Hasbro Inc (HAS)

Short-term

Turnover ratios

The inventory turnover ratio measures how efficiently a company is managing its inventory levels. A higher ratio indicates that the company is selling its inventory quickly. For Hasbro Inc, we observed fluctuations in the inventory turnover ratio over the periods provided. The ratio ranged from 3.04 to 6.43, with an average of approximately 4.50.

On the other hand, the receivables turnover ratio, which measures how quickly the company collects its outstanding receivables, was not available for the periods provided. This lack of data restricts our ability to assess the efficiency of Hasbro's accounts receivable management.

Similarly, the payables turnover ratio, which indicates how quickly a company pays its suppliers, was also not provided in the data.

The working capital turnover ratio, which evaluates how effectively a company is utilizing its working capital to generate sales, showed varying trends for Hasbro Inc. The ratio started at 3.21 and peaked at 23.42, indicating significant fluctuations in working capital efficiency over the periods analyzed. The increasing trend observed in the latter periods suggests a more efficient use of working capital to drive sales.

In conclusion, the inventory turnover and working capital turnover ratios provide insights into Hasbro Inc's operational efficiency and working capital management, indicating the company's ability to control inventory levels and utilize working capital effectively to generate sales.

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Average number of days

Based on the provided data, we can analyze the activity ratios of Hasbro Inc as follows:

1. Days of Inventory on Hand (DOH):
- Hasbro's DOH shows fluctuations over the periods reported, ranging from a low of 56.78 days on December 31, 2023, to a high of 120.06 days on June 30, 2022.
- A lower DOH indicates faster inventory turnover, which may reflect efficient inventory management. Hasbro's DOH decreased towards the end of 2023, suggesting a possible improvement in inventory management compared to earlier periods.

2. Days of Sales Outstanding (DSO):
- The data provided does not include information on DSO, which is a measure of how quickly a company collects its accounts receivable. Without this data, it's not possible to evaluate Hasbro's efficiency in collecting revenues from its customers based on the DSO metric.

3. Number of Days of Payables:
- Similar to DSO, the data does not include information on the number of days of payables, which measures how long it takes for a company to pay its suppliers. Without this data, we cannot assess Hasbro's payment practices and liquidity management based on the payables turnover metric.

In conclusion, based on the available DOH data, Hasbro Inc's inventory management appears to have some variability over the reporting periods. However, a comprehensive analysis of the company's overall working capital management and efficiency in collecting receivables and paying suppliers would require additional data on DSO and payables turnover.

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Long-term

Hasbro Inc's fixed asset turnover ratio has shown a generally increasing trend over the years, indicating that the company is generating more revenue from its fixed assets. The ratio increased from 11.17 in March 2020 to a peak of 15.82 in June 2022, before slightly decreasing to 11.19 in March 2023. This indicates that Hasbro has been effectively utilizing its fixed assets to generate sales.

On the other hand, Hasbro's total asset turnover ratio has also shown an increasing trend, albeit with some fluctuations. The ratio rose from 0.49 in March 2020 to 0.77 in March 2024. This indicates that the company is generating more sales relative to its total assets over time, which is a positive sign of efficiency in asset utilization.

Overall, both the fixed asset turnover and total asset turnover ratios for Hasbro Inc suggest that the company has been effectively managing its assets to generate revenue, with a notable improvement in asset turnover efficiency over the years.