Exponent Inc (EXPO)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
| Working capital turnover | 1.97 | 2.47 | 2.70 | 1.56 | 1.60 |
Exponent Inc's activity ratios provide insights into how effectively the company manages its operations and assets.
1. Inventory Turnover: The data shows that Exponent Inc did not provide inventory turnover ratios for the years 2020 to 2024, indicating a lack of specific information on how efficiently the company is managing its inventory levels.
2. Receivables Turnover: Similar to inventory turnover, no data is available for the receivables turnover ratio across the years 2020 to 2024. This makes it challenging to assess how quickly the company collects outstanding receivables from its customers.
3. Payables Turnover: The data does not include payables turnover ratios for the years from 2020 to 2024. Payables turnover would typically indicate how efficiently the company is managing its accounts payable and paying off its vendors.
4. Working Capital Turnover: The working capital turnover ratios for the years provided are 1.60 in 2020, 1.56 in 2021, 2.70 in 2022, 2.47 in 2023, and 1.97 in 2024. This ratio indicates how efficiently the company is utilizing its working capital to generate revenue. An increasing trend in this ratio over time generally signifies improved efficiency in utilizing working capital.
In summary, based on the available data, Exponent Inc's working capital turnover ratio has shown some fluctuation over the years, with a peak in 2022. However, the lack of information on inventory turnover, receivables turnover, and payables turnover limits a comprehensive analysis of the company's overall activity ratios and operational efficiency.
Average number of days
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
The activity ratios for Exponent Inc, specifically the Days of Inventory on Hand (DOH), Days of Sales Outstanding (DSO), and Number of Days of Payables, have not been provided in the data for the years ending December 31, 2020 to December 31, 2024. Without this information, it is not possible to analyze the efficiency of Exponent Inc's inventory management, collection of accounts receivable, or payment of accounts payable during these periods. Monitoring these activity ratios over time can help assess the effectiveness of the company's operational processes and identify areas for improvement in managing working capital and cash flow.
Long-term
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 6.14 | 6.27 | 6.68 |
| Total asset turnover | 0.72 | 0.83 | 0.87 | 0.68 | 0.69 |
Exponent Inc's Fixed Asset Turnover ratio has shown a gradual decline over the years, decreasing from 6.68 in 2020 to 6.14 in 2022. This ratio indicates that the company generated $6.68 and $6.14 in revenue for every dollar invested in fixed assets in 2020 and 2022, respectively. The lack of data for 2023 and 2024 makes it challenging to assess the trend further.
On the other hand, the Total Asset Turnover ratio for Exponent Inc fluctuated during the period under consideration. It decreased slightly from 0.69 in 2020 to 0.68 in 2021 before significantly increasing to 0.87 in 2022. This suggests that the company has been more efficient in generating sales relative to its total assets in 2022. However, the ratio declined to 0.83 in 2023 and further down to 0.72 in 2024, indicating a potential decrease in sales generated per dollar invested in total assets.
Overall, while the Fixed Asset Turnover ratio reflects the efficiency of Exponent Inc in utilizing its fixed assets to generate revenue, the fluctuating trend in the Total Asset Turnover ratio suggests varying levels of efficiency in utilizing its total assets to generate sales over the years.