IDACORP Inc (IDA)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Inventory turnover | 1.74 | 9.03 | 12.25 | 11.78 | 10.75 |
| Receivables turnover | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
| Working capital turnover | 6.35 | 4.77 | 11.33 | 5.40 | 3.81 |
Based on the provided data for IDACORP Inc's activity ratios:
1. Inventory Turnover:
Overall, IDACORP Inc's inventory turnover has been increasing over the years, indicating that the company is managing its inventory more efficiently. The ratio has improved from 10.75 in 2020 to 12.25 in 2022 but dropped significantly to 1.74 in 2024. The sudden drop in 2024 could be a cause for concern as it may indicate issues with inventory management or changes in business operations.
2. Receivables Turnover:
There is no data available for IDACORP Inc's receivables turnover for the years provided (2020-2024). This could suggest that the company does not report this metric, or it may not be relevant due to the nature of their business or industry.
3. Payables Turnover:
Similar to receivables turnover, there is no data available for IDACORP Inc's payables turnover for the years provided (2020-2024). This could indicate that the company either does not track this metric or it may not be a significant factor in their business operations.
4. Working Capital Turnover:
IDACORP Inc's working capital turnover has fluctuated over the years, with a significant increase from 3.81 in 2020 to 11.33 in 2022, indicating a more efficient utilization of working capital. However, the ratio decreased in 2023 and 2024 to 4.77 and 6.35, respectively. While the ratios are still relatively high, the fluctuation suggests changes in the company's working capital management strategies.
Overall, IDACORP Inc appears to have a strong focus on managing its inventory efficiently and utilizing its working capital effectively. The lack of data for receivables and payables turnover ratios makes it challenging to provide a comprehensive analysis of the company's overall activity ratios. Further information in these areas would provide a more complete picture of IDACORP Inc's financial performance.
Average number of days
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 210.13 | 40.41 | 29.79 | 30.99 | 33.95 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
IDACORP Inc's activity ratios indicate the efficiency of the company in managing its working capital and operations.
1. Days of Inventory on Hand (DOH):
- In 2020, the company had 33.95 days of inventory on hand, which decreased to 30.99 days in 2021 and further to 29.79 days in 2022, showing an improvement in inventory management efficiency.
- However, in 2023, the DOH increased significantly to 40.41 days, indicating a slowdown in inventory turnover.
- The ratio spiked in 2024 to 210.13 days, which could suggest inventory management challenges, excess inventory, or changes in the business model.
2. Days of Sales Outstanding (DSO):
- The data for DSO is not provided for any year, which makes it challenging to assess the company's efficiency in collecting accounts receivable.
3. Number of Days of Payables:
- The information on the number of days of payables is not available for any year, making it impossible to evaluate how long IDACORP Inc takes to pay its suppliers.
Overall, while the declining trend in the Days of Inventory on Hand ratio from 2020 to 2022 is positive, the significant increase in 2023 and a substantial spike in 2024 raise concerns about the company's inventory management practices. Further data on Days of Sales Outstanding and Number of Days of Payables would provide a more complete picture of IDACORP Inc's overall efficiency in managing its working capital.
Long-term
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 0.32 | 0.30 | 0.29 |
| Total asset turnover | 0.20 | 0.21 | 0.22 | 0.20 | 0.19 |
The fixed asset turnover ratio for IDACORP Inc has shown a slight improvement over the years, indicating that the company is generating more revenue relative to its investment in fixed assets. The ratio has increased from 0.29 in 2020 to 0.30 in 2021 and further to 0.32 in 2022. However, the data for 2023 and 2024 is unavailable.
In contrast, the total asset turnover ratio for the company has been relatively stable, with a slight fluctuation. It was 0.19 in 2020, increased to 0.20 in 2021, further to 0.22 in 2022, and then decreased to 0.21 in 2023 before dropping back to 0.20 in 2024. This ratio measures the company's ability to generate revenue from its total assets.
Overall, the company's fixed asset turnover ratio has shown a positive trend, while the total asset turnover ratio has been relatively stable with some minor variations.