CF Industries Holdings Inc (CF)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 12.46 | 13.15 | 13.00 | 14.78 | 13.58 | 13.74 | 15.29 | 12.33 | 11.23 | 10.72 | 9.81 | 9.35 | 10.17 | 8.82 | 12.17 | 8.75 | 11.58 | 10.82 | 11.97 | 8.98 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 3.49 | 3.26 | 2.67 | 3.00 | 2.95 | 2.35 | 2.53 | 3.46 | 4.18 | 4.84 | 3.85 | 5.23 | 5.63 | 6.38 | 4.95 | 7.03 | 8.95 | 8.31 | 8.18 | 18.61 |
Based on the provided data for CF Industries Holdings Inc, the inventory turnover ratio has shown fluctuations over the years. The company's inventory turnover ratio ranged from a low of 8.75 to a high of 15.29 during the period. Generally, a higher inventory turnover ratio indicates that CF Industries is efficiently managing its inventory levels.
On the other hand, the receivables turnover ratio data is not available for analysis as it is indicated as "not available" across all periods.
Similarly, the payables turnover ratio data is not available for analysis as it is indicated as "not available" across all periods.
Moving on to the working capital turnover ratio, it can be observed that there is a decreasing trend in the ratio from 18.61 to 3.49 over the periods under consideration. A declining trend in this ratio may indicate that the company is becoming less efficient in generating sales revenue from its working capital.
Overall, the analysis of CF Industries Holdings Inc activity ratios suggests that the company has been managing its inventory efficiently, but there are limited insights available into its receivables and payables turnover. The decreasing trend in the working capital turnover ratio warrants further investigation into the company's working capital management efficiency.
Average number of days
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 29.29 | 27.76 | 28.07 | 24.70 | 26.88 | 26.57 | 23.87 | 29.59 | 32.49 | 34.06 | 37.21 | 39.04 | 35.88 | 41.37 | 29.99 | 41.73 | 31.52 | 33.75 | 30.48 | 40.66 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
CF Industries Holdings Inc's days of inventory on hand (DOH) ratio has shown a fluctuating trend over the past few years, ranging from a low of 23.87 days as of June 30, 2023, to a high of 41.73 days as of March 31, 2021. The company was able to effectively manage its inventory levels during the latter part of the period, with the ratio gradually declining from 39.04 days as of March 31, 2022, to 29.29 days as of December 31, 2024. This indicates that CF Industries Holdings Inc has been efficiently managing its inventory turnover, reducing excess inventory levels, and potentially improving cash flow.
On the other hand, data for days of sales outstanding (DSO) and number of days of payables is not available, indicating that the company may not disclose these figures or they may not be applicable to its business operations. As a result, further analysis of these activity ratios in relation to CF Industries Holdings Inc's financial performance is currently unavailable.
In conclusion, CF Industries Holdings Inc's management of its inventory levels, as evidenced by its days of inventory on hand ratio, appears to have been relatively effective in recent years. However, a more comprehensive analysis involving additional activity ratios would provide a more complete understanding of the company's overall operational efficiency and cash flow management.
Long-term
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | 1.19 | 1.40 | 1.64 | 1.67 | 1.71 | 1.48 | 1.21 | 0.89 | 0.71 | 0.60 | 0.56 | 0.54 | 0.53 | 0.55 | 0.57 |
| Total asset turnover | 0.44 | 0.43 | 0.43 | 0.44 | 0.46 | 0.57 | 0.64 | 0.77 | 0.84 | 0.84 | 0.76 | 0.61 | 0.53 | 0.43 | 0.38 | 0.35 | 0.34 | 0.34 | 0.36 | 0.37 |
CF Industries Holdings Inc's fixed asset turnover ratio has shown an increasing trend over the past few years, indicating that the company is generating more revenue from its fixed assets. The ratio increased significantly from 2020 to 2023, reaching a peak in September 2022, before slightly declining in the following periods. This suggests that CF Industries is effectively utilizing its fixed assets to generate sales.
In comparison, the total asset turnover ratio also reflects an increasing trend over the same period, albeit with some fluctuations. The ratio increased steadily from 2020 to 2022, indicating that the company is becoming more efficient in generating sales relative to its total assets. However, there was a slight decline in the ratio in the latter part of 2022 and into 2024.
Overall, both the fixed asset turnover and total asset turnover ratios suggest that CF Industries Holdings Inc has been improving its efficiency in utilizing its assets to generate revenue, although some fluctuations were observed in the recent periods. Efforts to maintain or improve these ratios will be crucial for sustaining the company's long-term profitability and competitiveness in the industry.