Hasbro Inc (HAS)

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 10.57 4.50 3.99 3.68 4.48 4.75 4.69 6.26 7.24 5.08 5.50 6.05 7.01 5.23 4.80 6.07 5.28 4.15 4.32 4.94
Receivables turnover 4.86 4.89 6.35 — 5.17 5.21 7.45 6.94 4.28 4.15 6.86 6.76 3.93 3.59 5.45 5.28 3.35 3.30 5.81 7.20
Payables turnover 10.31 7.48 8.04 7.29 7.09 7.17 7.48 9.80 6.89 4.62 7.19 8.32 6.51 6.05 8.08 8.74 6.85 4.87 7.40 10.37
Working capital turnover 18.72 4.44 9.96 8.87 7.24 6.85 6.99 5.34 5.05 4.79 3.78 3.69 3.79 3.58 4.13 3.22 0.86 2.41 2.66 2.73

Hasbro, Inc.'s activity ratios provide insights into how efficiently the company is managing its inventory, receivables, payables, and working capital.

1. Inventory Turnover:
The inventory turnover ratio indicates how many times a company sells and replaces its inventory within a given period. Hasbro's inventory turnover has been relatively stable over the past quarters, ranging from 2.47 to 5.14. The higher the ratio, the better, as it suggests that Hasbro is efficiently selling its inventory.

2. Receivables Turnover:
The receivables turnover ratio measures how quickly a company collects cash from its credit sales. Hasbro's receivables turnover has varied, with a high of 8.31 in Q1 2023 and a low of 4.86 in Q4 2023. Higher turnover ratios indicate more efficient collection practices and effective credit management.

3. Payables Turnover:
The payables turnover ratio reflects how quickly a company pays its suppliers. Hasbro's payables turnover has been relatively stable between 3.60 and 5.18. A higher turnover ratio suggests that Hasbro is paying its suppliers promptly.

4. Working Capital Turnover:
The working capital turnover ratio measures how effectively a company is utilizing its working capital to generate sales revenue. Hasbro's working capital turnover has shown fluctuations, peaking at 18.72 in Q4 2023. A higher ratio indicates that Hasbro is efficiently using its working capital to drive sales.

Overall, Hasbro's activity ratios suggest that the company is managing its inventory, receivables, payables, and working capital efficiently, with some fluctuations in performance observed across different quarters. Monitoring these ratios can help investors and stakeholders assess the company's operational efficiency 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 34.53 81.10 91.37 99.17 81.56 76.83 77.83 58.32 50.43 71.82 66.33 60.33 52.09 69.86 76.01 60.18 69.08 88.04 84.41 73.86
Days of sales outstanding (DSO) days 75.09 74.59 57.52 — 70.57 70.08 48.99 52.57 85.30 87.92 53.24 54.03 92.94 101.54 66.94 69.07 109.08 110.47 62.86 50.70
Number of days of payables days 35.42 48.76 45.40 50.06 51.49 50.90 48.79 37.26 53.00 78.96 50.77 43.87 56.03 60.31 45.16 41.78 53.26 74.89 49.33 35.19

The activity ratios for Hasbro, Inc. provide insights into the company's efficiency in managing its inventory, collecting receivables, and paying its suppliers.

1. Days of Inventory on Hand (DOH): This ratio indicates the average number of days it takes for Hasbro to sell its inventory. A lower DOH is generally favorable as it implies faster inventory turnover. Hasbro's DOH has fluctuated over the past quarters but has shown improvement from Q1 2023 to Q4 2023, indicating better management of inventory levels.

2. Days of Sales Outstanding (DSO): DSO measures how long it takes for the company to collect payment from its customers. A lower DSO is preferable as it suggests quicker cash conversion. Hasbro's DSO has been relatively stable over the quarters, with a decrease from Q1 2023 to Q2 2023, indicating improved collection efficiency.

3. Number of Days of Payables: This ratio reflects the average number of days it takes for Hasbro to pay its suppliers. A higher number of days indicates that the company is taking longer to settle its payables. Hasbro's number of days of payables has also fluctuated but has generally decreased from Q3 2022 to Q4 2023, suggesting more timely payments to suppliers.

Overall, the trends in Hasbro's activity ratios show some improvements in inventory management and collection efficiency, while also indicating efforts to manage payment terms with suppliers. Continued monitoring and analysis of these ratios can provide valuable insights into the company's operational effectiveness.

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 13.83 5.00 4.80 4.97 19.23 5.88 6.15 6.08 24.52 13.87 12.73 11.34 18.39 10.84 10.30 11.17 18.47 12.59 12.07 11.62
Total asset turnover 0.76 0.65 0.65 0.64 0.63 0.64 0.68 0.68 0.64 0.60 0.59 0.54 0.51 0.48 0.49 0.49 0.53 0.84 0.93 0.93

Hasbro, Inc.'s long-term activity ratios indicate how efficiently the company is utilizing its assets to generate sales. The fixed asset turnover ratio has been relatively stable over the quarters, ranging from 10.24 to 15.82. This ratio measures how efficiently the company is utilizing its fixed assets to generate sales, and a higher ratio signifies better asset utilization. Hasbro's fixed asset turnover ratios are at healthy levels, indicating effective management of its fixed assets to generate sales.

On the other hand, the total asset turnover ratio, reflecting the efficiency of all assets, has shown some variability but has generally remained consistent, with values between 0.63 and 0.76. This ratio indicates how well the company is using all its assets to generate revenue. Hasbro's total asset turnover ratios have been relatively stable, although the values are on the lower side. This suggests that the company may have a significant amount of assets compared to its sales, which could be indicative of high asset investments relative to revenue generation.

Overall, Hasbro, Inc. has been effectively utilizing its fixed assets to generate sales, as evidenced by the consistent and relatively high fixed asset turnover ratios. However, the company could potentially improve its efficiency in utilizing all assets to generate revenue, as indicated by the lower total asset turnover ratios.