Fresh Del Monte Produce Inc (FDP)
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 | 6.62 | 6.78 | 6.89 | 6.32 | 6.13 | 6.63 | 7.23 | 6.47 | 6.55 | 7.31 | 7.87 | 7.57 | 7.78 | 7.94 | 8.15 | 7.45 | 7.58 | 7.82 | 7.95 | 7.42 |
| Receivables turnover | 8.21 | 9.38 | 8.46 | 8.61 | 8.81 | 10.00 | — | — | 8.93 | — | — | — | 9.66 | 10.22 | 9.68 | 9.25 | 9.59 | 10.10 | 9.09 | 8.75 |
| Payables turnover | 14.20 | — | — | — | 12.61 | — | — | — | 11.27 | — | — | — | 13.38 | — | — | — | 13.55 | — | — | — |
| Working capital turnover | 7.16 | 7.41 | 7.60 | 6.90 | 7.00 | 7.91 | 9.07 | 7.94 | 9.10 | 9.25 | 9.01 | 8.33 | 9.19 | 9.59 | 9.52 | 8.92 | 9.19 | 8.84 | — | 7.99 |
Fresh Del Monte Produce Inc's activity ratios provide insights into how efficiently the company is managing its assets and liabilities to generate sales.
1. Inventory turnover: The company's inventory turnover has been relatively consistent over the periods analyzed, ranging from 6.13 to 7.94 times. This indicates that Fresh Del Monte Produce is efficiently managing its inventory levels and is able to sell and replace its inventory multiple times a year.
2. Receivables turnover: Fresh Del Monte's receivables turnover has shown some variability, ranging from 8.21 to 10.22 times. This suggests that the company is efficient in collecting payments from its customers. A higher turnover indicates faster collection of outstanding receivables.
3. Payables turnover: The data provides limited information on the payables turnover, but it appears that the company is promptly paying its suppliers based on the available figures. A higher turnover ratio may indicate that Fresh Del Monte is managing its payables effectively.
4. Working capital turnover: The working capital turnover ratio measures the efficiency of a company in utilizing its working capital to generate sales. Fresh Del Monte's working capital turnover ranges from 6.90 to 9.59 times, indicating that the company is effectively utilizing its working capital to generate revenue.
Overall, the activity ratios of Fresh Del Monte Produce Inc suggest that the company is efficiently managing its inventory, receivables, payables, and working capital to drive sales and support its operations.
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 | 55.15 | 53.82 | 52.97 | 57.78 | 59.53 | 55.04 | 50.47 | 56.45 | 55.73 | 49.96 | 46.37 | 48.23 | 46.90 | 45.98 | 44.79 | 48.96 | 48.15 | 46.69 | 45.89 | 49.18 |
| Days of sales outstanding (DSO) | days | 44.43 | 38.93 | 43.13 | 42.41 | 41.43 | 36.50 | — | — | 40.87 | — | — | — | 37.80 | 35.71 | 37.71 | 39.45 | 38.04 | 36.12 | 40.17 | 41.73 |
| Number of days of payables | days | 25.70 | — | — | — | 28.95 | — | — | — | 32.39 | — | — | — | 27.29 | — | — | — | 26.93 | — | — | — |
Fresh Del Monte Produce Inc's activity ratios show how efficiently the company manages its inventory, collects receivables, and pays its suppliers.
- Days of inventory on hand (DOH) have been fluctuating over the periods but have generally been in the range of 45 to 60 days, indicating that the company takes around 45 to 60 days to sell its entire inventory. A decreasing trend in this ratio indicates that the company is selling its inventory quicker, which could be a positive sign of efficient inventory management.
- Days of sales outstanding (DSO) have also varied, but generally show the number of days it takes for the company to collect its receivables. Lower DSO values suggest faster collection of receivables, and although there are some periods with missing data, a general decreasing trend in DSO is favorable for the company.
- The number of days of payables has not been consistently reported for all periods, but they seem to be in the range of around 25 to 30 days when reported. This indicates the average number of days the company takes to pay its suppliers. A higher number of days could indicate that the company is taking longer to pay its suppliers, which may improve its cash flow but could strain supplier relationships.
In summary, Fresh Del Monte Produce Inc's activity ratios suggest mixed efficiency in managing inventory, collecting receivables, and paying suppliers, with some room for improvement in certain areas to enhance overall operational performance.
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 | 3.44 | 3.41 | 3.44 | 3.42 | 3.39 | 3.35 | 3.19 | 3.08 | 3.00 | 2.99 | 2.95 | 2.94 | 2.96 | 3.02 | 3.10 | 3.19 | 3.20 | 3.21 | 3.18 | 3.24 |
| Total asset turnover | 1.36 | 1.30 | 1.31 | 1.29 | 1.28 | 1.30 | 1.29 | 1.23 | 1.25 | 1.25 | 1.25 | 1.22 | 1.29 | 1.29 | 1.31 | 1.31 | 1.34 | 1.35 | 1.32 | 1.29 |
Fresh Del Monte Produce Inc's fixed asset turnover ratio has been relatively stable over the past five quarters, ranging between 2.94 and 3.44. This indicates that the company generates approximately $3.00 to $3.44 in revenue for every dollar invested in fixed assets. The increasing trend in the fixed asset turnover ratio suggests that Fresh Del Monte is utilizing its fixed assets more efficiently to generate sales.
On the other hand, the total asset turnover ratio has also been quite stable, fluctuating between 1.22 and 1.36 over the same period. This ratio indicates that Fresh Del Monte is generating around $1.22 to $1.36 in revenue for every dollar of total assets. The stability of the total asset turnover ratio suggests that the company is effectively managing its total assets to generate sales.
Overall, both fixed asset turnover and total asset turnover ratios suggest that Fresh Del Monte Produce Inc is efficiently utilizing its assets to generate revenue. The company's ability to generate sales relative to its investment in assets is a positive indicator of its operational efficiency and effectiveness.