Innoviva Inc (INVA)
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 | 1.67 | 2.12 | 1.98 | 1.69 | 1.29 | 0.98 | 0.71 | 0.56 | 0.37 | 0.20 | 2.78 | — | — | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 1.15 | 2.05 | 1.03 | 1.13 | 1.03 | 1.08 | 1.02 | 1.23 | 0.82 | 1.11 | 1.47 | 1.30 | 1.27 | 1.60 | 2.56 | 0.93 | 1.00 | 0.57 | 0.61 | 0.61 |
Inventory Turnover: Innoviva's inventory turnover has been gradually increasing from 2.78 in June 2022 to 1.67 in December 2024. This indicates that the company's efficiency in managing and selling its inventory has improved over the period.
Receivables Turnover: The data shows that there is no information available for the receivables turnover ratio from March 2020 to December 2024. This lack of information makes it challenging to assess how quickly the company is collecting on its receivables.
Payables Turnover: Similar to the receivables turnover, there is no data provided for the payables turnover ratio from March 2020 to December 2024. As a result, it is difficult to gauge how effectively the company is managing its payables.
Working Capital Turnover: The working capital turnover ratio, reflecting how efficiently working capital is being used to generate sales, has fluctuated over the period. It increased from 0.61 in March 2020 to a peak of 2.56 in June 2021 before settling at 1.15 in December 2024. Overall, the company has effectively utilized its working capital in generating sales, albeit with some variability.
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 | 218.01 | 172.54 | 184.29 | 216.19 | 282.50 | 373.22 | 516.25 | 653.49 | 976.89 | 1,816.46 | 131.20 | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Innoviva Inc's Days of Inventory on Hand (DOH) has experienced fluctuations over the years. From June 2022 to December 2024, the company's inventory turnover has slowly decreased from 131.20 days to 218.01 days. This suggests that it takes the company longer to sell its inventory, which could potentially lead to higher carrying costs and product obsolescence.
The Days of Sales Outstanding (DSO) for Innoviva Inc remained constant at "— days" for the entire period from March 2020 to December 2024. This indicates that the company has not significantly improved its collection efficiency, and the average number of days it takes to collect outstanding sales remains undisclosed.
There is no provided data for the Number of Days of Payables for Innoviva Inc throughout the period from March 2020 to December 2024. This makes it challenging to assess the company's payment practices and relationships with suppliers.
In conclusion, while Innoviva Inc's Days of Inventory on Hand has shown a concerning trend of increasing over time, further information on its Days of Sales Outstanding and Number of Days of Payables is necessary to gauge the company's overall efficiency in managing its working capital.
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 | — | — | — | — | — | — | — | 1,764.73 | 96.46 | 2,261.92 | 2,294.44 | 99.47 | 32,655.50 | 24,977.47 | 19,236.53 | 14,318.08 | 12,028.36 | 9,766.33 | 8,090.54 | 6,774.07 |
| Total asset turnover | 0.28 | 0.29 | 0.28 | 0.25 | 0.25 | 0.24 | 0.26 | 0.28 | 0.27 | 0.28 | 0.35 | 0.36 | 0.42 | 0.42 | 0.46 | 0.32 | 0.34 | 0.35 | 0.34 | 0.36 |
The Fixed Asset Turnover ratio for Innoviva Inc has shown a significant fluctuation over the years. The ratio started increasing from March 31, 2020, reaching its peak on December 31, 2021, and then experienced a drastic decline by March 31, 2022. Subsequently, the ratio fluctuated before dropping significantly by December 31, 2022. It then rose again by March 31, 2023, before data becomes unavailable for subsequent periods.
The Total Asset Turnover ratio also shows variability in performance. Initially, the ratio was relatively low, fluctuating from March 31, 2020, to December 31, 2020. A notable increase was observed from June 30, 2021, to September 30, 2021, before showing some inconsistency over the following periods.
Overall, the Fixed Asset Turnover ratio indicates how effectively the company is utilizing its fixed assets to generate revenue, while the Total Asset Turnover ratio demonstrates the efficiency of utilizing all assets to generate sales. The fluctuations in these ratios suggest inconsistencies in the company's asset management and revenue generation strategies over the analyzed period.