Fortune Brands Innovations Inc. (FBIN)
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 | 3.09 | 4.13 | 4.13 | 3.96 | 4.08 | 3.92 | 3.45 | 3.25 | 2.73 | 1.90 | 2.00 | 2.16 | 3.19 | 2.81 | 3.33 | 3.81 | 4.53 | 5.16 | 5.02 | 5.34 |
| Receivables turnover | 8.96 | 8.39 | 8.04 | 7.62 | 8.66 | 7.94 | 7.29 | — | 9.05 | 5.14 | 4.89 | 4.80 | 5.42 | 5.69 | 6.66 | 6.97 | 8.29 | 7.71 | 8.68 | 8.61 |
| Payables turnover | 5.77 | 8.05 | 7.37 | 7.10 | 7.06 | 6.39 | 6.73 | 7.14 | 6.62 | 4.24 | 3.83 | 3.95 | 5.06 | 4.31 | 4.99 | 6.09 | 6.33 | 7.01 | 7.92 | 8.80 |
| Working capital turnover | 11.38 | 9.58 | 8.94 | 4.23 | 5.47 | 4.80 | 5.64 | 5.21 | 5.16 | 5.01 | 3.01 | 3.03 | 6.21 | 4.38 | 4.75 | 5.02 | 7.05 | 5.88 | 5.68 | 8.74 |
Fortune Brands Innovations Inc.'s inventory turnover has shown a declining trend over the past few years, indicating that the company is taking longer to sell its inventory. This may suggest potential issues with demand for the company's products or inefficiencies in inventory management.
On the other hand, the receivables turnover ratio has fluctuated, but generally shows that the company is collecting its receivables in a timely manner. A decrease in this ratio could indicate potential difficulties in collecting payments from customers.
The payables turnover ratio has also varied, but on average, the company seems to be paying its suppliers at a consistent pace. A higher ratio may signal that the company is taking longer to pay its bills, which could impact supplier relationships.
The working capital turnover ratio has also fluctuated over the years, indicating changes in the company's efficiency in generating sales from its working capital. The increasing trend in recent periods suggests that the company is becoming more efficient in utilizing its capital to generate revenue.
Overall, while there are fluctuations in these activity ratios, it is important for Fortune Brands Innovations Inc. to closely monitor and manage its inventory, receivables, payables, and working capital to ensure optimal efficiency and operational performance.
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 | 118.24 | 88.44 | 88.45 | 92.23 | 89.38 | 93.16 | 105.72 | 112.29 | 133.61 | 192.22 | 182.42 | 169.28 | 114.30 | 129.89 | 109.69 | 95.82 | 80.63 | 70.68 | 72.71 | 68.39 |
| Days of sales outstanding (DSO) | days | 40.74 | 43.48 | 45.40 | 47.87 | 42.15 | 45.94 | 50.04 | — | 40.33 | 71.05 | 74.63 | 76.00 | 67.33 | 64.18 | 54.81 | 52.40 | 44.04 | 47.33 | 42.06 | 42.39 |
| Number of days of payables | days | 63.28 | 45.32 | 49.51 | 51.40 | 51.69 | 57.14 | 54.22 | 51.10 | 55.15 | 86.06 | 95.36 | 92.34 | 72.09 | 84.70 | 73.09 | 59.91 | 57.69 | 52.09 | 46.06 | 41.47 |
Fortune Brands Innovations Inc.'s activity ratios suggest some fluctuations in its operational efficiency over the years.
- Days of Inventory on Hand (DOH): The trend in DOH shows an initial decrease from March 2020 to June 2020, before rising steadily until September 2022. However, there was a sharp decline by December 2022, followed by fluctuations. Overall, the company seems to have managed its inventory levels effectively, except for spikes in the last two quarters of 2022, which could indicate inefficiencies in inventory management.
- Days of Sales Outstanding (DSO): DSO showed variability over the years, with some periods of increase and decrease. Notably, there was a peak in September and December 2021, indicating potential issues with collecting receivables. The DSO improved significantly in 2022 but showed some fluctuations in the following years. Overall, the company may have faced challenges in timely collection of receivables during certain periods.
- Number of Days of Payables: The trend in the number of days of payables showcases a consistent increase from March 2020 to June 2022, indicating a prolongation in paying its suppliers. However, there was a decline in the number of days of payables by December 2022, followed by fluctuations. This could imply that the company made efforts to manage its payables more efficiently during certain periods.
Overall, based on these activity ratios, Fortune Brands Innovations Inc. may have encountered challenges in managing its inventory, receivables, and payables efficiently, leading to fluctuations in operational efficiency over the years. Monitoring and addressing these fluctuations could help the company improve its overall 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 | 4.61 | 4.75 | 4.89 | 4.78 | 4.74 | 4.95 | 5.23 | 5.74 | 6.03 | 4.38 | 4.51 | 4.56 | 7.16 | 5.61 | 6.13 | 6.38 | 6.64 | 7.45 | 7.19 | 7.23 |
| Total asset turnover | 0.70 | 0.71 | 0.72 | 0.69 | 0.70 | 0.69 | 0.66 | 0.77 | 0.77 | 0.57 | 0.59 | 0.59 | 0.60 | 0.67 | 0.73 | 0.77 | 0.83 | 0.91 | 0.90 | 0.93 |
Fortune Brands Innovations Inc.'s fixed asset turnover ratio shows a gradual decline from 7.23 in March 2020 to 4.61 in December 2024. This trend indicates that the company's efficiency in generating sales from its fixed assets has been decreasing over the years.
On the other hand, the total asset turnover ratio reflects a fluctuating pattern, starting at 0.93 in March 2020, dipping to 0.60 in December 2021, and then recovering slightly to 0.70 by December 2024. This ratio signifies the company's ability to generate sales in relation to its total assets, with the latest figure suggesting a moderate improvement compared to the lows experienced in 2021.
Overall, these long-term activity ratios highlight fluctuations in Fortune Brands Innovations Inc.'s asset utilization efficiency, showing a need for the company to address the declining fixed asset turnover and work towards a more consistent performance in total asset turnover.