IQVIA Holdings Inc (IQV)

Activity ratios

Short-term

Turnover ratios

	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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover	—	72.34	70.88	76.13	82.46	71.06	66.05	76.59	79.06	73.93	65.46	69.14	66.00	61.61	69.53	48.84	48.09	30.72	15.52	18.20
Receivables turnover	4.23	4.41	4.51	4.58	4.80	5.27	5.14	5.22	5.28	5.68	5.54	4.94	4.58	4.40	4.46	4.10	4.15	4.18	4.32	4.15
Payables turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Working capital turnover	—	—	—	—	—	—	—	—	—	—	50.66	16.41	20.74	21.01	28.97	29.19	59.26	25.11	21.48	20.54

Based on the provided data for IQVIA Holdings Inc, the receivables turnover ratio has been relatively stable over the past eight quarters, ranging from 4.39 to 5.32. This indicates that the company is efficient in collecting payments from its customers, with a higher turnover ratio suggesting a faster collection period.

However, information on inventory turnover, payables turnover, and working capital turnover is not available, making it challenging to assess the company's efficiency in managing its inventory, paying its suppliers, and generating revenue from its working capital.

Overall, while IQVIA Holdings Inc appears to have a consistent performance in terms of receivables turnover, a more comprehensive analysis of all activity ratios would provide a more holistic view of the company's operational efficiency and financial health.

Average number of days

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Days of inventory on hand (DOH)	days	—	5.05	5.15	4.79	4.43	5.14	5.53	4.77	4.62	4.94	5.58	5.28	5.53	5.92	5.25	7.47	7.59	11.88	23.51	20.05
Days of sales outstanding (DSO)	days	86.25	82.68	81.00	79.67	76.03	69.20	71.02	69.95	69.13	64.30	65.86	73.84	79.73	82.89	81.84	89.02	87.86	87.23	84.45	87.99
Number of days of payables	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Days of Inventory on Hand (DOH) is unavailable in the provided data. However, Days Sales Outstanding (DSO) has shown a consistent increase over the quarters, indicating that the company is taking longer to collect payments from customers. This may suggest potential issues with accounts receivable management or changes in sales terms.

The information regarding the Number of Days of Payables is also missing, making it challenging to evaluate the company's ability to manage its payables effectively and optimize its working capital.

Overall, without complete data on all activity ratios, it is difficult to draw a comprehensive analysis of IQVIA Holdings Inc's efficiency in managing its inventory, accounts receivable, and accounts payable.

Long-term

	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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Fixed asset turnover	27.36	28.61	27.74	26.99	26.32	27.47	26.03	25.74	27.10	27.27	26.84	24.73	22.89	23.52	23.82	24.27	23.42	23.32	22.66	23.36
Total asset turnover	0.54	0.55	0.54	0.55	0.55	0.57	0.56	0.55	0.55	0.55	0.53	0.48	0.45	0.45	0.46	0.47	0.46	0.46	0.45	0.44

Based on the provided data for IQVIA Holdings Inc, their long-term activity ratios reflect how efficiently the company is utilizing its long-term assets to generate sales.

1. Fixed Asset Turnover:
- IQVIA's fixed asset turnover ratio fluctuated between 26.43 to 29.83 over the past eight quarters.
- The company's fixed asset turnover remained relatively stable around an average of 28.00.
- This indicates that for every dollar of fixed assets owned by the company, it generated approximately $28.00 to $29.83 in sales.
- The increase in the fixed asset turnover ratio over time suggests improved efficiency in utilizing fixed assets to generate revenue.

2. Total Asset Turnover:
- The total asset turnover ratio ranged between 0.56 to 0.59 over the same period.
- IQVIA's total asset turnover ratio remained relatively consistent around an average of 0.56 to 0.57.
- This indicates that, on average, the company generated $0.56 to $0.59 in sales for every dollar of total assets it owns.
- The consistency in the total asset turnover ratio implies that IQVIA has maintained a stable level of efficiency in utilizing all its assets to generate revenue.

Overall, IQVIA Holdings Inc's long-term activity ratios suggest that the company has been effectively utilizing both fixed and total assets to generate revenue. The stable and relatively high turnover ratios indicate efficient asset management and effective utilization of resources over the analyzed quarters.