ICU Medical Inc (ICUI)

Short-term

Turnover ratios

ICU Medical Inc's activity ratios provide insights into the efficiency of its operations related to managing inventory, receivables, payables, and working capital.

1. Inventory Turnover: ICU Medical's inventory turnover ratio indicates how many times the company sells and replaces its inventory during a specific period. The trend shows a generally stable or slightly increasing inventory turnover from March 2020 to December 2024, fluctuating between 1.85 and 2.84. A higher inventory turnover generally suggests efficient inventory management.

2. Receivables Turnover: The absence of data for receivables turnover indicates that information on how quickly the company collects its accounts receivable is not available in the provided dataset. A higher receivables turnover usually indicates effective credit policies and timely collection of outstanding payments.

3. Payables Turnover: Similar to receivables turnover, the lack of data for payables turnover suggests that information on how quickly the company pays its creditors is not provided. A higher payables turnover typically indicates efficient management of trade payables.

4. Working Capital Turnover: The working capital turnover ratio measures how efficiently a company is using its working capital to generate sales revenue. The trend for ICU Medical's working capital turnover shows an increasing trend from March 2020 to September 2024, ranging between 1.57 and 3.30. A higher working capital turnover ratio indicates efficient utilization of funds to generate sales.

In summary, ICU Medical Inc's activity ratios suggest effective inventory management and working capital utilization; however, the absence of data for receivables and payables turnover limits a comprehensive analysis of its overall efficiency in managing accounts receivable and payables.

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Average number of days

ICU Medical Inc's Days of Inventory on Hand (DOH) has experienced fluctuations over the analyzed period, ranging from 128.44 days to 196.99 days. The trend shows some variability, with the latest data pointing to a decrease in inventory turnover efficiency.

The Days of Sales Outstanding (DSO) and Number of Days of Payables data were not available for analysis, limiting the comprehensive assessment of ICU Medical Inc's overall activity ratios. These ratios typically provide insights into the effectiveness of managing receivables and payables.

In conclusion, while the Days of Inventory on Hand ratio indicates some challenges in inventory management efficiency, the absence of DSO and payables data restricts a holistic evaluation of ICU Medical Inc's activity ratios. Further analysis incorporating these additional ratios would provide a more comprehensive view of the company's operational effectiveness.

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Long-term

The fixed asset turnover ratio for ICU Medical Inc has shown some fluctuations over the years, ranging from a high of 3.72 in June 2023 to a low of 2.29 in March 2022. This ratio measures the efficiency of the company in generating sales revenue from its fixed assets. An increasing trend in the fixed asset turnover ratio indicates that the company is utilizing its fixed assets more effectively to generate sales.

On the other hand, the total asset turnover ratio has also varied over time, with values ranging from 0.32 in March 2022 to 0.57 in December 2024. This ratio reflects the company's ability to generate sales from all its assets. A higher total asset turnover ratio suggests that the company is generating more sales relative to its total assets.

Overall, it appears that ICU Medical Inc has shown improvements in both its fixed asset turnover and total asset turnover ratios in recent years, indicating better efficiency in utilizing its assets to generate sales. Monitoring these ratios can provide valuable insights into the company's asset management practices and operational efficiency.