Exponent Inc (EXPO)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 3.21 | 2.98 | 3.04 | 3.03 | 3.02 | 3.01 | — | — | 3.33 | — | — | — | 3.58 | — | — | — | — | — | — | — |
| Payables turnover | 78.69 | — | — | — | 34.13 | — | — | — | 93.90 | — | — | — | 82.28 | — | — | — | 60.19 | — | — | — |
| Working capital turnover | 2.47 | 2.53 | 2.43 | 2.51 | 2.70 | 2.57 | 2.27 | 1.79 | 1.56 | 1.57 | 1.59 | 1.55 | 1.60 | 1.75 | 1.82 | 1.96 | 1.74 | 1.59 | 1.63 | 1.64 |
Exponent Inc's activity ratios indicate how efficiently the company manages its assets and liabilities.
1. Receivables Turnover:
- Exponent Inc's receivables turnover has been relatively stable, ranging from 2.98 to 3.21 over the past quarters. This ratio shows that the company collects its outstanding receivables approximately 3 times a year on average.
2. Payables Turnover:
- The payables turnover ratio has been fluctuating, with significant variations in values, such as 34.13, 78.69, and 93.90. A higher turnover implies that Exponent Inc is paying its suppliers more quickly.
3. Working Capital Turnover:
- Exponent Inc's working capital turnover has ranged from 1.55 to 2.70, indicating the efficiency of the company in generating revenue relative to its working capital. A higher turnover value suggests that the company is effectively using its working capital to support sales.
Overall, Exponent Inc's activity ratios show mixed results, with stability in receivables turnover, fluctuations in payables turnover, and varying efficiency in working capital turnover. Monitoring these ratios over time can provide insights into the company's operational efficiency and liquidity 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 113.80 | 122.58 | 119.94 | 120.29 | 120.97 | 121.33 | — | — | 109.48 | — | — | — | 101.83 | — | — | — | — | — | — | — |
| Number of days of payables | days | 4.64 | — | — | — | 10.69 | — | — | — | 3.89 | — | — | — | 4.44 | — | — | — | 6.06 | — | — | — |
Exponent Inc's activity ratios provide insights into the efficiency of its operations. The days of inventory on hand (DOH) information is not available for analysis in the provided data.
1. Days of Sales Outstanding (DSO):
- The DSO has been fluctuating over the quarters, ranging from 101.83 days to 122.58 days.
- A high DSO indicates that it takes a longer time for Exponent Inc to collect revenue from sales, which may tie up cash flow.
- It is noteworthy to monitor the trend and aim to reduce the DSO to improve liquidity and working capital management.
2. Number of Days of Payables:
- The number of days of payables has been inconsistent, with values ranging from 3.89 days to 10.69 days.
- A lower number of days of payables suggests that Exponent Inc is paying its suppliers more quickly.
- Monitoring this ratio is essential to manage cash flow effectively and maintain good relationships with suppliers.
In summary, while the DSO and number of days of payables ratios have been fluctuating, it is crucial for Exponent Inc to focus on improving the collection of receivables and managing payables efficiently to enhance liquidity and operational efficiency.
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 | 7.13 | 7.10 | 6.97 | 7.57 | 7.83 | 7.77 | 7.64 | 7.83 | 7.77 | 7.59 | 7.26 | 6.79 | 6.68 | 6.74 | 6.79 | 6.97 | 6.77 | 6.73 | 7.00 | 7.51 |
| Total asset turnover | 0.83 | 0.90 | 0.89 | 0.93 | 0.87 | 0.89 | 0.86 | 0.77 | 0.68 | 0.71 | 0.71 | 0.71 | 0.69 | 0.76 | 0.80 | 0.88 | 0.74 | 0.73 | 0.75 | 0.78 |
Exponent Inc's long-term activity ratios provide insight into the efficiency of the company in managing its fixed and total assets to generate revenue over the given period.
The fixed asset turnover ratio indicates how efficiently the company is utilizing its fixed assets to generate sales. The ratio has exhibited consistency over time, ranging from 6.79 to 7.83. This suggests that Exponent Inc has maintained a stable level of efficiency in generating revenue from its fixed assets.
On the other hand, the total asset turnover ratio reflects the company's overall efficiency in using all assets to generate sales. The ratio fluctuates, with values ranging from 0.68 to 0.93. This indicates some variability in the company's ability to generate revenue from its total assets, potentially influenced by changes in business operations or asset structure.
Overall, while the fixed asset turnover ratio indicates consistent efficiency in utilizing fixed assets, the total asset turnover ratio shows some variability in the efficiency of generating revenue from all assets. Further analysis and comparison with industry benchmarks may provide more insights into Exponent Inc's long-term activity performance.