Dana Inc (DAN)
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 | 6.10 | 5.58 | 6.09 | 6.00 | 5.76 | 5.66 | 5.55 | 5.53 | 5.84 | 5.72 | 5.54 | 5.14 | 5.18 | 5.08 | 5.33 | 5.38 | 5.64 | 5.84 | 5.78 | 6.06 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 9.01 | 7.80 | 8.07 | 6.93 | 7.03 | 6.85 | 6.51 | 7.61 | 7.52 | 7.62 | 7.08 | 6.67 | 6.33 | 6.14 | 5.91 | 5.31 | 5.28 | 3.95 | 4.30 | 6.76 |
The inventory turnover ratio for Dana Inc has shown a relatively stable trend over the past few years, ranging between 5.08 and 6.10 times. This indicates that the company is efficiently managing its inventory levels, with the ability to sell and replace its inventory multiple times throughout the year.
On the other hand, the receivables turnover and payables turnover ratios have been unavailable for analysis as the data is not provided. These ratios are essential for assessing how quickly the company collects payments from customers and pays its suppliers, respectively.
The working capital turnover ratio for Dana Inc has exhibited fluctuations over the years, ranging from 3.95 to 9.01. A higher working capital turnover ratio suggests that the company is effectively generating revenue from its working capital, indicating efficient utilization of its current assets to generate sales.
Overall, Dana Inc's inventory turnover and working capital turnover ratios reflect a sound operational performance in terms of managing inventory and working capital efficiently. However, without information on receivables and payables turnover ratios, a comprehensive analysis of the company's liquidity and efficiency in managing receivables and payables is not possible.
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 | 59.88 | 65.47 | 59.92 | 60.88 | 63.36 | 64.46 | 65.82 | 66.03 | 62.52 | 63.85 | 65.90 | 71.05 | 70.41 | 71.79 | 68.54 | 67.86 | 64.67 | 62.46 | 63.11 | 60.27 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data, let's analyze the activity ratios of Dana Inc:
1. Days of Inventory on Hand (DOH):
- The average DOH for Dana Inc over the period from March 31, 2020, to December 31, 2024, was approximately 64 days.
- The trend in DOH shows some fluctuations but generally remains within the range of 59 to 72 days.
- A decreasing trend is observed from September 2022 to December 2024, indicating better inventory management efficiency during these periods.
- Overall, Dana Inc appears to maintain its inventory for about 2 months on average.
2. Days of Sales Outstanding (DSO):
- The data provided does not include information on DSO, making it difficult to analyze Dana Inc's collection efficiency.
- Without DSO data, it is challenging to assess how quickly the company is collecting its receivables from customers.
3. Number of Days of Payables:
- Similar to DSO, the data lacks information on the number of days of payables for Dana Inc.
- This missing data hinders our ability to evaluate the company's payment practices and relationships with suppliers.
In summary, based on the available information, we can conclude that Dana Inc has relatively stable inventory management practices, but a lack of data on DSO and payables prevents a comprehensive analysis of the company's overall activity efficiency.
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 | — | — | — | — | — | 4.12 | 4.04 | 4.04 | 4.06 | 4.22 | 3.96 | 3.74 | 3.66 | 3.72 | 3.58 | 3.13 | 2.91 | 3.24 | 3.33 | 3.86 |
| Total asset turnover | 1.37 | 1.33 | 1.36 | 1.35 | 1.33 | 1.34 | 1.30 | 1.31 | 1.36 | 1.29 | 1.21 | 1.14 | 1.17 | 1.16 | 1.12 | 0.98 | 0.96 | 0.93 | 1.04 | 1.16 |
Long-term activity ratios provide insights into a company's efficiency in managing its fixed and total assets to generate sales. Let's analyze Dana Inc's long-term activity ratios based on the provided data:
1. Fixed Asset Turnover:
- The fixed asset turnover ratio measures how efficiently the company is utilizing its fixed assets to generate revenue.
- Dana Inc's fixed asset turnover has shown a generally increasing trend from March 31, 2020, to September 30, 2023, indicating improved efficiency in utilizing its fixed assets.
- The ratio peaked at 4.22 on September 30, 2022, suggesting that Dana Inc was generating $4.22 in revenue for every dollar invested in fixed assets at that time.
- However, the ratio declined slightly to 4.12 by September 30, 2023, but still remained at a relatively high level.
- The data for December 31, 2023, and beyond are not available, so it is unclear how the fixed asset turnover performed in the later periods.
2. Total Asset Turnover:
- The total asset turnover ratio assesses how effectively the company is using all its assets to generate sales.
- Dana Inc's total asset turnover fluctuated over the years but generally exhibited an increasing trend up to December 31, 2024.
- The ratio ranged from 0.93 on September 30, 2020, to 1.37 on December 31, 2024, indicating that Dana Inc improved its efficiency in generating sales relative to its total assets during this period.
- The increasing trend suggests that Dana Inc was becoming more efficient in utilizing both fixed and current assets to generate revenue.
In conclusion, Dana Inc's long-term activity ratios, specifically the fixed asset turnover and total asset turnover, demonstrate improvements in asset utilization efficiency over the analyzed period. The company was able to generate more revenue for every dollar invested in both fixed and total assets, indicating positive operational performance in terms of asset management and revenue generation.