Comfort Systems USA Inc (FIX)
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 | 94.18 | 93.96 | 76.85 | 63.46 | 64.48 | 75.03 | 92.78 | 98.23 | 96.26 | 83.75 | 94.47 | 108.20 | 114.88 | 119.07 | 120.11 | 145.21 | 171.44 | 183.84 | 190.96 | 219.60 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 33.87 | 60.48 | — | — | 27.42 | 27.10 | 249.91 | 84.60 | 30.25 | 12.35 | 13.31 | 11.65 | 16.11 | 17.95 | 28.54 | 39.87 | 24.02 | 18.45 | 25.85 | 9.96 |
Comfort Systems USA Inc's activity ratios show the efficiency of the company in managing its assets and generating revenue.
1. Inventory turnover: The inventory turnover ratio has been gradually decreasing from 219.60 in March 2020 to 94.18 in December 2024. This indicates that the company is selling its inventory at a slower rate over the years.
2. Receivables turnover: Data for this ratio is not provided, indicating that information on how quickly the company collects on its receivables is not available.
3. Payables turnover: Similar to receivables turnover, data for payables turnover is not available, making it challenging to assess how efficiently the company is managing its payments to suppliers.
4. Working capital turnover: The working capital turnover ratio fluctuated during the period, indicating changes in how effectively the company is utilizing its working capital to generate sales. The ratio peaked at 249.91 in June 2023, showing strong efficiency in utilizing working capital for revenue generation.
In conclusion, while the inventory turnover has been declining, the lack of data for receivables and payables turnover limits a comprehensive analysis of Comfort Systems USA Inc's efficiency in managing its assets and liabilities. The fluctuations in the working capital turnover suggest varying levels of efficiency in utilizing working capital for generating revenue during the period.
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 | 3.88 | 3.88 | 4.75 | 5.75 | 5.66 | 4.86 | 3.93 | 3.72 | 3.79 | 4.36 | 3.86 | 3.37 | 3.18 | 3.07 | 3.04 | 2.51 | 2.13 | 1.99 | 1.91 | 1.66 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Comfort Systems USA Inc's Days of Inventory on Hand (DOH) has been increasing gradually over the reported periods, from 1.66 days on March 31, 2020, to 3.88 days on December 31, 2024, with some fluctuations. This suggests that the company is holding inventory for a longer period, which may indicate inefficiencies in managing inventory levels.
The Days of Sales Outstanding (DSO) and Number of Days of Payables data are not available, indicating that information related to credit sales collection and payment periods is not provided in the dataset. Without this data, it is challenging to assess the company's efficiency in collecting receivables and managing payables.
In summary, the increase in Comfort Systems USA Inc's Days of Inventory on Hand indicates a potential inefficiency in inventory management. However, without information on DSO and payables, a comprehensive analysis of the company's overall activity ratios is limited.
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 | — | — | — | — | — | 12.54 | 27.68 | 28.58 | 28.76 | 28.06 | 27.09 | 25.75 | 23.91 | 25.24 | 13.37 | 24.57 | 24.37 | 24.15 | 23.61 | 24.36 |
| Total asset turnover | 1.49 | 1.48 | 1.44 | 1.43 | 1.58 | 1.58 | 1.62 | 1.56 | 1.59 | 1.52 | 1.47 | 1.42 | 1.39 | 1.49 | 1.59 | 1.65 | 1.63 | 1.71 | 1.71 | 1.72 |
Comfort Systems USA Inc's fixed asset turnover ratio has shown fluctuations over the past years, starting at a high of 24.36 in March 2020, peaking at 28.76 in December 2022, and then decreasing to 27.68 by June 2023. The ratio then experienced a significant drop to 12.54 by September 2023 before data was not available for the subsequent periods.
On the other hand, the total asset turnover ratio has also varied during the same period. It started at 1.72 in March 2020, decreased to 1.39 by December 2021, before gradually rising to 1.62 by June 2023. Subsequently, the ratio declined to 1.43 in March 2024 with a slight increase to 1.44 by June 2024.
Overall, the fixed asset turnover ratio reflects the company's ability to generate sales from its fixed assets, while the total asset turnover ratio indicates how efficiently the company utilizes all its assets to generate revenue. It is important for Comfort Systems USA Inc to closely monitor these ratios to assess their operational efficiency and asset utilization over time.