IAC Inc. (IAC)
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 | — | — | — | — | — | — | — | — | — | — | — | — | 42.51 | — | — | — | 3.28 | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 2.38 | 2.54 | 2.73 | 2.89 | 3.38 | 3.83 | 4.07 | 3.62 | 3.53 | 3.69 | 3.35 | 2.92 | 2.54 | 1.10 | 1.03 | 0.90 | 0.90 | 1.44 | 1.87 | 2.64 |
Inventory Turnover Ratio:
- IAC Inc.'s inventory turnover ratio has shown a significant increase from 3.28 in December 2020 to 42.51 in December 2021. This indicates that the company's inventory is being sold more efficiently in 2021.
Receivables Turnover Ratio:
- The receivables turnover ratio is not provided for the periods in the data. As a result, we cannot make an assessment of how quickly IAC Inc. collects its accounts receivable.
Payables Turnover Ratio:
- The payables turnover ratio is not available for analysis in the data, so no conclusion can be drawn regarding how quickly the company pays its suppliers.
Working Capital Turnover Ratio:
- The working capital turnover ratio has been increasing steadily from 0.90 in December 2020 to 2.38 in December 2024. This indicates that IAC Inc. is generating sales more efficiently in relation to its working capital over the years, reflecting a positive trend in the company's operational 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 | — | — | — | — | — | — | — | — | — | — | — | — | 8.59 | — | — | — | 111.14 | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data, the activity ratios for IAC Inc. can be evaluated as follows:
1. Days of Inventory on Hand (DOH):
- As of December 31, 2020, the company had an inventory turnover of approximately 111.14 days. This indicates that on average, it took 111.14 days for the company to sell its inventory.
- Subsequently, the DOH improved significantly by December 31, 2021, reaching only 8.59 days. This implies a more efficient management of inventory during this period.
- However, from December 31, 2021, until December 31, 2024, specific data points are not available, thus making it difficult to assess the trend in inventory turnover over this period.
2. Days of Sales Outstanding (DSO):
- The DSO data is not provided from March 31, 2020, until December 31, 2024. Therefore, the company's management of accounts receivable in terms of turnover days cannot be determined from the available information.
3. Number of Days of Payables:
- Similar to DSO, the number of days of payables information is not disclosed, making it challenging to analyze the company's payment terms and management of accounts payables.
In conclusion, the limited data available for Days of Inventory on Hand (DOH) suggests improvements in inventory turnover efficiency from December 31, 2020, to December 31, 2021. However, without details on Days of Sales Outstanding (DSO) and Number of Days of Payables, a comprehensive assessment of IAC Inc.'s overall activity performance cannot be made based on the provided information.
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 | — | — | — | — | — | — | 24.82 | 26.66 | 29.72 | 29.90 | 28.27 | 25.28 | 23.21 | 12.00 | 12.22 | 30.29 | 28.27 | 46.42 | 47.59 | 12.85 |
| Total asset turnover | 0.40 | 0.39 | 0.40 | 0.41 | 0.42 | 0.45 | 0.45 | 0.46 | 0.50 | 0.49 | 0.44 | 0.36 | 0.30 | 0.37 | 0.36 | 0.33 | 0.33 | 0.58 | 0.76 | 0.86 |
IAC Inc.'s fixed asset turnover ratio provides insight into how efficiently the company utilizes its fixed assets to generate sales. From March 31, 2020, to June 30, 2021, there was a significant increase in the ratio, indicating improved efficiency in utilizing fixed assets to generate revenue. However, there was a notable decrease in the ratio from June 30, 2021, to March 31, 2024, suggesting a potential decline in the company's ability to generate sales from its fixed assets.
On the other hand, the total asset turnover ratio reflects how efficiently the company is utilizing all its assets to generate sales. The ratio fluctuated over the period under consideration, with some periods showing improvements while others showed declines. Notably, the ratio improved from December 31, 2022, to March 31, 2024, indicating a better utilization of total assets to generate revenue.
Overall, while the fixed asset turnover ratio showed some volatility, the total asset turnover ratio demonstrated an inconsistent but overall improving trend over the years. These ratios suggest that IAC Inc. may have opportunities to enhance its asset utilization efficiency further to drive revenue growth and profitability.