DocuSign Inc (DOCU)
Activity ratios
Short-term
Turnover ratios
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 4,532.26 | 4,132.58 | 3,802.11 |
| Receivables turnover | 6.93 | 9.69 | 9.21 | 9.16 | 6.27 | 7.50 | 6.38 | 6.32 | 4.85 | 5.75 | 6.86 | 7.38 | 4.76 | 6.26 | 6.13 | 6.26 | 4.30 | 4.85 | 5.04 | 4.65 |
| Payables turnover | 71.94 | 121.88 | 271.55 | 124.98 | 116.15 | 148.41 | 380.39 | 149.72 | 87.90 | 44.82 | 45.08 | 72.90 | 34.39 | 34.94 | 47.19 | 100.35 | 36.94 | 39.42 | 35.01 | 49.51 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | 78.79 | 113.48 | 118.11 | — | — | — | 115.92 | 20.10 | 190.03 | 9.94 | 3.27 |
DocuSign Inc's activity ratios provide insights into the efficiency of the company's operations.
1. Inventory Turnover: This ratio measures how quickly DocuSign is selling its inventory. From April 2020 to October 2020, the inventory turnover increased steadily, indicating the company was managing its inventory more efficiently. However, the lack of data for later periods makes it difficult to assess the trend beyond October 2020.
2. Receivables Turnover: This ratio indicates how efficiently DocuSign is collecting on its credit sales. The receivables turnover improved from April 2020 to April 2024, showing that the company was collecting its receivables at a faster rate over time. This is a positive sign of effective accounts receivable management.
3. Payables Turnover: This ratio measures how quickly DocuSign pays its suppliers. A higher turnover ratio suggests that the company is paying its suppliers more frequently. The payables turnover fluctuated over the periods, with some periods showing substantial increases in the turnover ratio, indicating changes in the company's payment practices and relationship with suppliers.
4. Working Capital Turnover: This ratio reflects how well DocuSign is utilizing its working capital to generate sales. The working capital turnover increased significantly from April 2020 to October 2020, indicating efficient use of working capital to support sales growth. The lack of data for later periods limits comprehensive analysis of the trend beyond October 2020.
Overall, improvements in these activity ratios demonstrate DocuSign's efforts to operate more efficiently and effectively manage its resources. However, the absence of data for later periods constrains a complete assessment of the company's recent performance in terms of activity ratios.
Average number of days
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.08 | 0.09 | 0.10 |
| Days of sales outstanding (DSO) | days | 52.68 | 37.67 | 39.62 | 39.84 | 58.20 | 48.69 | 57.18 | 57.77 | 75.18 | 63.46 | 53.17 | 49.46 | 76.61 | 58.31 | 59.59 | 58.27 | 84.94 | 75.30 | 72.35 | 78.45 |
| Number of days of payables | days | 5.07 | 2.99 | 1.34 | 2.92 | 3.14 | 2.46 | 0.96 | 2.44 | 4.15 | 8.14 | 8.10 | 5.01 | 10.61 | 10.45 | 7.73 | 3.64 | 9.88 | 9.26 | 10.43 | 7.37 |
DocuSign Inc has shown a consistent improvement in its Days of Inventory on Hand (DOH) ratio over the analyzed period, decreasing from 0.10 days as of April 30, 2020, to reaching zero days as of July 31, 2020, and maintaining this level throughout subsequent periods. This indicates that the company is efficiently managing its inventory levels and quickly converting them into sales.
On the other hand, the Days of Sales Outstanding (DSO) ratio has displayed fluctuations during the period under review. It decreased significantly from 78.45 days as of April 30, 2020, to 39.62 days as of July 31, 2024. This suggests that the company has been successful in collecting its accounts receivable faster, which could be a positive sign for its liquidity and cash flow management.
The Number of Days of Payables ratio demonstrates a varied trend for DocuSign Inc. It decreased sharply from 7.37 days as of April 30, 2020, to 0.96 days as of July 31, 2023, before increasing slightly to 5.07 days as of January 31, 2025. This indicates changes in the company's payment practices to suppliers, potentially impacting its working capital management.
Overall, these activity ratios reflect DocuSign Inc's efficient inventory management, improved collection of receivables, and changing payment terms with suppliers over the analyzed period.
Long-term
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 9.94 | 10.45 | 10.75 | 10.97 | 11.24 | 11.70 | 11.98 | 12.53 | 12.55 | 12.39 | 12.52 | 12.09 | 11.38 | 10.76 | 10.02 | 9.56 | 8.42 | 7.93 | 7.52 | 7.61 |
| Total asset turnover | 0.74 | 0.77 | 0.76 | 0.96 | 0.93 | 0.81 | 0.81 | 0.82 | 0.83 | 0.89 | 0.87 | 0.86 | 0.83 | 0.79 | 0.74 | 0.68 | 0.60 | 0.62 | 0.55 | 0.53 |
DocuSign Inc's fixed asset turnover ratio has shown a consistent upward trend from April 30, 2020, to April 30, 2023, indicating that the company is generating more revenue per dollar invested in fixed assets over time. However, there was a slight decline in the ratio from April 30, 2023, to January 31, 2024, suggesting a potential decrease in efficiency in utilizing fixed assets during that period.
On the other hand, the total asset turnover ratio saw fluctuations over the same period, with a notable increase from April 30, 2020, to October 31, 2021. However, the ratio declined thereafter until January 31, 2024, before showing a slight improvement by January 31, 2025. This indicates that while the company was generating higher revenue relative to its total assets in the initial period, there was a decrease in efficiency in utilizing total assets in the subsequent period.
Overall, the analysis of DocuSign's long-term activity ratios suggests that the company may have experienced fluctuations in asset turnover efficiency over time, with varying degrees of performance in utilizing both fixed and total assets to generate revenue.