Genuine Parts Co (GPC)
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 | 2.73 | 2.71 | 2.93 | 3.13 | 3.18 | 3.30 | 3.27 | 3.20 | 3.23 | 3.24 | 3.10 | 3.03 | 3.15 | 3.18 | 3.17 | 3.08 | 3.20 | 3.38 | 3.61 | 3.49 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 17.70 | 14.69 | 22.48 | 19.81 | 12.98 | 18.73 | 19.32 | 17.81 | 19.54 | 16.10 | 16.65 | 16.73 | 16.06 | 14.72 | 14.89 | 12.60 | 13.94 | 12.48 | 13.69 | 13.61 |
Genuine Parts Co has shown fairly consistent inventory turnover ratios over the past few years, ranging from 2.71 to 3.61. This indicates that the company is efficiently managing its inventory levels and effectively converting inventory into sales.
The receivables turnover ratio was not provided in the data, which could suggest that Genuine Parts Co does not disclose this information or that the company's credit sales are not significant compared to its total revenue.
Similarly, the payables turnover ratio was not available in the data, which makes it difficult to assess the company's efficiency in managing its accounts payable.
In terms of working capital turnover, Genuine Parts Co has experienced fluctuations in the ratio over the years, ranging from 12.48 to 22.48. A higher working capital turnover ratio indicates that the company is effectively utilizing its working capital to generate revenue.
Overall, Genuine Parts Co's activity ratios paint a picture of efficient inventory management and working capital utilization, although further information on receivables and payables turnover would provide a more complete analysis of the company's liquidity and operational efficiency.
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 | 133.63 | 134.46 | 124.63 | 116.44 | 114.65 | 110.57 | 111.47 | 114.19 | 112.93 | 112.81 | 117.65 | 120.27 | 116.03 | 114.68 | 115.13 | 118.38 | 113.89 | 108.02 | 101.08 | 104.61 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data for Genuine Parts Co, the Days of Inventory on Hand (DOH) has shown some fluctuations over the reported periods. The trend shows an upward movement from 104.61 days as of March 31, 2020, to 133.63 days by December 31, 2024, indicating an increase in the number of days it takes the company to sell its inventory.
Unfortunately, there is no data provided for the Days of Sales Outstanding (DSO) and Number of Days of Payables, which limits our ability to analyze the company's efficiency in collecting receivables and paying its suppliers.
Overall, the trend in the Days of Inventory on Hand for Genuine Parts Co highlights the need for the company to manage its inventory levels effectively to optimize its working capital and maintain liquidity. Further information on DSO and Payables turnover would provide a more comprehensive assessment of the company's overall operational efficiency and financial health.
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 | — | — | — | — | — | 8.49 | 15.87 | 16.43 | 9.09 | 17.22 | 16.59 | 15.90 | 15.29 | 8.53 | 8.00 | 14.51 | 14.63 | 15.30 | 15.96 | 16.28 |
| Total asset turnover | 1.22 | 1.15 | 1.23 | 1.26 | 1.29 | 1.35 | 1.35 | 1.33 | 1.34 | 1.31 | 1.26 | 1.21 | 1.31 | 1.31 | 1.27 | 1.21 | 1.27 | 1.30 | 1.36 | 1.33 |
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. Genuine Parts Co's fixed asset turnover has fluctuated over the years, ranging from a high of 17.22 in September 2022 to a low of 8.00 in June 2021. Generally, a higher fixed asset turnover ratio indicates better utilization of fixed assets, while a lower ratio suggests inefficiency.
In comparison, the total asset turnover ratio reflects the company's overall efficiency in using all assets to generate sales. Genuine Parts Co's total asset turnover has shown some variation but has generally been around 1.30 to 1.35 in recent periods. A higher total asset turnover ratio signifies that the company is generating more revenue per dollar of assets, indicating efficiency in asset utilization.
It is important for Genuine Parts Co to monitor these ratios over time to ensure that they are maintaining or improving their efficiency in using assets to generate sales. Any significant changes in these ratios could indicate changes in the company's operational efficiency and effectiveness in utilizing its fixed and total assets.