Floor & Decor Holdings Inc (FND)

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 3.98 3.89 3.64 3.57 3.19 3.01 2.80 3.09 3.27 3.67 4.19 4.19 3.62 2.58 2.41 2.48 2.39 3.98 4.11 4.01
Receivables turnover 158.12 272.75 312.04 — 581.66 418.25 275.41 — 978.90 — — — — — — — — — — —
Payables turnover 6.48 6.08 6.43 7.36 6.98 6.18 4.89 5.15 4.98 4.81 5.42 6.33 5.67 4.25 4.38 4.57 3.78 6.05 6.72 7.65
Working capital turnover 26.77 27.25 20.04 13.51 9.45 9.47 12.44 16.05 14.23 11.49 9.99 6.82 7.09 6.27 6.96 4.77 13.69 12.89 13.37 13.77

Floor & Decor Holdings Inc's inventory turnover ratio has shown a consistent upward trend over the past few years, indicating that the company is managing its inventory efficiently. However, there was a slight decrease in inventory turnover in the most recent quarter compared to the previous quarter.

The receivables turnover ratio shows a significant fluctuation in values, with a substantial increase in the most recent quarter compared to the prior period. This indicates that the company is collecting its receivables at a much faster rate, which is a positive sign for its cash flow and liquidity.

The payables turnover ratio has shown fluctuations but generally remains at a moderate level. The company is able to pay its suppliers every 6 to 7 times a year on average, indicating effective management of its accounts payable.

The working capital turnover ratio has increased over the years, demonstrating that the company is utilizing its working capital efficiently to generate revenue. The latest ratio is higher than in the previous quarters, suggesting improved performance in converting working capital into sales.

Overall, the activity ratios reflect a mix of efficiency and effectiveness in managing inventory, receivables, payables, and working capital, which are all crucial aspects of a company's operational performance.

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 91.75 93.89 100.21 102.32 114.45 121.36 130.19 118.31 111.56 99.59 87.08 87.11 100.82 141.69 151.74 146.97 152.62 91.78 88.91 90.98
Days of sales outstanding (DSO) days 2.31 1.34 1.17 — 0.63 0.87 1.33 — 0.37 — — — — — — — — — — —
Number of days of payables days 56.34 59.99 56.81 49.59 52.33 59.02 74.60 70.86 73.24 75.83 67.39 57.65 64.42 85.81 83.25 79.81 96.65 60.37 54.31 47.73

Floor & Decor Holdings Inc's activity ratios indicate how efficiently the company is managing its assets and operations.

Days of inventory on hand (DOH) have been fluctuating over the periods, with a noticeable decrease from 152.62 days in March 2020 to 91.75 days in December 2023. This suggests that the company has been able to sell its inventory more quickly in recent periods.

Days of sales outstanding (DSO) represent how quickly the company collects payments from customers. The data shows that DSO has also been decreasing, indicating that the company has been able to collect payments more efficiently, with a significant decrease from 1.33 days in June 2022 to 1.17 days in June 2023.

Number of days of payables reflects how long it takes for the company to pay its suppliers. This ratio has shown some variability, but there is a noticeable increase in payables days from 47.73 days in March 2019 to 56.34 days in December 2023. This could indicate a change in the company's payment terms or relationships with suppliers.

Overall, the trends in these activity ratios suggest that Floor & Decor Holdings Inc has been managing its inventory, accounts receivable, and accounts payable more effectively in recent periods, potentially leading to improved cash flow and operational efficiency.

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 2.70 2.82 3.04 3.23 3.39 3.55 3.60 3.65 3.70 3.88 4.19 4.34 4.18 4.39 4.28 4.48 4.47 4.58 4.87 5.24
Total asset turnover 0.95 0.95 0.98 1.00 0.98 0.97 0.93 0.94 0.92 0.89 0.91 0.89 0.84 0.82 0.82 0.80 0.88 0.90 0.93 0.95

Floor & Decor Holdings Inc's fixed asset turnover has been relatively stable over the past few years, ranging between 2.70 and 5.24. This indicates that the company generates between 2.70 and 5.24 in sales for every dollar invested in fixed assets. The increasing trend observed in the fixed asset turnover ratio suggests that the company is becoming more efficient in utilizing its fixed assets to generate revenue.

In contrast, the total asset turnover ratio has fluctuated over the years, ranging between 0.80 and 1.00. This ratio indicates how well the company is utilizing all its assets to generate sales. A declining trend observed in the total asset turnover ratio could indicate that the company is becoming less efficient in generating sales with its total assets.

Overall, Floor & Decor Holdings Inc's fixed asset turnover suggests improving efficiency in generating sales with fixed assets, while the total asset turnover ratio indicates some variability in how effectively the company is utilizing all its assets to generate revenue.