F5 Networks Inc (FFIV)

Activity ratios

Short-term

Turnover ratios

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 Dec 31, 2019
Inventory turnover 22.15 21.29 24.86 49.42 51.00 40.85 36.28 30.56 26.20 40.66 63.62 88.26 80.99 75.17 67.57 59.19 54.38 51.83 47.13 42.41
Receivables turnover 7.27 6.32 6.76 5.49 6.22 6.44 5.78 5.64 5.79 5.93 6.47 6.42 7.69 6.65 6.62 6.97 7.96 7.65 6.83 6.41
Payables turnover 24.92 31.19 30.06 29.48 28.89 28.75 26.32 25.21 15.83 24.25 25.66 31.51 28.76 34.48 30.99 27.21 23.53 27.47 25.95 26.21
Working capital turnover 4.56 5.25 6.22 6.44 7.53 12.63 9.36 15.11 37.65 — — 10.50 11.93 22.78 289.72 3.40 4.66 5.80 14.75 3.87

F5 Networks Inc's activity ratios provide insights into the efficiency of managing its assets and operations.

1. Inventory turnover: F5 Networks Inc's inventory turnover has been relatively high and volatile over the periods, ranging from 21.29 to 88.26. This suggests that the company is efficient in selling its inventory, with a higher turnover indicating that inventory is selling quickly.

2. Receivables turnover: The receivables turnover ratio reflects how efficiently F5 Networks Inc collects outstanding receivables. The trend has been fluctuating but generally stable, indicating that the company is managing its accounts receivables effectively and collecting payments within a reasonable time frame.

3. Payables turnover: F5 Networks Inc's payables turnover has been consistent but with some variations. A higher turnover ratio implies that the company is paying its creditors quickly, which could indicate good relationships with suppliers or the ability to negotiate favorable credit terms.

4. Working capital turnover: The working capital turnover ratio measures how well F5 Networks Inc is utilizing its working capital to generate sales. The ratio has shown significant variability, with some periods showing exceptionally high turnover values. A higher turnover indicates the efficient use of working capital in supporting sales growth.

Overall, F5 Networks Inc's activity ratios suggest that the company is effectively managing its assets and operations to drive revenue and maintain liquidity. However, the variability in some ratios may warrant further investigation to understand the underlying factors influencing the fluctuations.

Average number of days

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 Dec 31, 2019
Days of inventory on hand (DOH) days 16.48 17.14 14.68 7.39 7.16 8.93 10.06 11.94 13.93 8.98 5.74 4.14 4.51 4.86 5.40 6.17 6.71 7.04 7.74 8.61
Days of sales outstanding (DSO) days 50.22 57.79 54.03 66.50 58.65 56.63 63.20 64.75 63.05 61.58 56.44 56.90 47.46 54.91 55.17 52.39 45.88 47.72 53.46 56.94
Number of days of payables days 14.65 11.70 12.14 12.38 12.63 12.69 13.87 14.48 23.06 15.05 14.22 11.58 12.69 10.59 11.78 13.41 15.51 13.29 14.07 13.93

The Days of Inventory on Hand (DOH) for F5 Networks Inc have fluctuated over the period analyzed, ranging from a low of 4.14 days to a high of 17.14 days. The company seems to have managed its inventory levels relatively well in recent quarters, with the latest figure at 16.48 days indicating that, on average, inventory is held for approximately 16 days before being sold. This suggests efficient inventory management.

In terms of Days of Sales Outstanding (DSO), F5 Networks Inc's performance has also varied, with a low of 45.88 days and a high of 66.50 days. The trend appears to show a recent improvement as the latest DSO figure of 50.22 days is lower than in previous quarters, indicating that the company is collecting its accounts receivable more efficiently.

The Number of Days of Payables for F5 Networks Inc has been relatively stable, with a range from 10.59 days to 23.06 days. The latest figure of 14.65 days indicates that, on average, the company takes approximately 15 days to pay its outstanding bills. This suggests that the company has been managing its payables effectively and may have some flexibility in managing its cash flows.

Overall, F5 Networks Inc's activity ratios reflect a mix of inventory management, accounts receivable collection, and accounts payable practices that can provide insights into the company's operational efficiency and effectiveness in managing its working capital.

Long-term

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 Dec 31, 2019
Fixed asset turnover 18.73 18.07 17.30 16.85 16.61 16.55 16.52 16.31 16.18 15.70 14.99 14.51 13.70 12.93 11.93 11.20 10.28 10.21 9.97 9.89
Total asset turnover 0.50 0.51 0.52 0.53 0.54 0.55 0.54 0.54 0.52 0.54 0.53 0.53 0.52 0.53 0.55 0.49 0.50 0.51 0.52 0.59

F5 Networks Inc's fixed asset turnover ratio has been showing a generally increasing trend over the past few years, indicating that the company has been generating more revenue relative to its investment in fixed assets. This suggests that F5 Networks has been effectively utilizing its fixed assets to generate sales.

On the other hand, the total asset turnover ratio has been fluctuating over the same period but has generally remained stable. This ratio reflects how efficiently the company is using all its assets to generate revenue. A total asset turnover ratio of around 0.50 to 0.55 indicates that for every dollar of assets invested in the company, F5 Networks is generating around 50 to 55 cents in revenue.

Overall, F5 Networks Inc's long-term activity ratios suggest that the company is effectively utilizing both its fixed and total assets to generate sales, which is a positive indicator of operational efficiency and effective asset management.