Dynatrace Holdings LLC (DT)

Activity ratios

Short-term

Turnover ratios

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 — 10.78 11.06 10.79 10.40 11.62 12.62 12.32 11.31 11.38 11.64 11.04 10.56 7.71 8.25 15.20 16.01
Receivables turnover 2.40 3.85 5.00 5.18 2.60 3.61 5.61 5.16 2.38 3.31 5.46 5.68 2.49 3.16 4.05 4.27 2.69
Payables turnover 47.38 73.37 58.77 147.69 39.32 56.16 172.99 157.21 31.16 29.65 38.19 164.07 53.77 40.47 57.99 157.69 55.49
Working capital turnover 4.24 4.25 5.36 7.07 14.31 — 7.32 8.96 11.25 8.83 13.96 19.43 21.85 27.50 65.06 782.54 —

1. Inventory turnover:
- The inventory turnover ratio has been relatively stable over the past five quarters, averaging around 11 times per year.
- This indicates that Dynatrace Holdings LLC is efficiently managing its inventory and quickly turning over its stock.

2. Receivables turnover:
- The receivables turnover ratio has shown some fluctuations but has generally been between 2.5 to 5.5 times per year.
- This suggests that the company collects its accounts receivables at a moderate pace, with some variability in collection efficiency.

3. Payables turnover:
- The payables turnover ratio has varied significantly, ranging from around 30 to 175 times per year.
- This implies that Dynatrace Holdings LLC is able to effectively manage its accounts payables, paying suppliers at different rates depending on the quarter.

4. Working capital turnover:
- The working capital turnover ratio has been highly variable, with a wide range of values, including a very high value in the last quarter.
- This may indicate fluctuations in the company's operating cycle and the efficiency with which it utilizes its working capital.

Overall, Dynatrace Holdings LLC has shown efficiency in managing its inventory and payables, with some variability in the efficiency of collecting receivables and utilizing working capital.

Average number of days

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 — 33.87 33.00 33.82 35.11 31.42 28.91 29.62 32.28 32.07 31.35 33.06 34.56 47.36 44.24 24.01 22.79
Days of sales outstanding (DSO) days 152.34 94.78 72.96 70.50 140.26 101.11 65.03 70.76 153.29 110.14 66.83 64.27 146.51 115.64 90.23 85.45 135.65
Number of days of payables days 7.70 4.98 6.21 2.47 9.28 6.50 2.11 2.32 11.71 12.31 9.56 2.22 6.79 9.02 6.29 2.31 6.58

The Days of Inventory on Hand (DOH) ratio measures how many days, on average, a company holds its inventory before selling it. Over the past four quarters, Dynatrace Holdings LLC has shown a relatively stable trend, with the DOH ranging from 28.91 days to 35.11 days. This indicates that the company effectively manages its inventory levels, neither overstocking nor running out of inventory too quickly.

The Days of Sales Outstanding (DSO) ratio reveals the average number of days it takes for a company to collect its accounts receivable. Dynatrace's DSO has fluctuated significantly over the past quarters, ranging from 65.03 days to 153.29 days. A rising trend in DSO could suggest potential issues with the company's credit policies or collection efficiency.

The Number of Days of Payables ratio reflects how long a company takes to pay its suppliers. Dynatrace's payables period ranges from 2.11 days to 12.31 days over the past quarters, indicating variability in the company's payment practices. A shorter payables period may signify a competitive advantage in negotiating favorable payment terms with suppliers, while a longer period could indicate financial stress or strained relationships with vendors.

Overall, the analysis of Dynatrace Holdings LLC's activity ratios suggests effective inventory management, potential challenges in accounts receivable collection efficiency, and fluctuations in payment practices with suppliers. Continuous monitoring and optimization of these ratios can help the company maintain a healthy balance in its working capital management.

Long-term

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 27.57 28.19 28.00 22.68 21.67 21.75 22.80 21.61 20.59 20.86 20.35 20.11 19.16 18.81 18.42 17.36 17.47
Total asset turnover 0.43 0.46 0.47 0.45 0.42 0.46 0.43 0.41 0.37 0.37 0.36 0.34 0.31 0.31 0.30 0.29 0.27

The fixed asset turnover ratio for Dynatrace Holdings LLC has remained relatively stable over the past few quarters, ranging from 18.42 to 28.19. This indicates that the company is generating revenue efficiently from its fixed assets such as property, plant, and equipment. A higher fixed asset turnover ratio suggests that the company is utilizing its fixed assets effectively to generate sales.

On the other hand, the total asset turnover ratio has fluctuated between 0.27 and 0.47 during the same period. This ratio indicates the company's ability to generate sales relative to its total assets. A higher total asset turnover ratio suggests that the company is generating more revenue per dollar of assets. The fluctuations in this ratio could be attributed to changes in the company's sales volume and asset base.

Overall, the fixed asset turnover ratio for Dynatrace Holdings LLC is relatively high and stable, whereas the total asset turnover ratio has shown more variability. These ratios suggest that the company is efficiently using its fixed assets to generate revenue and has been able to effectively utilize its total assets to drive sales.