Hawkins Inc (HWKN)

Activity ratios

Short-term

Turnover ratios

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019
Inventory turnover 9.73 10.76 11.05 10.00 8.67 7.52 6.50 6.53 6.61 7.51 7.59 7.41 7.41 6.99 6.90 6.83 8.07 7.68 7.40 7.80
Receivables turnover 8.03 8.18 7.49 6.79 7.23 — — — 6.31 6.95 7.44 6.98 6.58 7.28 7.30 7.72 8.02 9.55 8.39 8.02
Payables turnover 12.87 17.28 12.37 13.84 14.34 15.11 12.06 12.16 9.42 13.01 12.42 13.22 12.68 14.49 13.33 13.93 12.87 16.52 15.19 14.31
Working capital turnover 9.24 8.01 8.29 7.11 6.62 5.99 5.59 5.08 6.13 5.33 6.83 6.27 6.45 5.87 6.49 6.40 7.85 7.14 6.92 6.72

The inventory turnover ratio for Hawkins Inc has shown a generally increasing trend over the past several quarters, indicating that the company is selling its inventory at a faster rate. This suggests efficient management of inventory levels.

The receivables turnover ratio has fluctuated over the periods provided, with a general trend of variability. This indicates that the company's effectiveness in collecting outstanding receivables has been inconsistent.

The payables turnover ratio has also fluctuated but generally remained at a relatively stable level over the periods analyzed. This suggests that Hawkins Inc is maintaining its payment obligations to suppliers in a consistent manner.

The working capital turnover ratio has shown fluctuations as well, indicating variability in how efficiently the company is utilizing its working capital to generate revenue. However, the overall trend suggests a moderate level of stability in this aspect of the business.

Overall, while Hawkins Inc appears to effectively manage its inventory and payables, there are areas of improvement needed in the management of receivables and working capital to enhance overall operational efficiency.

Average number of days

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019
Days of inventory on hand (DOH) days 37.53 33.92 33.02 36.50 42.08 48.52 56.19 55.90 55.20 48.60 48.06 49.28 49.27 52.25 52.92 53.44 45.23 47.53 49.31 46.82
Days of sales outstanding (DSO) days 45.46 44.63 48.72 53.74 50.45 — — — 57.88 52.53 49.03 52.28 55.51 50.12 50.00 47.29 45.53 38.24 43.51 45.49
Number of days of payables days 28.37 21.13 29.50 26.38 25.46 24.15 30.26 30.02 38.76 28.06 29.38 27.60 28.79 25.18 27.39 26.19 28.36 22.09 24.02 25.50

Hawkins Inc's Days of Inventory on Hand (DOH) has shown some fluctuations over the past several quarters, ranging from a low of 33.02 days to a high of 56.19 days. The trend indicates some volatility in managing inventory levels efficiently. Lower DOH values suggest faster inventory turnover and better liquidity, while higher values may indicate overstocking or slower sales.

The Days of Sales Outstanding (DSO) metric reflects the efficiency of Hawkins Inc's accounts receivable management. The DSO has varied significantly, from a low of 44.63 days to a high of 57.88 days. A lower DSO is preferable as it indicates quicker collection of receivables, whereas a higher DSO may point to issues with credit policies or collection procedures.

In terms of the Number of Days of Payables, Hawkins Inc has experienced fluctuations in the time taken to pay suppliers, ranging from 21.13 days to 38.76 days. A higher number of days of payables suggests that the company is taking longer to settle its bills, potentially indicating stronger bargaining power with suppliers or financial stress.

Overall, the analysis of Hawkins Inc's activity ratios highlights the importance of effectively managing inventory levels, accounts receivable, and accounts payable to optimize liquidity, working capital, and operational efficiency.

Long-term

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019
Fixed asset turnover 4.40 4.54 4.85 4.93 5.03 5.21 5.25 5.05 4.79 4.85 4.68 4.46 4.13 4.08 4.27 4.22 4.28 4.31 4.41 4.48
Total asset turnover 1.40 1.44 1.63 1.59 1.58 1.57 1.50 1.41 1.37 1.37 1.40 1.34 1.26 1.27 1.29 1.34 1.39 1.40 1.40 1.39

The long-term activity ratios of Hawkins Inc provide insights into the company's efficiency in managing its assets. The Fixed Asset Turnover ratio has remained relatively stable over the periods, with a slight decline from 5.03 in March 2023 to 4.40 in March 2024. This indicates that the company generated $4.40 in revenue for every dollar invested in fixed assets in the most recent period.

On the other hand, the Total Asset Turnover ratio fluctuated, reaching its peak at 1.63 in September 2023 before declining to 1.40 in December 2021. This ratio measures how well the company utilizes all its assets to generate revenue, showing that it generated $1.40 in revenue for every dollar of total assets in the latest period.

Overall, the Fixed Asset Turnover ratio suggests that Hawkins Inc efficiently utilizes its fixed assets to generate revenue, while the Total Asset Turnover ratio indicates that the company effectively utilizes all its assets to generate revenue, though there have been fluctuations in this ratio over the periods analyzed.