Chart Industries Inc (GTLS)
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 | 7.07 | 6.42 | 7.22 | 7.90 | 6.27 | 5.22 | 3.57 | 2.20 | 3.37 | 3.31 | 3.11 | 3.02 | 3.09 | 2.70 | 2.78 | 3.01 | 3.49 | 3.78 | 3.87 | 4.12 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 7.12 | 8.64 | 9.98 | 11.87 | 13.23 | 10.72 | 7.27 | 3.98 | 0.62 | 8.88 | 6.18 | 7.31 | 8.26 | 8.94 | 6.00 | 22.14 | 17.85 | 4.07 | 4.10 | 4.54 |
Chart Industries Inc's inventory turnover ratio has shown fluctuations over the years, ranging from a low of 2.20 to a high of 7.90. The ratio indicates how efficiently the company is managing its inventory levels and converting them into sales. Generally, a higher ratio is preferred as it suggests that the company is selling its inventory quickly.
On the other hand, the receivables turnover ratio and payables turnover ratio are not provided in the data, suggesting that information about how quickly the company collects payments from customers and pays its suppliers is not available for analysis.
The working capital turnover ratio has also varied significantly, indicating how efficiently the company is utilizing its working capital to generate sales. The ratio peaked at 22.14 on March 31, 2021, indicating that the company was able to generate a significant amount of sales relative to its working capital at that time. However, the ratio fluctuated thereafter, showing both improvements and declines in working capital efficiency.
Overall, the analysis of Chart Industries Inc's activity ratios suggests mixed performance in inventory management and working capital utilization, with room for potential improvements in certain areas.
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 | 51.64 | 56.88 | 50.55 | 46.17 | 58.21 | 69.91 | 102.22 | 166.28 | 108.41 | 110.15 | 117.20 | 120.81 | 118.12 | 135.14 | 131.23 | 121.38 | 104.60 | 96.47 | 94.42 | 88.60 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Chart Industries Inc's days of inventory on hand (DOH) ratio has shown fluctuations over the periods provided in the data. The trend indicates a general increase in the number of days it takes for the company to turn its inventory into sales from March 31, 2020, to December 31, 2024. In the most recent period ending December 31, 2024, the DOH ratio decreased, showing improvement in inventory management efficiency.
On the other hand, there is insufficient data provided for the days of sales outstanding (DSO) and the number of days of payables ratios, making it challenging to assess Chart Industries Inc's effectiveness in collecting receivables and managing payables over the stated periods.
In summary, the analysis of Chart Industries Inc's activity ratios, specifically the days of inventory on hand (DOH), suggests a varying trend in inventory turnover efficiency over the years, with a slight improvement by the end of 2024. However, without comprehensive data on DSO and payables turnover, a holistic evaluation of the company's overall operating cycle efficiency is limited.
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 | — | — | — | — | — | 4.95 | — | — | 3.75 | 3.81 | 3.60 | 3.35 | 3.17 | 3.03 | 2.89 | 2.89 | 2.94 | 3.15 | 3.35 | 3.33 |
| Total asset turnover | 0.53 | 0.50 | 0.56 | 0.61 | 0.51 | 0.45 | 0.31 | 0.19 | 0.27 | 0.50 | 0.46 | 0.45 | 0.43 | 0.42 | 0.42 | 0.45 | 0.47 | 0.51 | 0.54 | 0.55 |
Fixed Asset Turnover Ratio: The Fixed Asset Turnover ratio measures how efficiently the company is utilizing its fixed assets to generate sales revenue. Chart Industries Inc's Fixed Asset Turnover ratio has shown a fluctuating trend over the years, ranging from 2.89 to 3.81. The ratio has generally been on an upward trajectory since the beginning of the period under analysis, indicating an improvement in the company's efficiency in using its fixed assets to generate revenue. The significant increase in the Fixed Asset Turnover ratio from 2.89 in March 2023 to 4.95 in September 2023 suggests a substantial improvement in the company's ability to generate sales from its fixed assets during that period.
Total Asset Turnover Ratio: The Total Asset Turnover ratio indicates the company's efficiency in using all its assets to generate sales. Chart Industries Inc's Total Asset Turnover ratio has varied significantly over the period, with values ranging from 0.19 to 0.61. The ratio experienced a steep decline from 0.50 in September 2022 to 0.27 in December 2022, signifying a dip in the company's ability to generate sales relative to its total assets during that quarter. However, there was a remarkable recovery in the Total Asset Turnover ratio from 0.27 in December 2022 to 0.61 in March 2024, indicating a significant improvement in the company's efficiency in utilizing its total assets to generate sales revenue during that period.
Overall, the trend in both the Fixed Asset Turnover and Total Asset Turnover ratios suggests that Chart Industries Inc has been gradually enhancing its operational efficiency and asset utilization to drive sales growth and improve its overall financial performance.