Gartner Inc (IT)
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 | — | — | — | — | 10.62 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 3.74 | 5.24 | 4.63 | 3.78 | 3.51 | 4.98 | 4.29 | 3.64 | 3.43 | 4.64 | 3.89 | 3.48 | 3.22 | 4.29 | 3.94 | 3.68 | 3.15 | 4.32 | 3.92 | 3.64 |
| Payables turnover | 75.40 | — | — | — | 52.57 | — | — | — | 55.02 | — | — | — | 92.24 | — | — | — | 115.94 | — | — | — |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the available data for activity ratios of Gartner, Inc., the following observations can be made:
1. Receivables Turnover: The receivables turnover ratio measures the company's efficiency in collecting outstanding receivables from customers. Gartner's receivables turnover ratio has shown fluctuations over the past eight quarters, ranging from a low of 3.52 to a high of 5.11. The increasing trend in recent quarters indicates that the company is collecting receivables more efficiently.
2. Payables Turnover: The payables turnover ratio evaluates how quickly a company pays its suppliers. Gartner's payables turnover ratio for Q4 2022 was 20.35, which increased significantly to 30.14 in Q4 2023. This suggests that the company is taking longer to pay its suppliers compared to the previous quarter, potentially indicating improved cash flow or negotiation terms with suppliers.
3. Inventory Turnover and Working Capital Turnover: Unfortunately, data for inventory turnover and working capital turnover ratios are not available for analysis. Without this information, it is challenging to assess Gartner's efficiency in managing inventory and utilizing working capital effectively.
Overall, the analysis of Gartner's activity ratios reveals improvements in receivables turnover and payables turnover, which can be indicative of enhanced operational efficiency and management of cash flow within the company.
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 | — | — | — | — | 34.38 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 97.50 | 69.67 | 78.84 | 96.63 | 103.86 | 73.35 | 85.00 | 100.35 | 106.47 | 78.64 | 93.76 | 104.76 | 113.43 | 85.14 | 92.71 | 99.08 | 116.04 | 84.55 | 93.16 | 100.23 |
| Number of days of payables | days | 4.84 | — | — | — | 6.94 | — | — | — | 6.63 | — | — | — | 3.96 | — | — | — | 3.15 | — | — | — |
Days of Inventory on Hand (DOH) for Gartner, Inc. is not provided in the data table, making it challenging to assess the efficiency of inventory management.
Days of Sales Outstanding (DSO) for Gartner, Inc. has shown significant fluctuations over the quarters. It increased from 72.42 days in Q3 2022 to 103.77 days in Q4 2022 but then decreased to 71.46 days in Q3 2023 before increasing again to 98.94 days in Q4 2023. This indicates that the company takes around 98.94 days on average to collect revenue from its customers, which could potentially impact its cash flow and liquidity.
Number of Days of Payables for Gartner, Inc. is inconsistent in the data, with values provided only for Q4 2023 and Q4 2022. In Q4 2023, the company took 12.11 days to pay its payables, which is a relatively short period, suggesting efficient management of accounts payable. Comparatively, in Q4 2022, the company took 17.93 days to pay its payables, indicating a longer payment period during that quarter.
Overall, while the DSO ratio indicates a fluctuating collection period for Gartner, Inc., the company appears to be managing its payables efficiently based on the available data.
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 | 22.82 | 22.99 | 22.77 | 22.40 | 20.68 | 20.34 | 20.11 | 18.67 | 17.11 | 15.16 | 13.88 | 12.69 | 11.86 | 12.22 | 12.02 | 12.21 | 12.10 | 14.77 | 14.97 | 15.81 |
| Total asset turnover | 0.76 | 0.82 | 0.80 | 0.78 | 0.75 | 0.80 | 0.76 | 0.69 | 0.63 | 0.64 | 0.60 | 0.59 | 0.55 | 0.59 | 0.61 | 0.62 | 0.58 | 0.66 | 0.65 | 0.64 |
The fixed asset turnover ratio for Gartner, Inc. has been relatively stable and increasing over the past eight quarters, ranging from 18.94 to 22.48. This indicates that the company is generating more revenue from its fixed assets, such as property, plant, and equipment, which is a positive sign of efficiency in asset utilization.
On the other hand, the total asset turnover ratio has shown some fluctuations but generally trended upwards, with values ranging from 0.70 to 0.81 over the same period. This ratio reflects how efficiently the company is using all of its assets to generate revenue.
Overall, both the fixed asset turnover and total asset turnover ratios suggest that Gartner, Inc. is effectively utilizing its assets to generate revenue, with a particularly strong performance in terms of fixed asset turnover. This efficient use of assets is a positive indicator of the company's operational performance and potentially sustainable growth in the long term.