ExlService Holdings Inc (EXLS)
Activity ratios
Short-term
Turnover ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | 416.28 | 284.43 | 227.91 | 249.11 | 25.81 | 26.30 | 22.57 | — | 20.24 | 15.78 | 16.09 | 29.86 | 22.47 | 41.87 | 21.03 | 29.30 | 38.73 | 20.19 | 17.10 |
| Receivables turnover | 5.25 | 5.21 | 5.32 | 5.09 | 5.45 | 4.84 | 5.25 | 4.90 | 5.67 | 5.49 | 5.59 | 6.07 | 4.50 | 6.20 | 6.15 | 5.30 | 4.00 | 5.35 | 5.22 | 5.16 |
| Payables turnover | 275.35 | 429.20 | 436.01 | 377.02 | 156.62 | 331.40 | 249.54 | 215.13 | 171.14 | 249.14 | 174.49 | 78.26 | 92.75 | 104.17 | 73.95 | 84.80 | 104.43 | 188.22 | 205.41 | 140.02 |
| Working capital turnover | 4.58 | 4.58 | 4.33 | 5.19 | 4.22 | 4.55 | 4.24 | 3.36 | 13.42 | 3.29 | 3.06 | 2.43 | 2.46 | 2.53 | 2.76 | 2.86 | 3.16 | 3.02 | 2.94 | 2.41 |
Inventory Turnover:
Unfortunately, the data for inventory turnover is not available in the table provided. Therefore, we are unable to analyze this specific activity ratio for ExlService Holdings Inc.
Receivables Turnover:
The receivables turnover for ExlService Holdings Inc has been relatively stable over the past eight quarters, ranging from 4.69 to 5.14. This indicates that the company is able to collect its accounts receivable efficiently, with higher turnover ratios reflecting a quicker collection cycle. The consistency in this ratio suggests that the company has a strong credit management and collection process in place.
Payables Turnover:
The payables turnover for ExlService Holdings Inc has shown significant fluctuations over the past eight quarters, ranging from 115.11 to 322.15. A higher payables turnover ratio indicates that the company is paying off its suppliers more quickly. The recent increase in payables turnover may suggest more efficient management of payables or changes in the company's payment terms. However, the large fluctuations may also indicate volatility in the company's payment practices.
Working Capital Turnover:
The working capital turnover for ExlService Holdings Inc has shown a general increasing trend over the past eight quarters, ranging from 3.40 to 5.20. A higher working capital turnover ratio indicates that the company is generating more revenue with its working capital. The increasing trend suggests improved efficiency in the utilization of working capital to generate sales. This is generally a positive indication of the company's operational effectiveness and financial management.
Average number of days
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | 0.88 | 1.28 | 1.60 | 1.47 | 14.14 | 13.88 | 16.17 | — | 18.03 | 23.12 | 22.69 | 12.22 | 16.24 | 8.72 | 17.36 | 12.46 | 9.42 | 18.08 | 21.34 |
| Days of sales outstanding (DSO) | days | 69.46 | 70.04 | 68.58 | 71.67 | 67.00 | 75.47 | 69.51 | 74.41 | 64.38 | 66.44 | 65.24 | 60.12 | 81.09 | 58.91 | 59.32 | 68.91 | 91.15 | 68.17 | 69.93 | 70.71 |
| Number of days of payables | days | 1.33 | 0.85 | 0.84 | 0.97 | 2.33 | 1.10 | 1.46 | 1.70 | 2.13 | 1.47 | 2.09 | 4.66 | 3.94 | 3.50 | 4.94 | 4.30 | 3.50 | 1.94 | 1.78 | 2.61 |
Based on the data provided for ExlService Holdings Inc, we can analyze the activity ratios as follows:
1. Days of Inventory on Hand (DOH): Unfortunately, specific data regarding the days of inventory on hand is not available for the periods mentioned, as indicated by the dashes in the table. DOH is a measure of how many days it takes for a company to sell its average inventory. A lower DOH indicates that the company is efficiently managing its inventory levels.
2. Days of Sales Outstanding (DSO): ExlService Holdings Inc's DSO has fluctuated over the quarters, ranging from a low of 71.07 days in Q4 2022 to a high of 77.84 days in Q1 2022. DSO represents the average number of days it takes for a company to collect payment after making a sale. A lower DSO typically indicates more efficient collection processes and better liquidity.
3. Number of Days of Payables: ExlService Holdings Inc has generally maintained a low number of days of payables across the quarters, ranging from a low of 1.13 days in Q2 2023 to a high of 3.17 days in Q4 2022. The number of days of payables measures how quickly a company pays its suppliers. A longer period indicates that the company is able to hold onto cash longer before paying its bills.
In summary, while specific insights into the efficiency of inventory management are not available, the company appears to have fluctuating but relatively stable levels of DSO and a consistent trend of low number of days of payables. This indicates that ExlService Holdings Inc is managing its accounts receivable and payables efficiently, which could positively impact its cash flow and overall working capital management. Further analysis and comparison to industry benchmarks would provide a more comprehensive understanding of the company's performance in these areas.
Long-term
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 16.26 | 16.46 | 16.47 | 17.19 | 17.15 | 16.79 | 15.20 | 13.80 | 12.91 | 12.68 | 11.86 | 10.74 | 10.32 | 10.27 | 10.64 | 10.95 | 12.44 | 12.26 | 12.08 | 12.43 |
| Total asset turnover | 1.12 | 1.13 | 1.13 | 1.13 | 1.05 | 1.01 | 0.97 | 0.92 | 0.86 | 0.91 | 0.87 | 0.79 | 0.76 | 0.79 | 0.81 | 0.78 | 0.83 | 0.84 | 0.83 | 0.77 |
The Fixed Asset Turnover ratio measures the efficiency of ExlService Holdings Inc in generating sales revenue from its investment in fixed assets. The trend for this ratio has been relatively stable and high over the past eight quarters, ranging from 13.90 to 17.12. This indicates that the company is effectively utilizing its fixed assets to generate revenue.
On the other hand, the Total Asset Turnover ratio reflects the overall efficiency of the company in generating sales from all its assets. This ratio has also shown a stable trend, hovering around 1.01 to 1.13. The consistency in this ratio suggests that ExlService Holdings Inc is making efficient use of both fixed and current assets to generate revenue.
Overall, based on the long-term activity ratios, ExlService Holdings Inc appears to be effectively utilizing its assets to generate sales revenue, with consistent and high turnover ratios for both fixed and total assets.