Cogent Communications Group Inc (CCOI)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Inventory turnover | — | — | 4.38 | 25.11 | — |
| Receivables turnover | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
| Working capital turnover | — | 6.71 | 2.44 | 1.80 | 1.57 |
The inventory turnover ratio for Cogent Communications Group Inc increased significantly from 4.38 in December 2022 to 25.11 in December 2021, indicating that the company was able to sell its inventory more frequently in 2021. However, there was no data available for 2020, 2023, and 2024, which limits the trend analysis.
The receivables turnover ratio was not available for any of the years provided, so it is difficult to assess how efficiently the company manages its receivables.
Similarly, no data was available for the payables turnover ratio for any of the years, which would have helped in understanding how quickly the company pays its suppliers.
The working capital turnover ratio increased steadily over the years, from 1.57 in December 2020 to 6.71 in December 2023, indicating that the company was generating more revenue per unit of working capital employed. However, data was not available for 2024.
Overall, while the inventory turnover and working capital turnover ratios showed positive trends, the lack of data for receivables turnover and payables turnover ratios limits a comprehensive analysis of Cogent Communications Group Inc's activity ratios.
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 | — | — | 83.40 | 14.54 | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
Based on the provided data for Cogent Communications Group Inc, the activity ratios can be analyzed as follows:
1. Days of Inventory on Hand (DOH):
- December 31, 2020: Not available ("— days")
- December 31, 2021: 14.54 days
- December 31, 2022: 83.40 days
- December 31, 2023: Not available ("— days")
- December 31, 2024: Not available ("— days")
The days of inventory on hand ratio measures how many days it takes for a company to sell its inventory. In this case, the trend shows an improvement in 2021 with 14.54 days but a significant increase to 83.40 days in 2022. It is concerning that data is missing for 2023 and 2024, making it challenging to assess the trend over time accurately.
2. Days of Sales Outstanding (DSO):
- December 31, 2020: Not available ("— days")
- December 31, 2021: Not available ("— days")
- December 31, 2022: Not available ("— days")
- December 31, 2023: Not available ("— days")
- December 31, 2024: Not available ("— days")
The days of sales outstanding ratio reflects how long it takes for a company to collect its accounts receivable. Since the data is unavailable for all years, no specific trend or analysis can be made for this ratio.
3. Number of Days of Payables:
- December 31, 2020: Not available ("— days")
- December 31, 2021: Not available ("— days")
- December 31, 2022: Not available ("— days")
- December 31, 2023: Not available ("— days")
- December 31, 2024: Not available ("— days")
The number of days of payables ratio measures how long it takes a company to pay its suppliers. Similar to DSO, the data is not provided for any year, making it impossible to analyze the company's payment practices over time.
In summary, based on the available data, Cogent Communications Group Inc experienced a significant increase in days of inventory on hand from 2021 to 2022, but with missing data for DSO and days of payables, a comprehensive analysis of overall activity ratios for the company cannot be provided. More information would be needed to assess the efficiency of the company's inventory management, accounts receivable collection, and payment practices.
Long-term
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 1.10 | 1.29 | 1.32 |
| Total asset turnover | 0.25 | 0.29 | 0.59 | 0.60 | 0.57 |
The Fixed Asset Turnover ratio for Cogent Communications Group Inc has been declining over the years, from 1.32 in December 2020 to 1.10 in December 2022, with no data available for 2023 and 2024. This indicates that the company is generating fewer revenues from its fixed assets over time.
In contrast, the Total Asset Turnover ratio shows a mixed trend. It increased from 0.57 in December 2020 to 0.60 in December 2021 but then declined to 0.59 in December 2022, and significantly dropped to 0.29 in December 2023 and 0.25 in December 2024. This suggests that the company's overall efficiency in generating sales from all its assets worsened in the latter years.
Overall, these ratios suggest that Cogent Communications Group Inc may be facing challenges in effectively utilizing both its fixed assets and total assets to generate revenues, which could impact its long-term financial performance and operational effectiveness.