Godaddy Inc (GDDY)

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 — 5.71 5.83 5.65 5.60 6.14 6.05 6.01 5.57 5.45 5.28 5.38 5.42 5.40 5.02 5.08 4.46 3.85 3.23 2.53
Receivables turnover 53.67 53.75 59.81 58.08 65.91 61.68 64.07 63.52 58.08 55.69 63.03 68.94 77.23 81.68 92.17 94.66 96.20 97.26 110.35 75.22
Payables turnover 18.03 21.43 18.57 19.28 20.38 21.54 27.05 22.79 30.10 33.05 31.18 33.78 44.99 44.93 28.36 22.75 25.27 21.84 15.95 10.31
Working capital turnover — — — — — — — — — — — — — — — — — — — —

The receivables turnover ratio for Godaddy Inc has remained relatively stable over the past eight quarters, ranging from a low of 55.54 in Q4 2023 to a high of 68.07 in Q4 2022. This indicates that the company is efficient in collecting payments from its customers.

The payables turnover ratio has also shown consistency, fluctuating between 10.48 and 14.88 over the same period. This suggests that Godaddy Inc manages its payments to suppliers effectively, with a moderate level of turnover.

Unfortunately, data on the inventory turnover and working capital turnover ratios is not available, making it challenging to assess the company's efficiency in managing its inventory and working capital.

Overall, based on the information provided, Godaddy Inc appears to have a strong focus on managing its receivables and payables effectively, which is crucial for maintaining liquidity and financial health.

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 — 63.88 62.58 64.62 65.21 59.41 60.35 60.77 65.56 66.98 69.19 67.84 67.37 67.61 72.72 71.88 81.86 94.84 113.16 144.46
Days of sales outstanding (DSO) days 6.80 6.79 6.10 6.28 5.54 5.92 5.70 5.75 6.28 6.55 5.79 5.29 4.73 4.47 3.96 3.86 3.79 3.75 3.31 4.85
Number of days of payables days 20.25 17.04 19.65 18.93 17.91 16.95 13.49 16.02 12.13 11.04 11.71 10.80 8.11 8.12 12.87 16.05 14.44 16.71 22.89 35.41

To analyze Godaddy Inc's activity ratios, we will focus on the days of inventory on hand (DOH), days of sales outstanding (DSO), and number of days of payables over the past eight quarters.

1. Days of Inventory on Hand (DOH): Unfortunately, the data provided does not include specific values for the DOH ratio over the given quarters. Without this information, we are unable to assess the efficiency of Godaddy Inc in managing its inventory levels.

2. Days of Sales Outstanding (DSO): The DSO ratio measures how quickly a company collects its accounts receivable. Over the quarters in question, Godaddy Inc has consistently maintained a relatively low DSO, indicating that the company is efficient in collecting payments from its customers. The DSO has ranged from 5.36 days to 6.57 days, with a general trend of stability.

3. Number of Days of Payables: This ratio reflects the average number of days a company takes to pay its suppliers. Godaddy Inc's number of days of payables has shown some volatility over the quarters, ranging from 24.52 days to 34.82 days. The increasing trend in Q3 and Q4 of 2023, compared to the previous quarters, suggests that the company is taking longer to pay its suppliers.

Overall, based on the available data, Godaddy Inc appears to be efficient in collecting payments from its customers (low DSO). However, the trend of increasing days of payables warrants further investigation to understand the impact on the company's working capital management and overall financial health.

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 22.19 20.37 19.45 18.47 17.56 18.48 17.44 17.04 16.79 15.55 14.23 13.51 12.55 12.81 12.37 11.76 11.23 11.04 10.52 9.86
Total asset turnover 0.54 0.62 0.59 0.56 0.57 0.56 0.56 0.55 0.50 0.49 0.47 0.46 0.50 0.51 0.51 0.49 0.46 0.46 0.42 0.42

The fixed asset turnover ratio for Godaddy Inc has been consistently increasing over the past eight quarters, reflecting the company's ability to generate revenue from its fixed assets efficiently. The ratio measures how efficiently the company is utilizing its fixed assets to generate sales, with a higher ratio indicating better utilization.

On the other hand, the total asset turnover ratio has shown some fluctuations over the same period but has generally remained relatively stable. This ratio measures the company's ability to generate revenue from all its assets, including both fixed and current assets. A lower total asset turnover ratio compared to the fixed asset turnover ratio suggests that the company may have a significant portion of assets that are not generating as much revenue.

Overall, the increasing trend in the fixed asset turnover ratio indicates that Godaddy Inc has been improving its efficiency in utilizing its fixed assets, which can be a positive sign for the company's long-term productivity and profitability. However, the fluctuations in the total asset turnover ratio may warrant further investigation into the composition and efficiency of the company's total asset base.