Entegris Inc (ENTG)

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 2.75 2.74 2.91 3.08 3.34 3.17 2.97 2.49 2.32 2.04 2.36 2.38 2.61 2.76 2.90 2.96 3.12 2.89 2.77 2.97
Receivables turnover 6.54 6.37 7.18 7.94 7.71 7.90 8.63 — 6.13 — — — 6.62 — — — — — — —
Payables turnover 9.08 10.10 13.03 14.68 15.10 15.04 16.66 12.36 10.93 8.97 9.41 9.71 9.48 9.83 12.11 11.40 12.37 13.62 11.46 10.94
Working capital turnover 2.97 2.84 2.89 3.05 2.41 1.62 1.62 2.12 2.09 2.15 0.73 2.44 2.46 2.26 2.32 2.00 2.00 1.97 1.77 2.11

Entegris Inc's inventory turnover ratio has shown fluctuations over the years, ranging from a low of 2.04 in September 2022 to a high of 3.34 in December 2023. Generally, the ratio has trended downwards in recent periods, indicating a decrease in the efficiency of inventory management.

The receivables turnover ratio was not available for the majority of the periods under review, suggesting that the company may not provide credit sales or its customers pay promptly. However, when data was present, the ratio improved from 6.62 in December 2021 to 7.71 in December 2023, indicating a more efficient collection of receivables.

In terms of payables turnover, Entegris Inc has generally maintained a stable ratio over the years, with a slight decrease from 15.10 in December 2023 to 9.08 in December 2024. This implies that the company is taking longer to pay its suppliers, which could impact relationships with vendors.

The working capital turnover ratio has varied significantly, with a notable decline from 2.44 in March 2022 to 0.73 in June 2022, indicating a potential strain on working capital efficiency during that period. However, the ratio improved in subsequent periods, reaching a peak of 3.05 in March 2024, indicating a better utilization of working capital to generate sales.

Overall, these activity ratios provide insights into Entegris Inc's operational efficiency and effectiveness in managing its inventory, receivables, payables, and working capital. Monitoring these ratios can help investors and stakeholders assess the company's financial health and performance over time.

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 132.74 133.39 125.31 118.64 109.35 115.08 122.76 146.77 157.34 178.50 154.70 153.05 139.97 132.05 125.70 123.49 117.12 126.39 131.92 122.96
Days of sales outstanding (DSO) days 55.78 57.33 50.80 45.94 47.34 46.21 42.28 — 59.55 — — — 55.16 — — — — — — —
Number of days of payables days 40.21 36.13 28.01 24.87 24.18 24.27 21.91 29.53 33.39 40.68 38.81 37.58 38.51 37.12 30.15 32.02 29.51 26.80 31.85 33.35

Entegris Inc's Days of Inventory on Hand (DOH) shows an increasing trend over the years, reaching a peak of 178.50 days as of September 30, 2022, before declining to 109.35 days as of December 31, 2023. This suggests that the company is holding inventory for a longer period before selling it, which may tie up capital and increase carrying costs.

For Days of Sales Outstanding (DSO), the data is missing for several periods, but it can be seen that the DSO increased to 55.16 days as of December 31, 2021, and continued to rise to 57.33 days as of September 30, 2024. A higher DSO indicates that it takes the company longer to collect payments from customers, which could impact cash flow and liquidity.

The Number of Days of Payables indicates the average number of days it takes the company to pay its suppliers. The trend shows fluctuations, but generally, the days of payables have been increasing over the years, from 33.35 days as of March 31, 2020, to 40.21 days as of December 31, 2024. This suggests that the company may be taking longer to pay its suppliers, which could impact supplier relationships and potentially indicate cash flow issues.

Overall, the analysis of Entegris Inc's activity ratios indicates potential concerns regarding inventory management, accounts receivable collection, and payment to suppliers. These trends could signify inefficiencies in working capital management that may need to be addressed to improve the company's financial performance and operational 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 2.00 2.08 2.20 2.29 2.40 2.60 2.76 2.43 2.36 2.15 3.28 3.49 3.51 3.65 3.70 3.61 3.54 3.61 3.54 3.40
Total asset turnover 0.39 0.38 0.39 0.40 0.40 0.37 0.38 0.35 0.32 0.29 0.44 0.74 0.72 0.72 0.73 0.67 0.64 0.63 0.60 0.62

The fixed asset turnover ratio of Entegris Inc has been gradually declining from 3.40 in March 2020 to 2.00 in December 2024. This indicates that the company is generating slightly less revenue per dollar of fixed assets over this period.

In contrast, the total asset turnover ratio showed some fluctuations, with a peak of 0.74 in March 2022 but generally decreasing towards the end of the period, standing at 0.39 in December 2024. This suggests a decline in the company's efficiency in generating sales from its total assets.

Overall, the decline in both fixed asset turnover and total asset turnover ratios may indicate a potential inefficiency in asset utilization and revenue generation for Entegris Inc over the analyzed period. Further analysis would be needed to determine the underlying reasons for these trends and their impact on the company's financial performance and operational effectiveness.