Dynavax Technologies Corporation (DVAX)
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 | 0.71 | 0.72 | 0.72 | 0.75 | 0.94 | 2.41 | 3.15 | 4.11 | 4.41 | 2.52 | 3.48 | 2.39 | 2.83 | 1.54 | 0.55 | 0.49 | 0.22 | 0.25 | 0.31 | 0.42 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 0.36 | 0.30 | 0.30 | 0.30 | 0.29 | 0.46 | 0.61 | 0.89 | 1.35 | 1.06 | 1.10 | 0.99 | 8.64 | 0.82 | 0.45 | 0.37 | 0.31 | 0.17 | 0.16 | 0.24 |
Based on the provided data for Dynavax Technologies Corporation, let's analyze the activity ratios:
1. Inventory Turnover:
- The inventory turnover ratio measures how efficiently a company manages its inventory. Dynavax's inventory turnover has shown improvement over the years, increasing from 0.42 in March 2020 to 0.71 in December 2024. A higher inventory turnover indicates that the company is selling its products more quickly.
2. Receivables Turnover:
- Unfortunately, there is no data available for the receivables turnover ratio. This ratio would have provided insights into how efficiently the company collects payments from its customers.
3. Payables Turnover:
- Similar to receivables turnover, data for payables turnover is not available. This ratio would have indicated how quickly the company pays its suppliers.
4. Working Capital Turnover:
- The working capital turnover ratio measures how effectively the company uses its working capital to generate sales. Dynavax's working capital turnover has varied over the years, from 0.16 in June 2020 to 8.64 in December 2021. A higher ratio suggests that the company is efficiently using its working capital to generate sales.
Overall, based on the data available, Dynavax has made progress in managing its inventory efficiently, but further insights could have been obtained if data for receivables and payables turnover were provided.
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 | 517.13 | 509.27 | 508.12 | 485.97 | 387.72 | 151.60 | 115.98 | 88.89 | 82.77 | 144.78 | 104.89 | 152.71 | 128.98 | 237.06 | 663.48 | 741.63 | 1,671.21 | 1,477.65 | 1,188.88 | 879.21 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data for Dynavax Technologies Corporation, we can analyze the activity ratios as follows:
1. Days of Inventory on Hand (DOH):
- The DOH for Dynavax Technologies Corporation has shown significant fluctuations over the years.
- In general terms, DOH measures how many days a company's inventory will last. A lower DOH is preferable as it indicates quicker turnover of inventory.
- From the data, we observe a decreasing trend in the DOH from 879.21 days on March 31, 2020, to 517.13 days on December 31, 2024.
- However, it is worth noting that there are occasional spikes in the DOH, such as the peak at 1,671.21 days on December 31, 2020.
- Overall, a decreasing trend in the DOH indicates an improvement in inventory management efficiency for the company.
2. Days of Sales Outstanding (DSO):
- The data provided does not include information on Days of Sales Outstanding (DSO) for Dynavax Technologies Corporation.
- DSO measures the average number of days a company takes to collect revenue after a sale. A lower DSO is generally more favorable, as it reflects quicker receipt of cash from customers.
3. Number of Days of Payables:
- Similar to DSO, the data does not contain details on the Number of Days of Payables for the company.
- The Number of Days of Payables ratio represents the average number of days a company takes to pay its suppliers. A higher number of days indicates that the company takes longer to pay its bills.
In conclusion, the analysis of Dynavax Technologies Corporation's activity ratios, specifically focusing on Days of Inventory on Hand, reveals an overall improving trend in inventory management efficiency. It would be beneficial to complement this analysis with other activity ratios, such as DSO and Number of Days of Payables, to provide a more comprehensive assessment of the company's operational performance.
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 | — | — | — | — | — | 5.91 | 7.31 | 17.18 | 19.22 | 20.74 | 18.57 | 12.91 | 7.21 | 7.71 | 2.93 | 3.88 | 1.52 | 1.24 | 1.14 | 1.31 |
| Total asset turnover | 0.28 | 0.25 | 0.25 | 0.24 | 0.23 | 0.37 | 0.49 | 0.68 | 0.73 | 0.73 | 0.66 | 0.47 | 0.42 | 0.29 | 0.26 | 0.24 | 0.13 | 0.11 | 0.11 | 0.16 |
The fixed asset turnover ratio for Dynavax Technologies Corporation shows a significant fluctuation over the years, starting at 1.31 in March 2020, dropping to lows of 1.14 and 1.24 in June and September 2020, respectively, and then steadily increasing to reach peaks of 18.57 in June 2022 and 20.74 in September 2022. However, the ratio saw a decline in the subsequent periods, dropping to 7.31 in June 2023, and further down to 5.91 by September 2023. The fixed asset turnover ratio is critical as it indicates the efficiency with which the company is using its fixed assets to generate sales.
On the other hand, the total asset turnover ratio, which measures the efficiency of the company in using all of its assets to generate revenue, also exhibited fluctuations for Dynavax Technologies Corporation. The ratio started at a low of 0.16 in March 2020, gradually increased to 0.42 by December 2021, and peaked at 0.73 in September 2022, where it remained stable through December 2022. However, the ratio then started to decline, reaching 0.23 by December 2023 before slightly recovering to 0.28 by December 2024.
Overall, the trend in the long-term activity ratios for Dynavax Technologies Corporation signals fluctuating levels of asset efficiency over time, with variations in the utilization of fixed assets and total assets to generate revenue. These changes may suggest shifts in the company's operational strategies, investment decisions, or overall business performance.