payables turnover limits a comprehensive analysis of the company's overall activity performance. Monitoring these ratios over time can provide valuable insights into the company's operational efficiency and financial health.

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Average number of days

Maplebear Inc.'s activity ratios provide insights into its efficiency in managing inventory, collecting receivables, and paying off its payables.

1. Days of Inventory on Hand (DOH):
- From December 31, 2022, to September 30, 2023, Maplebear Inc.'s inventory holding period decreased from 37.81 days to 36.07 days, indicating improved efficiency in managing and selling its inventory.
- However, there is insufficient data for the periods after September 30, 2023, to give a complete trend analysis.

2. Days of Sales Outstanding (DSO):
- The company's Days of Sales Outstanding are not available for analysis, as all values are indicated as "— days" across the reporting periods.
- Lack of data makes it challenging to evaluate Maplebear Inc.'s effectiveness in collecting receivables within a specific timeframe.

3. Number of Days of Payables:
- Similar to DSO, the Number of Days of Payables is also not provided for analysis.
- Absence of this data makes it difficult to assess Maplebear Inc.'s payment practices and its ability to leverage trade credit effectively.

In conclusion, while the improvement in the Days of Inventory on Hand ratio suggests enhanced inventory management efficiency, the lack of data for Days of Sales Outstanding and Number of Days of Payables hinders a comprehensive evaluation of Maplebear Inc.'s overall activity performance. It is essential for the company to provide complete and consistent data on these ratios for a more thorough assessment of its working capital management.

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Long-term

Maplebear Inc.'s long-term activity ratios reveal key insights into the company's efficiency in managing its fixed and total assets.

1. Fixed Asset Turnover:
- The fixed asset turnover ratio measures how well a company generates sales from its fixed assets.
- Maplebear's fixed asset turnover was not available until September 30, 2022 when it stood at 28.72.
- This ratio then increased significantly to 35.06 by March 31, 2023, indicating a more efficient utilization of fixed assets.
- However, the ratio dropped to 31.52 by June 30, 2023, suggesting some fluctuations in the company's ability to generate sales from its fixed assets.
- Data beyond June 30, 2023, is not available, so the trend in fixed asset turnover beyond this point is unknown.

2. Total Asset Turnover:
- The total asset turnover ratio reflects how effectively a company utilizes all its assets to generate sales.
- Maplebear's total asset turnover was 0.03 on September 30, 2019, showing a very low efficiency in generating sales relative to its total assets.
- The ratio improved significantly to 0.46 on September 30, 2021, indicating enhanced asset utilization.
- Subsequently, the ratio showed fluctuations but generally increased from September 2021 to December 31, 2024, reaching 0.82 by the end of 2024.
- This upward trend suggests that Maplebear has been more efficient in generating revenue from its total assets over time.

In summary, the analysis of Maplebear Inc.'s long-term activity ratios indicates improvements in both fixed asset turnover and total asset turnover over the available time period. However, fluctuations in fixed asset turnover and the initially low total asset turnover highlight areas where the company can further enhance its asset utilization efficiency in the future.