CSW Industrials Inc (CSWI)
Activity ratios
Short-term
Turnover ratios
| 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 | Dec 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.74 | 4.28 | 4.37 | 4.27 | 4.28 | 4.08 | 3.97 | 3.26 | 3.23 | 3.28 | 3.38 | 3.80 | 4.00 | 3.74 | 3.19 | 3.22 | 6.02 | 5.37 | 5.57 | 5.68 |
| Receivables turnover | 6.22 | 5.71 | 5.57 | 7.44 | 6.13 | 5.99 | 6.17 | 7.13 | 5.57 | 4.62 | 5.10 | 6.46 | 5.02 | 4.37 | 4.34 | 5.13 | 5.40 | 5.24 | 5.15 | 6.58 |
| Payables turnover | 10.87 | 12.20 | 13.61 | 14.88 | 13.73 | 13.85 | 15.77 | 13.81 | 11.06 | 10.22 | 10.60 | 12.26 | 11.73 | 9.09 | 10.09 | 12.72 | 15.12 | 13.70 | 14.85 | 18.38 |
| Working capital turnover | 1.87 | 3.90 | 3.68 | 3.96 | 3.76 | 3.59 | 3.52 | 3.45 | 3.27 | 3.18 | 3.43 | 3.85 | 3.39 | 3.24 | 3.07 | 2.76 | 3.22 | 3.77 | 4.25 | 3.60 |
Inventory turnover for CSW Industrials Inc has been relatively stable over the analyzed period, ranging from 3.19 to 6.02. This ratio indicates the efficiency of the company in managing its inventory levels, with higher numbers suggesting a faster turnover. The company's inventory turnover has generally been around 4 times a year, indicating a moderate efficiency in converting inventory into sales.
Receivables turnover has fluctuated over the analyzed period, ranging from 4.34 to 7.44. This ratio reflects the speed at which the company collects its accounts receivable, with higher values indicating a faster collection process. CSW Industrials Inc's receivables turnover has shown variability but has generally remained at a moderate level, suggesting efficient management of receivables.
Payables turnover for the company has also fluctuated over time, varying between 9.09 and 18.38. This ratio reflects how quickly the company pays its suppliers, with higher values suggesting a shorter payment period. CSW Industrials Inc's payables turnover indicates that the company has generally managed its payables efficiently, with some variability in payment terms.
Working capital turnover has shown some fluctuations over the analyzed period, ranging from 2.76 to 4.25. This ratio measures how effectively the company utilizes its working capital to generate sales, with higher values indicating a more efficient use of working capital. CSW Industrials Inc's working capital turnover suggests that the company has been relatively efficient in utilizing its working capital to generate sales, with fluctuations observed over time.
Average number of days
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 97.63 | 85.24 | 83.58 | 85.53 | 85.34 | 89.47 | 91.99 | 111.88 | 112.84 | 111.30 | 108.05 | 95.99 | 91.22 | 97.57 | 114.50 | 113.50 | 60.62 | 68.00 | 65.49 | 64.23 |
| Days of sales outstanding (DSO) | days | 58.69 | 63.97 | 65.57 | 49.06 | 59.59 | 60.93 | 59.12 | 51.22 | 65.58 | 78.96 | 71.55 | 56.47 | 72.75 | 83.46 | 84.19 | 71.21 | 67.64 | 69.66 | 70.81 | 55.47 |
| Number of days of payables | days | 33.58 | 29.91 | 26.83 | 24.53 | 26.59 | 26.35 | 23.14 | 26.43 | 33.00 | 35.73 | 34.43 | 29.77 | 31.12 | 40.16 | 36.19 | 28.68 | 24.13 | 26.64 | 24.58 | 19.86 |
CSW Industrials Inc's activity ratios reveal important insights into the management of its operating assets and liabilities.
1. Days of Inventory on Hand (DOH): Over the periods analyzed, CSW Industrials Inc has shown some fluctuation in its DOH metric. The company's ability to manage its inventory levels has improved in recent quarters, as indicated by the decreasing trend in days of inventory on hand. This suggests that the company is becoming more efficient in selling its inventory.
2. Days of Sales Outstanding (DSO): CSW Industrials Inc's DSO metric indicates the average number of days it takes for the company to collect its accounts receivable. The decreasing trend in DSO over the periods suggests that the company has been successful in speeding up its collection process, thus improving its cash flow and liquidity position.
3. Number of Days of Payables: The trend in the number of days of payables suggests that CSW Industrials Inc has been managing its accounts payable well. The increasing trend in days of payables indicates that the company is taking longer to pay its suppliers, potentially improving its working capital management.
Overall, the analysis of CSW Industrials Inc's activity ratios shows that the company has been making progress in efficiently managing its inventory, collecting its accounts receivable more quickly, and optimizing its payment to suppliers. This indicates effective management of working capital and operational efficiency.
Long-term
| 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 | Dec 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 8.84 | 8.84 | 8.56 | 8.70 | 8.73 | 8.52 | 8.59 | 8.57 | 8.21 | 7.77 | 7.20 | 7.10 | 6.67 | 6.07 | 5.08 | 4.46 | 6.55 | 6.56 | 6.75 | 6.81 |
| Total asset turnover | 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 | 0.43 | 1.03 | 1.00 |
CSW Industrials Inc's fixed asset turnover ratio has been trending upwards over the past few quarters, indicating that the company is generating more sales relative to its investment in fixed assets. This signifies increased efficiency in utilizing its fixed assets to generate revenue.
On the other hand, the total asset turnover ratio of the company has shown some fluctuations but remains relatively stable. This ratio measures how effectively a company is utilizing all its assets to generate sales.
Overall, the fixed asset turnover ratio outperforms the total asset turnover ratio, suggesting that CSW Industrials Inc is more efficient in utilizing its fixed assets compared to its total assets to generate revenue. It is important for the company to continue monitoring and managing its asset turnover ratios to ensure optimal utilization of its resources for sustained growth and profitability.