Integer Holdings Corp (ITGR)

Short-term

Turnover ratios

Activity ratios provide insights into how efficiently a company manages its assets and liabilities to generate sales. Let's analyze the activity ratios of Integer Holdings Corp based on the provided data:

1. Inventory Turnover:
- Integer Holdings Corp's inventory turnover has fluctuated over the years, ranging from 4.87 to 5.68. This ratio indicates how many times the company's inventory is sold and replaced during a specific period. A higher turnover ratio generally suggests efficient inventory management and quick sales. The slight fluctuations in the ratio may indicate changes in demand or inventory management practices.

2. Receivables Turnover:
- The data shows that there are no specific values for receivables turnover for the years provided. Receivables turnover ratio measures how efficiently a company collects outstanding accounts receivable. A higher turnover ratio indicates prompt collection of receivables, which is beneficial for cash flow management.

3. Payables Turnover:
- Similar to receivables turnover, there is no data available for payables turnover for the given years. Payables turnover ratio assesses how effectively a company manages its accounts payable by measuring how quickly it pays off its suppliers. A higher payables turnover ratio may indicate that the company is efficiently managing its payables.

4. Working Capital Turnover:
- Integer Holdings Corp's working capital turnover has shown a decreasing trend from 4.18 to 3.87. This ratio measures how effectively the company utilizes its working capital to generate sales. A decreasing trend could indicate either declining sales or inefficiencies in working capital management.

In conclusion, the analysis of Integer Holdings Corp's activity ratios suggests mixed efficiency in managing inventory, working capital, and possibly accounts receivable and payables. Further investigation into the company's operational strategies and industry dynamics may provide a deeper understanding of its performance in these areas.

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Average number of days

The Days of Inventory on Hand (DOH) for Integer Holdings Corp decreased from 69.19 days in December 31, 2020 to 64.28 days in December 31, 2021, but then increased to 74.92 days in December 31, 2022, and slightly decreased to 74.25 days in December 31, 2023 before falling to 71.73 days in December 31, 2024. This indicates fluctuations in the company's inventory management efficiency over the years.

The Days of Sales Outstanding (DSO) and Number of Days of Payables data are not available, which limits the ability to conduct a comprehensive analysis of Integer Holdings Corp's overall activity ratios. Without this information, it is challenging to evaluate the company's ability to convert sales into cash or its payment terms with suppliers.

In conclusion, from the available data on DOH, Integer Holdings Corp has seen fluctuations in its inventory management efficiency, but further insights into DSO and payables turnover are necessary to provide a more holistic assessment of the company's activity ratios.

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Long-term

Integer Holdings Corp's long-term activity ratios reflect the company's efficiency in utilizing its assets to generate sales. The Fixed Asset Turnover ratio, which measures how efficiently the company is using its fixed assets to generate revenue, decreased from 4.23 in 2020 to 3.52 in 2021 but improved to 4.34 in 2022. However, data for 2023 and 2024 is not available, so the trend for those years is unclear.

On the other hand, the Total Asset Turnover ratio, which indicates the company's ability to generate sales from all its assets, increased from 0.45 in 2020 to 0.56 in 2024. This improvement suggests that Integer Holdings Corp became more efficient in generating revenue from its total assets over the years.

Overall, the company's long-term activity ratios show a mixed trend with fluctuations, indicating varying levels of asset utilization efficiency over the analyzed period. Further analysis and comparison with industry benchmarks are recommended to gain deeper insights into the company's operational performance.