CSW Industrials Inc (CSWI)
Activity ratios
Short-term
Turnover ratios
| Mar 31, 2025 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.49 | 2.34 | 2.51 | 2.87 | 2.93 | 2.87 | 2.91 | 2.79 | 2.72 | 2.42 | 2.39 | 2.44 | 2.48 | 2.75 | 2.85 | 2.66 | 2.39 | 2.06 | 3.92 | 3.40 |
| Receivables turnover | 5.79 | 7.48 | 6.21 | 5.70 | 5.48 | 7.44 | 6.13 | 5.99 | 6.17 | 7.13 | 5.57 | 4.62 | 5.10 | 6.46 | 5.02 | 4.37 | 4.34 | 5.12 | 5.39 | 5.24 |
| Payables turnover | 8.86 | 8.96 | 7.30 | 8.17 | 9.14 | 10.02 | 9.33 | 9.46 | 10.82 | 10.24 | 8.18 | 7.59 | 7.78 | 8.88 | 8.34 | 6.45 | 7.22 | 8.13 | 9.85 | 8.67 |
| Working capital turnover | 1.97 | 2.00 | 1.87 | 3.89 | 3.68 | 3.96 | 3.76 | 3.59 | 3.52 | 3.45 | 3.27 | 3.18 | 3.43 | 3.85 | 3.39 | 3.24 | 3.18 | 2.76 | 3.22 | 3.76 |
CSW Industrials Inc's Inventory turnover ratio has been fluctuating over the period under review, showing a slight decrease from 3.40 in June 2020 to 2.49 in March 2025. This trend indicates that the company is taking longer to sell its inventory on hand.
The Receivables turnover ratio has displayed some volatility, with a peak of 7.48 in December 2024. This suggests that the company has been able to collect its accounts receivable more efficiently during certain periods.
The Payables turnover ratio has shown a general downward trend from 8.67 in June 2020 to 8.86 in March 2025. This decreasing trend indicates that CSW Industrials Inc is taking longer to pay off its accounts payables over time.
The Working capital turnover ratio has also experienced fluctuations, with a notable decline from 3.89 in June 2024 to 1.97 in March 2025. This decrease implies a lower efficiency in utilizing working capital to generate revenue for the company.
In summary, CSW Industrials Inc's activity ratios show varying levels of efficiency in managing inventory, receivables, payables, and working capital over the examined period. It is essential for the company to focus on improving these ratios to enhance operational efficiency and financial performance.
Average number of days
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 146.66 | 156.29 | 145.47 | 127.27 | 124.46 | 126.96 | 125.57 | 131.06 | 134.12 | 150.91 | 152.55 | 149.87 | 147.13 | 132.58 | 128.26 | 137.44 | 152.73 | 177.55 | 93.10 | 107.44 |
| Days of sales outstanding (DSO) | days | 63.02 | 48.81 | 58.78 | 64.08 | 66.58 | 49.06 | 59.59 | 60.92 | 59.12 | 51.22 | 65.58 | 78.96 | 71.55 | 56.47 | 72.75 | 83.47 | 84.19 | 71.23 | 67.66 | 69.68 |
| Number of days of payables | days | 41.22 | 40.73 | 50.03 | 44.67 | 39.95 | 36.42 | 39.13 | 38.60 | 33.75 | 35.65 | 44.61 | 48.10 | 46.89 | 41.13 | 43.76 | 56.58 | 50.52 | 44.87 | 37.06 | 42.09 |
CSW Industrials Inc's activity ratios indicate how efficiently the company manages its operating cycle.
1. Days of Inventory on Hand (DOH): CSW Industrials Inc's DOH has shown fluctuations over the years, ranging from a low of 93.10 days to a high of 177.55 days. The average DOH over the period is around 140 days, with a decreasing trend towards the later quarters of the data. This suggests that the company has been able to manage its inventory levels more efficiently in recent periods.
2. Days of Sales Outstanding (DSO): The DSO for CSW Industrials Inc has varied between 48.81 days and 84.19 days. The average DSO is approximately 65 days. The trend in DSO shows some volatility, with periods of increase and decrease. The company has shown improvement in collecting its accounts receivable faster in the last few quarters.
3. Number of Days of Payables: CSW Industrials Inc's payables days have fluctuated between 33.75 days and 56.58 days. The average payables days over the period is approximately 43 days. The trend in payables days has been somewhat stable, with some fluctuations. The company has managed to keep its payables days within a reasonable range, balancing its payment obligations.
Overall, CSW Industrials Inc has shown improvement in managing its operating cycle efficiently, with better control over inventory levels, quicker collection of receivables, and effective management of payables. However, monitoring these ratios consistently will be crucial for sustaining and improving the company's operational efficiency.
Long-term
| Mar 31, 2025 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | — | — | 8.52 | 8.59 | 8.57 | 8.20 | 7.77 | 7.20 | 7.10 | 6.67 | 3.49 | 5.08 | 4.46 | 6.55 | 5.14 |
| Total asset turnover | 0.64 | 0.64 | 0.62 | 0.78 | 0.76 | 0.78 | 0.77 | 0.74 | 0.73 | 0.70 | 0.69 | 0.65 | 0.63 | 0.62 | 0.60 | 0.54 | 0.48 | 0.44 | 0.97 | 1.01 |
CSW Industrials Inc has shown a positive trend in its Fixed Asset Turnover ratio over the years. The ratio increased steadily from 5.14 in June 2020 to 8.59 in March 2023, indicating a more efficient utilization of fixed assets to generate sales. However, there was a slight decrease to 8.52 by June 30, 2023, and the ratio has remained constant at around this level for the subsequent periods up to March 31, 2025. This suggests that the company may have reached a plateau in terms of optimizing its fixed asset turnover.
In terms of Total Asset Turnover, the ratio fluctuated initially from 1.01 in June 2020 to 0.44 in December 2020, indicating a decline in the efficiency of generating sales from total assets. However, there has been an improvement in the ratio since then, with a steady increase to 0.78 by June 30, 2024. This improvement suggests that the company has been more effective in utilizing its total assets to generate revenue.
Overall, CSW Industrials Inc has shown improvements in both Fixed Asset Turnover and Total Asset Turnover ratios, indicating better efficiency in utilizing assets to generate sales over the years. The company's ability to maintain or further improve these ratios in the future will be crucial in sustaining its long-term operational efficiency and profitability.