Hillenbrand Inc (HI)
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 | 3.21 | 3.16 | 3.13 | 2.88 | 2.73 | 3.20 | 2.50 | 2.80 | 3.27 | 3.67 | 4.50 | 4.62 | 4.52 | 4.42 | 3.70 | 3.47 | 2.98 | 7.51 | 6.30 | 6.34 |
| Receivables turnover | 4.60 | 4.29 | 4.45 | 3.99 | 4.03 | 4.41 | 3.67 | 4.08 | 4.74 | 5.03 | 6.71 | 6.14 | 5.67 | 6.03 | 4.98 | 4.47 | 3.57 | 4.54 | 5.03 | 4.93 |
| Payables turnover | 4.62 | 4.14 | 4.42 | 4.11 | 4.06 | 4.18 | 2.88 | 3.14 | 3.71 | 4.18 | 5.61 | 6.05 | 6.41 | 6.27 | 5.93 | 4.93 | 3.77 | 5.18 | 5.24 | 5.59 |
| Working capital turnover | 8.49 | 8.93 | 6.60 | 7.37 | 4.91 | 7.12 | 5.27 | 4.49 | 5.40 | 5.61 | 6.70 | 6.84 | 5.51 | 4.86 | 4.86 | 3.84 | 5.74 | 4.17 | 13.62 | 12.42 |
Inventory Turnover:
Hillenbrand's inventory turnover has remained relatively stable over the past eight quarters, fluctuating between 3.17 and 3.94. This indicates that the company is efficient in managing its inventory levels and converting it into sales. However, there was a slight decrease in Q4 2023 compared to the previous quarter.
Receivables Turnover:
The company's receivables turnover ratio has also shown consistency, ranging from 4.29 to 6.09 over the same period. This suggests that Hillenbrand efficiently collects its accounts receivable, with a minor decline in Q4 2023 compared to the prior quarter.
Payables Turnover:
Hillenbrand's payables turnover has shown some variability, but generally remained within a narrow range of 4.16 to 4.88. This indicates that the company efficiently manages its accounts payable, maintaining a balanced approach to its payment obligations. There was a notable increase in Q1 2023 compared to Q4 2022.
Working Capital Turnover:
The working capital turnover ratio for Hillenbrand has fluctuated significantly over the past eight quarters, with values ranging from 5.86 to 9.05. This implies that the company is effectively utilizing its working capital to generate sales, with varying levels of efficiency across different periods. Notably, there was a notable increase in Q4 2023 compared to Q3 2022.
In general, Hillenbrand Inc's activity ratios suggest that the company efficiently manages its inventory, receivables, payables, and working capital to support its operations and generate revenue. It is essential for the company to continue monitoring these ratios to ensure optimal performance 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 | 113.78 | 115.58 | 116.70 | 126.55 | 133.94 | 114.24 | 146.02 | 130.54 | 111.58 | 99.55 | 81.20 | 79.03 | 80.71 | 82.57 | 98.67 | 105.28 | 122.61 | 48.60 | 57.94 | 57.56 |
| Days of sales outstanding (DSO) | days | 79.32 | 85.10 | 81.93 | 91.46 | 90.59 | 82.86 | 99.39 | 89.38 | 77.05 | 72.53 | 54.39 | 59.48 | 64.35 | 60.56 | 73.25 | 81.57 | 102.26 | 80.48 | 72.63 | 74.05 |
| Number of days of payables | days | 79.05 | 88.06 | 82.60 | 88.84 | 89.95 | 87.28 | 126.57 | 116.21 | 98.37 | 87.39 | 65.07 | 60.31 | 56.97 | 58.19 | 61.60 | 74.09 | 96.79 | 70.42 | 69.67 | 65.33 |
Days of Inventory on Hand (DOH) measures the average number of days a company takes to sell its inventory. Hillenbrand Inc's DOH has been relatively consistent over the past eight quarters, ranging from 89.04 to 115.19 days. The recent DOH of 113.40 days in Q1 2024 indicates the company holds inventory for approximately 113 days before selling it.
Days of Sales Outstanding (DSO) indicates the average number of days it takes for a company to collect revenue after a sale is made. Hillenbrand Inc's DSO has shown fluctuation, with the latest figure at 79.32 days in Q1 2024. This suggests that on average, Hillenbrand Inc collects revenue from its sales in around 79 days.
Number of Days of Payables measures the average number of days it takes for a company to pay its suppliers. Hillenbrand Inc's payables period has also varied but has been relatively stable, ranging from 74.75 to 87.76 days in the last eight quarters. The most recent figure of 78.79 days in Q1 2024 indicates that the company takes around 79 days to pay its suppliers.
Overall, Hillenbrand Inc's activity ratios suggest that the company is managing its inventory, receivables, and payables efficiently, with some minor fluctuations in performance over the quarters.
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 | 8.80 | 8.81 | 9.00 | 8.57 | 8.43 | 9.98 | 6.56 | 6.96 | 7.35 | 7.60 | 9.52 | 9.16 | 8.59 | 8.01 | 6.96 | 6.16 | 4.93 | 13.97 | 13.15 | 13.05 |
| Total asset turnover | 0.53 | 0.51 | 0.56 | 0.52 | 0.49 | 0.60 | 0.47 | 0.48 | 0.53 | 0.56 | 0.69 | 0.69 | 0.66 | 0.63 | 0.57 | 0.51 | 0.44 | 0.81 | 0.95 | 0.95 |
Hillenbrand Inc's fixed asset turnover has been relatively stable, ranging between 8.80 and 10.49 over the past eight quarters. This indicates that the company generates between $8.80 and $10.49 in sales for every dollar invested in fixed assets. The consistent high fixed asset turnover suggests efficient utilization of the company's fixed assets to generate revenue.
On the other hand, the total asset turnover ratio has fluctuated more, ranging from 0.51 to 0.76 over the same period. This metric reflects how efficiently the company is using all its assets to generate revenue. A total asset turnover ratio below 1 indicates that the company is not generating enough sales relative to its total assets. The fluctuations in total asset turnover may be attributed to changes in the company's asset base or revenue generation across different quarters.
Overall, Hillenbrand Inc's long-term activity ratios show a relatively stable performance in terms of fixed asset utilization efficiency, with a varying performance in total asset turnover efficiency over the past two years. Additional analysis and context about the company's business operations and industry dynamics would provide a more comprehensive assessment of its performance.