IDACORP Inc (IDA)
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 | 5.94 | 6.71 | 7.63 | 8.34 | 9.03 | 9.44 | 10.50 | 11.52 | 12.25 | 13.69 | 12.48 | 11.68 | 11.97 | 10.88 | 10.21 | 10.90 | 10.75 | 9.46 | 8.37 | 8.03 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 6.33 | 4.30 | 6.29 | 6.49 | 4.77 | 3.24 | 6.73 | 3.77 | 11.33 | 8.45 | 6.08 | 5.23 | 5.40 | 4.29 | 4.15 | 4.14 | 3.81 | 3.48 | 3.38 | 5.72 |
IDACORP Inc's Inventory turnover ratio has shown a consistent increasing trend over the years, indicating that the company is efficiently managing its inventory levels. The ratio increased from 8.03 in March 2020 to 5.94 in December 2024.
The Receivables turnover ratio data is not available, which makes it challenging to assess the efficiency of the company in collecting outstanding receivables from customers.
Similarly, the Payables turnover ratio data is not provided, preventing an analysis of how effectively the company is managing its payments to suppliers.
The Working Capital turnover ratio fluctuated over the years, showing variations in how efficiently the company is utilizing its working capital to generate sales revenue. For instance, it ranged from 3.24 in September 2023 to 11.33 in December 2022.
In conclusion, while the Inventory turnover ratio reflects efficient inventory management by IDACORP Inc, the unavailability of data for Receivables turnover and Payables turnover ratios limits a comprehensive assessment of the company's overall activity 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 | 61.45 | 54.42 | 47.83 | 43.75 | 40.41 | 38.66 | 34.76 | 31.67 | 29.79 | 26.67 | 29.25 | 31.24 | 30.50 | 33.53 | 35.76 | 33.49 | 33.95 | 38.60 | 43.61 | 45.48 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data for IDACORP Inc, let's analyze the activity ratios:
1. Days of Inventory on Hand (DOH):
- The DOH shows the number of days a company holds inventory before it is sold.
- IDACORP Inc's DOH has been gradually decreasing over the quarters, indicating a more efficient management of inventory.
- The decreasing trend in DOH is generally positive as it suggests better control over inventory levels and potentially lower holding costs.
2. Days of Sales Outstanding (DSO):
- The DSO ratio was not provided in the data, which indicates that the company's accounts receivable turnover was not disclosed.
- Without the DSO ratio, it is challenging to evaluate the efficiency of IDACORP Inc in collecting its receivables.
3. Number of Days of Payables:
- Similarly, the data does not include the Number of Days of Payables, which would have shown the time it takes for the company to pay its suppliers.
- Without this ratio, it is difficult to assess the company's ability to manage its payables effectively and optimize cash flow.
In conclusion, based on the available data, IDACORP Inc has shown improvement in managing its inventory levels efficiently over the quarters. However, a complete analysis of the company's activity ratios is limited due to the absence of information on Days of Sales Outstanding and Number of Days of Payables.
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 | — | — | — | — | — | 1.83 | 0.33 | 0.33 | 0.32 | 0.31 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.34 | 0.29 | 0.29 | 0.28 | 0.28 |
| Total asset turnover | 0.20 | 0.20 | 0.21 | 0.21 | 0.21 | 0.21 | 0.23 | 0.22 | 0.22 | 0.21 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.19 | 0.19 | 0.19 | 0.18 | 0.19 |
The fixed asset turnover ratio for IDACORP Inc has shown a gradual increase over the last few reporting periods, reaching a high of 1.83 in September 30, 2023 before data became unavailable for subsequent periods. This indicates that the company is generating more revenue relative to its fixed assets, which is a positive sign of efficiency in asset utilization.
On the other hand, the total asset turnover ratio has also exhibited a rising trend, starting from 0.18 in June 30, 2020, and peaking at 0.23 in June 30, 2023 before declining slightly to 0.21 in December 31, 2024. This ratio reflects how effectively the company is using all its assets to generate revenue.
Overall, the increasing trends in both fixed asset turnover and total asset turnover ratios indicate that IDACORP Inc's assets are being efficiently utilized to generate revenue, which can be a favorable sign for investors and stakeholders. It suggests that the company is effectively managing its asset base to drive sales and potentially improve profitability in the long term.