Carlisle Companies Incorporated (CSL)

Short-term

Turnover ratios

Based on the data provided for Carlisle Companies Incorporated, let's analyze the activity ratios:

1. Inventory Turnover:
- The inventory turnover ratio measures how efficiently the company manages its inventory.
- The ratio has shown fluctuations over the periods provided, ranging from a low of 5.18 to a high of 8.67.
- Overall, the company's inventory turnover has been relatively stable, with values mostly staying above 5, indicating effective inventory management.

2. Receivables Turnover:
- No data is available for the receivables turnover ratio, which may suggest that the company does not rely heavily on extending credit to customers or that the data is not disclosed.

3. Payables Turnover:
- Similar to receivables turnover, no data is provided for payables turnover, indicating limited insight into the company's payment practices to suppliers.

4. Working Capital Turnover:
- The working capital turnover ratio reflects how efficiently the company utilizes its working capital to generate sales.
- The ratio has shown variations, reaching a high of 5.65 and dropping to a low of 1.85 in the periods presented.
- The company experienced some fluctuations in utilizing its working capital efficiently to generate revenue, with a general upward trend evident in recent periods.

In conclusion, while the company appears to manage its inventory effectively and shows some improvement in utilizing its working capital efficiently, the lack of data for receivables and payables turnover limits a comprehensive analysis of the company's complete activity ratios. It is important for the company to provide complete financial information to enable a more in-depth assessment of its operating efficiency and liquidity management.

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Average number of days

Based on the provided data for Carlisle Companies Incorporated, let's analyze the activity ratios:

1. Days of Inventory on Hand (DOH):
- The trend of DOH fluctuates over the periods provided.
- In general, a higher number of days of inventory on hand indicates that the company is holding onto its inventory longer before selling it.
- The company should aim to manage its inventory efficiently to avoid excess holding costs.

2. Days of Sales Outstanding (DSO):
- DSO data is not available for the periods provided, indicating that the company may not track this metric or it is not applicable for their operations.
- DSO measures how long it takes for a company to collect its accounts receivable.
- Not having DSO data makes it challenging to assess the efficiency of the company's accounts receivable management.

3. Number of Days of Payables:
- Similar to DSO, the data for the number of days of payables is not available for the periods given.
- This ratio typically represents the average number of days a company takes to pay its suppliers.
- Lack of data on payables days hinders an analysis of the company's payment practices and working capital management.

In conclusion, while the data on Days of Inventory on Hand was available and showed fluctuations, the absence of information on Days of Sales Outstanding and Number of Days of Payables limits the depth of the analysis of Carlisle Companies Incorporated's activity ratios related to inventory, accounts receivable, and accounts payable.

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Long-term

Carlisle Companies Incorporated's long-term activity ratios provide insight into how efficiently the company is utilizing its assets to generate revenue over time.

1. Fixed Asset Turnover: This ratio measures the efficiency of the company in generating sales revenue from its investment in fixed assets. The trend shows a generally increasing pattern from March 31, 2020, to September 30, 2023. There are fluctuations in the ratio, with peaks at June 30, 2022, and September 30, 2023. This indicates that the company is becoming more efficient in utilizing its fixed assets to generate sales.

2. Total Asset Turnover: This ratio assesses how effectively the company is using all its assets to generate revenue. The trend for Carlisle Companies Incorporated shows fluctuations over the period, with a peak at December 31, 2022. The company experienced a decline in total asset turnover from June 30, 2021, to September 30, 2021, but there was an upward trend from December 31, 2021, to December 31, 2024. Overall, the trend indicates varying levels of efficiency in utilizing total assets to generate sales over the years.

By analyzing these long-term activity ratios, it can be concluded that Carlisle Companies Incorporated has shown improvements in the efficiency of utilizing its fixed assets and total assets to generate sales revenue over the period under review. It is essential for the company to continue monitoring and optimizing its asset utilization to sustain and improve its operational efficiency and financial performance in the long term.