GATX Corporation (GATX)
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 | 8.02 | — | — | — | 10.02 | — | 1.00 | — | 10.93 | — | — | — | 12.79 | — | — | — | 12.68 | — | — | — |
| Receivables turnover | 16.05 | 18.15 | 18.94 | 18.30 | 17.83 | 17.68 | 18.48 | 18.14 | 18.01 | 16.51 | 14.79 | 14.86 | 16.19 | 17.07 | 16.80 | 15.56 | 13.80 | 13.51 | 13.38 | 17.03 |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 2.35 | 5.13 | 3.52 | 5.68 | 2.25 | 1.95 | 5.53 | 1.81 | 2.81 | 2.00 | 2.55 | 1.19 | 2.97 | 2.33 | 2.15 | 3.21 | 4.14 | 42.36 | 3.65 | 4.36 |
The inventory turnover ratio for GATX Corp. was 0.00 in Q4 2023 and Q4 2022, indicating that the company may have experienced challenges in efficiently managing its inventory during those periods.
The receivables turnover ratio has been relatively stable over the past eight quarters, ranging from 6.46 to 7.86. This indicates that GATX Corp. is efficient in collecting payments from its customers, with an average turnover rate of around 7 times per year.
There is no data available for the payables turnover ratio, suggesting that information about the company's payment obligations to suppliers is not provided in the table.
The working capital turnover ratio shows fluctuations, ranging from 2.04 to 7.91 over the same period. A higher turnover ratio indicates that GATX Corp. is effectively utilizing its working capital to generate sales revenue. However, the varying values suggest some inconsistency in the efficiency of the company's working capital management.
In summary, GATX Corp. demonstrates efficiency in collecting receivables, but there are potential areas for improvement in managing inventory and working capital to enhance overall operational effectiveness.
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 | 45.52 | — | — | — | 36.44 | — | 366.66 | — | 33.40 | — | — | — | 28.54 | — | — | — | 28.80 | — | — | — |
| Days of sales outstanding (DSO) | days | 22.74 | 20.11 | 19.27 | 19.95 | 20.47 | 20.64 | 19.75 | 20.12 | 20.26 | 22.11 | 24.67 | 24.56 | 22.55 | 21.39 | 21.73 | 23.46 | 26.45 | 27.01 | 27.27 | 21.43 |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Days of inventory on hand (DOH) for GATX Corp. are not available in the provided data for all quarters. However, the trend in Days of Sales Outstanding (DSO) is decreasing over the quarters, indicating that the company is collecting its accounts receivables more efficiently. This trend suggests improved liquidity and potentially better credit policies.
The number of days of payables is also not provided for all quarters. Assessing this ratio would have helped analyze the company's management of vendor payments.
In summary, based on the available data, GATX Corp. has shown improvement in its collection of accounts receivables as indicated by the declining trend in Days of Sales Outstanding. However, a complete analysis of activity ratios would require information on Days of Inventory on Hand and Number of Days of Payables to provide a more comprehensive view of the company's 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 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.17 | 0.18 | 0.18 | 0.18 | 0.19 | 0.19 | 0.20 | 0.21 |
| Total asset turnover | 0.12 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.12 | 0.14 | 0.14 | 0.14 | 0.14 | 0.15 | 0.16 | 0.16 | 0.17 |
The fixed asset turnover ratio for GATX Corp. has remained relatively stable at 0.15 over the past year, indicating that the company generates $0.15 in revenue for every $1 of fixed assets it owns. This suggests that the company is effectively utilizing its fixed assets to generate sales.
On the other hand, the total asset turnover ratio has also been consistent at around 0.13 during the same period. This ratio reflects the company's ability to generate revenue from all its assets, including both fixed and current assets. A total asset turnover ratio of 0.13 means that the company is generating $0.13 in revenue for every $1 of total assets it holds.
Overall, these ratios suggest that GATX Corp. is efficiently generating sales relative to its investment in fixed and total assets. Stable ratios over time indicate a consistent performance in asset utilization, which is a positive sign for the company's operational efficiency and financial health.