Corsair Gaming Inc (CRSR)
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 | 3.80 | 3.41 | 3.91 | 4.30 | 4.58 | 4.61 | 4.95 | 5.61 | 5.60 | 4.67 | 4.16 | 4.36 | 4.66 | 4.23 | 5.28 | 5.87 | 5.47 | 5.19 | 6.83 | 6.01 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 5.80 | 6.27 | 5.37 | 5.17 | 4.98 | 5.06 | 4.70 | 4.75 | 4.91 | 7.81 | 7.90 | 7.26 | 7.35 | 8.38 | 8.47 | 9.06 | 9.17 | 8.04 | 9.42 | 8.72 |
Inventory Turnover Ratio:
- The inventory turnover ratio for Corsair Gaming Inc has shown a gradual decline from 6.01 in March 31, 2020, to 3.80 in December 31, 2024. This decreasing trend indicates that the company is taking longer to sell its inventory.
Receivables Turnover Ratio:
- There is no data available for the receivables turnover ratio for Corsair Gaming Inc. It seems that the company's financial statements do not provide the necessary information to calculate this ratio.
Payables Turnover Ratio:
- Similar to the receivables turnover ratio, there is no data available for the payables turnover ratio for Corsair Gaming Inc. It appears that the company might not disclose the required details to calculate this ratio.
Working Capital Turnover Ratio:
- The working capital turnover ratio fluctuates for Corsair Gaming Inc, varying from 4.91 in December 31, 2022, to 6.27 in September 30, 2024. This ratio measures how efficiently the company utilizes its working capital to generate sales revenue. The decreasing trend in recent periods may suggest a decrease in efficiency or changes in the company's working capital management.
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 | 95.97 | 107.16 | 93.44 | 84.95 | 79.72 | 79.18 | 73.72 | 65.08 | 65.22 | 78.21 | 87.83 | 83.64 | 78.32 | 86.30 | 69.14 | 62.23 | 66.69 | 70.34 | 53.48 | 60.76 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the data provided for Corsair Gaming Inc, let's analyze the activity ratios:
1. Days of Inventory on Hand (DOH):
- The DOH shows the number of days a company takes to sell its entire inventory.
- Corsair Gaming Inc's DOH fluctuated over the quarters, ranging from a low of 53.48 days in June 2020 to a high of 107.16 days in September 2024.
- Generally, a lower DOH indicates efficient inventory management, while a higher DOH may suggest excess or slow-moving inventory.
- Corsair's DOH peaked in September 2024, indicating a potential inventory management issue that may require attention.
2. Days of Sales Outstanding (DSO):
- DSO represents the average number of days it takes a company to collect payment after a sale.
- Unfortunately, specific DSO data for Corsair Gaming Inc is not available, indicating that the company's accounts receivable turnover could not be calculated.
3. Number of Days of Payables:
- Data for Corsair's Number of Days of Payables was not provided, making it impossible to determine the company's payment practices and how long it takes to pay its suppliers.
In conclusion, while Corsair Gaming Inc's inventory management seems to have experienced fluctuations over the quarters, the lack of data on accounts receivable and payables hinders a comprehensive analysis of the company's overall activity efficiency. Further information on DSO and payables turnover would provide a more complete picture of Corsair's operational effectiveness.
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 | — | — | — | — | — | 20.11 | 41.38 | 39.51 | 17.17 | 55.67 | 69.31 | 89.53 | 113.21 | 119.13 | 125.72 | 125.54 | 103.33 | 95.60 | 88.47 | — |
| Total asset turnover | 1.07 | 1.10 | 1.12 | 1.15 | 1.08 | 1.08 | 1.05 | 1.04 | 1.06 | 1.26 | 1.27 | 1.33 | 1.42 | 1.45 | 1.46 | 1.44 | 1.30 | 1.17 | 1.15 | 1.13 |
The Fixed Asset Turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. For Corsair Gaming Inc, we observe fluctuations in this ratio over the years, indicating changes in the company's ability to generate sales from its fixed assets. The ratio increased steadily from June 2020 to March 2021, peaking at 125.72, reflecting improved efficiency in asset utilization during this period. However, from March 2022 onwards, there was a significant decline in the ratio, dropping to 17.17 by December 2022. This sharp decrease suggests a potential inefficiency in utilizing fixed assets to generate revenue during that period. The ratio slightly recovered in the subsequent periods but remained relatively low compared to the peak.
Total Asset Turnover ratio, on the other hand, shows how effectively a company is utilizing all its assets to generate revenue. Corsair Gaming Inc experienced fluctuations in this ratio as well. The ratio increased steadily from March 2020 to December 2020, indicating an improvement in overall asset utilization efficiency. However, from March 2022 onwards, there was a noticeable decline in the ratio, reaching its lowest point of 1.04 in March 2023. This suggests a decrease in the company's ability to generate sales relative to its total assets during that period. The ratio slightly recovered in the following periods but remained lower than the peak observed earlier.
In summary, the analysis of Corsair Gaming Inc's long-term activity ratios indicates fluctuations in both Fixed Asset Turnover and Total Asset Turnover ratios over the years, with periods of improvement and decline in asset utilization efficiency. These trends can provide insights into the company's operational efficiency and effectiveness in utilizing its assets to drive revenue generation.