Hasbro Inc (HAS)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Inventory turnover | 5.34 | 6.43 | 3.55 | 4.61 | 5.79 |
| Receivables turnover | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
| Working capital turnover | 4.92 | 18.72 | 7.24 | 5.05 | 3.79 |
Hasbro Inc's activity ratios provide insights into how efficiently the company manages its operations related to inventory, receivables, payables, and working capital turnover.
1. Inventory Turnover:
- Hasbro's inventory turnover has shown fluctuations over the years from 2020 to 2024. The ratio indicates how many times the company sells and replenishes its inventory during a specific period. A higher turnover implies better inventory management. Hasbro's inventory turnover decreased from 5.79 in 2020 to 3.55 in 2022 but then improved to 6.43 in 2023, suggesting effective inventory management overall.
2. Receivables Turnover:
- The data shows that receivables turnover information is not available for the years under consideration. Receivables turnover measures how efficiently a company collects payments from its customers. The absence of data may indicate that Hasbro does not disclose this specific ratio or does not provide credit terms to its customers.
3. Payables Turnover:
- Similarly, there is no data available for payables turnover for the years 2020 to 2024. Payables turnover ratio reflects how efficiently a company manages its payments to suppliers. The lack of data may suggest limited insight into Hasbro's payment practices to its suppliers.
4. Working Capital Turnover:
- Hasbro's working capital turnover ratio indicates how effectively the company utilizes its working capital to generate sales. The ratio has shown fluctuations, with a significant increase from 2022 to 2023. A higher turnover ratio is generally preferred as it signifies efficient utilization of working capital to drive sales. Hasbro's working capital turnover increased from 7.24 in 2022 to 18.72 in 2023, indicating a significant improvement in the utilization of working capital during 2023.
Overall, the analysis of Hasbro Inc's activity ratios suggests that the company has shown varying efficiencies in managing its inventory and working capital from 2020 to 2024, while data for receivables and payables turnover is not available for a thorough assessment.
Average number of days
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 68.38 | 56.78 | 102.72 | 79.09 | 63.09 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
To analyze Hasbro Inc's activity ratios, we will focus on the Days of Inventory on Hand (DOH) metric provided in the data. The DOH ratio indicates the average number of days a company holds its inventory before selling it.
Analyzing Hasbro's DOH over the past five years, we observe fluctuations in the number of days of inventory on hand:
- As of December 31, 2020, Hasbro had 63.09 days of inventory on hand.
- By December 31, 2021, this figure increased to 79.09 days.
- Subsequently, by December 31, 2022, the DOH ratio further increased to 102.72 days.
- However, there was a significant improvement by December 31, 2023, as the DOH decreased to 56.78 days.
- By December 31, 2024, the DOH had slightly increased to 68.38 days.
A higher DOH value can indicate inventory management inefficiencies, excess stock levels, or slower inventory turnover. Conversely, a lower DOH may suggest efficient inventory control and faster sales cycles.
In Hasbro's case, the fluctuating DOH values signify changes in the company's inventory management practices over the years. Further analysis and comparison with industry benchmarks would provide a more detailed understanding of Hasbro's inventory management efficiency and overall operational performance.
Long-term
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 13.85 | 15.25 | 11.18 |
| Total asset turnover | 0.65 | 0.76 | 0.63 | 0.64 | 0.51 |
The fixed asset turnover ratio for Hasbro Inc has shown an increasing trend from 11.18 in 2020 to 15.25 in 2021, and then slightly decreased to 13.85 in 2022. However, there is no data available for 2023 and 2024.
The fixed asset turnover ratio measures how efficiently a company is generating sales from its investments in fixed assets. Hasbro Inc's increasing trend in this ratio indicates that the company is utilizing its fixed assets more efficiently to generate sales revenue, especially from 2020 to 2021. The slight decrease in 2022 suggests a potential slowdown in generating revenue from fixed assets compared to the previous year.
On the other hand, the total asset turnover ratio for Hasbro Inc has fluctuated over the years, with values of 0.51 in 2020, 0.64 in 2021, 0.63 in 2022, 0.76 in 2023, and 0.65 in 2024.
The total asset turnover ratio indicates how effectively a company is utilizing its total assets to generate revenue. Hasbro Inc's total asset turnover ratio increased significantly from 2020 to 2021, suggesting improved efficiency in generating sales revenue in relation to its total assets. However, the ratio remained relatively stable in 2022 before seeing a notable increase to 0.76 in 2023, indicating that the company was able to generate more revenue relative to its total assets that year. The ratio then dropped back to 0.65 in 2024, reflecting a potential decrease in efficiency in utilizing total assets to generate revenue compared to the previous year.
Overall, these long-term activity ratios provide insights into Hasbro Inc's efficiency in generating sales revenue from both its fixed assets and total assets over the years. Additional data beyond 2022 would be needed to further assess the company's performance in subsequent years.