Harmonic Inc (HLIT)
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 | 4.99 | 4.20 | 3.38 | 3.31 | 3.55 | 2.78 | 2.64 | 2.31 | 2.56 | 3.11 | 3.53 | 3.29 | 3.48 | 4.43 | 5.00 | 5.59 | 5.25 | 5.01 | 5.56 | 5.26 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 3.42 | 3.57 | 4.18 | 22.02 | 10.77 | 11.22 | 14.46 | 19.72 | 24.39 | 5.37 | 5.04 | 5.74 | 5.14 | 5.52 | 3.93 | 6.05 | 4.17 | 5.41 | 6.25 | 11.50 |
Based on the provided data regarding Harmonic Inc's activity ratios:
1. Inventory Turnover:
- The inventory turnover ratio measures the efficiency of a company in managing its inventory. Harmonic Inc's inventory turnover has been decreasing over the years, indicating that the company is taking longer to sell its inventory. A lower inventory turnover may suggest overstocking or slow-moving inventory.
2. Receivables Turnover:
- Unfortunately, there is no data available for the receivables turnover ratio for Harmonic Inc. This ratio would have provided insight into how quickly the company collects its accounts receivables from customers.
3. Payables Turnover:
- Similarly, there is no data provided for the payables turnover ratio for Harmonic Inc. This ratio would have helped assess how quickly the company pays its suppliers or creditors.
4. Working Capital Turnover:
- The working capital turnover ratio indicates how efficiently a company is using its working capital to generate sales. Harmonic Inc's working capital turnover has shown significant fluctuations, with some periods showing a high turnover and others showing a very low turnover. The spike in December 2022 and subsequent decline indicates a significant change in the company's working capital management practices.
In summary, while the inventory turnover for Harmonic Inc has been on a downward trend, the lack of data for receivables turnover and payables turnover limits a comprehensive assessment of the company's efficiency in managing its receivables and payables. The fluctuations in the working capital turnover highlight the importance of monitoring working capital management practices to ensure optimal efficiency.
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 | 73.21 | 86.99 | 107.97 | 110.20 | 102.70 | 131.13 | 138.02 | 157.84 | 142.83 | 117.23 | 103.53 | 110.92 | 105.03 | 82.47 | 72.95 | 65.32 | 69.55 | 72.86 | 65.61 | 69.41 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Harmonic Inc's Days of Inventory on Hand (DOH) has shown fluctuations over the past few years. The company's inventory holding period has increased significantly from 69.41 days in March 31, 2020, to a peak of 157.84 days in March 31, 2023, before declining to 73.21 days by December 31, 2024.
However, the Days of Sales Outstanding (DSO) and Number of Days of Payables data are not available, which limits a comprehensive analysis of Harmonic Inc's activity ratios.
To better assess the company's efficiency in managing inventory, collecting receivables, and paying its payables, additional information regarding DSO and Number of Days of Payables is required. Overall, Harmonic Inc's management of its inventory levels warrants closer monitoring to ensure optimal working capital management.
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 | — | — | — | — | — | 10.33 | 16.84 | 16.31 | 9.57 | 9.38 | 8.53 | 12.75 | 6.88 | 6.61 | 6.06 | 9.55 | 8.78 | 8.82 | 9.44 | 10.82 |
| Total asset turnover | 0.85 | 0.82 | 0.78 | 0.77 | 0.79 | 0.90 | 0.92 | 0.90 | 0.88 | 0.88 | 0.84 | 0.78 | 0.73 | 0.75 | 0.69 | 0.68 | 0.64 | 0.66 | 0.70 | 0.70 |
The Fixed Asset Turnover ratio measures how efficiently a company is utilizing its fixed assets to generate sales. In the case of Harmonic Inc, we can observe a fluctuating trend in the Fixed Asset Turnover ratio over the years, indicating varying levels of efficiency in utilizing its fixed assets. The ratio ranged from a high of 16.84 in June 30, 2023, to a low of 6.06 in June 30, 2021. Notably, there is a significant increase in the Fixed Asset Turnover ratio from March 31, 2023, to December 31, 2023, which might suggest an improvement in the company's efficiency in generating sales from its fixed assets.
On the other hand, the Total Asset Turnover ratio reflects how well the company is using all its assets to generate revenue. Harmonic Inc's Total Asset Turnover ratio has shown a relatively stable trend over the years, with values ranging from 0.64 to 0.92. The ratio peaked at 0.92 in June 30, 2023, indicating a high level of effectiveness in generating sales relative to its total assets. However, there was a slight decline in the ratio in the following periods.
Overall, while the Fixed Asset Turnover ratio fluctuated, the Total Asset Turnover ratio remained relatively stable, suggesting that Harmonic Inc has been maintaining a consistent level of efficiency in utilizing its assets to generate revenue, with room for potential improvements in optimizing the use of fixed assets for sales generation.