Flowserve Corporation (FLS)
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 | 3.71 | 3.62 | 3.68 | 3.51 | 3.46 | 3.23 | 3.08 | 3.05 | 3.26 | 3.25 | 3.35 | 3.46 | 3.67 | 3.62 | 3.70 | 3.86 | 3.92 | 3.70 | 3.90 | 3.92 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 3.17 | 3.18 | 3.20 | 3.43 | 3.41 | 3.15 | 3.09 | 3.09 | 2.99 | 3.09 | 2.93 | 2.85 | 2.82 | 2.74 | 2.67 | 2.70 | 2.12 | 2.23 | 2.89 | 2.99 |
Flowserve Corporation's inventory turnover ratio has displayed a fluctuating trend over the past few years, ranging from 3.25 to 3.71. This indicates that the company is efficiently managing its inventory levels, with higher turnover ratios suggesting more frequent sales relative to the level of inventory held.
The receivables turnover ratio data is not available, suggesting that the company may not have significant trade receivables or that the data was not disclosed.
Similarly, information on payables turnover is also not provided, making it difficult to assess the efficiency of Flowserve's payment to suppliers or the management of its accounts payable.
The working capital turnover ratio has shown a generally increasing trend, starting at 2.12 in December 2020 and fluctuating between 2.23 and 3.43 up to March 2024. A higher working capital turnover ratio indicates that the company is generating more revenue per dollar of working capital deployed, showcasing effective utilization of its working capital to support operations and drive sales.
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 | 98.47 | 100.87 | 99.31 | 103.90 | 105.52 | 112.90 | 118.42 | 119.58 | 111.86 | 112.47 | 108.96 | 105.62 | 99.37 | 100.75 | 98.58 | 94.60 | 93.12 | 98.64 | 93.64 | 93.10 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Flowserve Corporation's Days of Inventory on Hand (DOH) ratio has shown fluctuations over the past few years. The ratio ranged from 93.10 days to 119.58 days during the period from March 31, 2020, to December 31, 2024. Generally, a higher DOH indicates that the company may be holding excess inventory, tying up capital and potentially facing increased storage costs.
However, data on Days of Sales Outstanding (DSO) and Number of Days of Payables are not available, making it challenging to assess the efficiency of Flowserve Corporation in collecting receivables and managing payables.
Overall, while the DOH ratio provides insights into Flowserve Corporation's inventory management efficiency, a comprehensive analysis of activity ratios, including DSO and payables days, would offer a more holistic view of the company's operational efficiency and liquidity management.
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 | — | — | — | — | — | 6.46 | 7.94 | 7.60 | 5.35 | 5.41 | 7.16 | 6.92 | 4.99 | 5.10 | — | 6.90 | 6.70 | 6.92 | 7.17 | 7.17 |
| Total asset turnover | 0.83 | 0.86 | 0.87 | 0.86 | 0.85 | 0.84 | 0.81 | 0.77 | 0.75 | 0.78 | 0.76 | 0.75 | 0.75 | 0.64 | 0.76 | 0.77 | 0.70 | 0.74 | 0.82 | 0.83 |
Flowserve Corporation's fixed asset turnover ratio has been relatively stable over the years, ranging between 4.99 and 7.94. This indicates that the company generates between $4.99 and $7.94 in sales for each dollar invested in fixed assets.
On the other hand, the total asset turnover ratio has shown more fluctuations, ranging from 0.64 to 0.87. This ratio signifies that the company generates between $0.64 and $0.87 in sales for each dollar invested in total assets.
Overall, the fixed asset turnover ratio suggests that Flowserve effectively utilizes its fixed assets to generate sales, while the total asset turnover ratio shows that the company efficiently uses its total assets to generate revenue. However, it may be beneficial for the company to closely monitor the total asset turnover ratio to ensure optimal asset utilization for future growth and profitability.