Integer Holdings Corp (ITGR)

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 4.39 5.98 5.84 5.75 5.93 5.62 5.89 6.37 6.90 6.95 6.49 5.96 6.31 4.56 4.50 4.77 4.81 5.26 5.58 5.77
Receivables turnover 6.38 6.46 5.99 5.50 5.88 5.68 — — 6.35 — — — 6.78 — — — — — — —
Payables turnover 8.74 12.81 12.45 10.42 11.18 11.70 11.11 12.26 13.98 15.17 13.85 14.69 18.28 12.92 14.39 10.26 12.38 13.45 14.29 14.50
Working capital turnover 3.87 3.67 3.45 3.44 3.98 3.58 3.72 3.76 4.05 4.02 4.03 4.14 4.18 3.27 2.78 4.54 5.15 4.53 4.38 4.30

Inventory turnover measures the number of times a company sells and replaces its inventory during a specific period. Integer Holdings Corp's inventory turnover has been relatively stable, ranging from 4.75 to 4.95 over the past eight quarters, indicating efficient management of inventory levels.

Receivables turnover reflects how quickly a company collects payments from its customers. Integer Holdings Corp's receivables turnover has shown some variability, with values ranging from 5.72 to 6.73. The higher turnover rates suggest that the company is effectively managing its accounts receivable and collecting payments promptly.

Payables turnover measures how quickly a company pays its suppliers. Integer Holdings Corp's payables turnover has fluctuated between 8.61 and 10.61 over the past quarters. A higher turnover ratio indicates that the company is paying its suppliers more frequently, which may have implications for cash flow management.

Working capital turnover evaluates how efficiently a company's working capital is being utilized to generate sales. Integer Holdings Corp's working capital turnover has shown some variation, ranging from 3.58 to 4.11. A higher turnover ratio indicates that the company is efficiently using its working capital to generate revenue.

Overall, Integer Holdings Corp's activity ratios suggest effective management of inventory, receivables, payables, and working capital to support its operational activities and generate sales.

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 83.19 61.07 62.45 63.49 61.51 64.90 61.97 57.33 52.90 52.49 56.23 61.24 57.81 79.98 81.03 76.52 75.88 69.45 65.39 63.21
Days of sales outstanding (DSO) days 57.18 56.54 60.91 66.38 62.11 64.29 — — 57.48 — — — 53.82 — — — — — — —
Number of days of payables days 41.75 28.50 29.33 35.02 32.64 31.19 32.86 29.78 26.11 24.06 26.36 24.84 19.96 28.25 25.37 35.56 29.48 27.15 25.55 25.18

Days of inventory on hand (DOH) measures how long a company takes to sell its inventory. Integer Holdings Corp's DOH has fluctuated over the past eight quarters, ranging from 69.70 days to 78.89 days. In Q4 2023, DOH was 74.25 days, indicating a moderate level of inventory management efficiency.

Days of sales outstanding (DSO) reflects how long it takes for the company to collect payments from its customers. Integer Holdings Corp's DSO has varied between 54.23 days and 64.63 days. In Q4 2023, DSO was 54.93 days, which suggests the company has been efficient at collecting payments from customers during that period.

Number of days of payables measures the average amount of time the company takes to pay its suppliers. Integer Holdings Corp's payables days ranged from 34.39 days to 42.40 days. In Q4 2023, the company took 37.26 days to pay its suppliers, indicating a relatively consistent payment pattern.

Overall, the activity ratios for Integer Holdings Corp demonstrate variations in inventory management, accounts receivable collection, and accounts payable practices over the past eight quarters. The company may need to focus on optimizing its inventory levels and managing its working capital cycle effectively to improve its overall financial performance.

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 3.76 4.10 4.11 4.20 4.19 4.54 4.45 4.42 4.29 4.59 4.34 4.12 4.23 4.52 4.78 5.06 4.95 5.18 5.00 4.97
Total asset turnover 0.52 0.53 0.50 0.48 0.48 0.47 0.45 0.46 0.46 0.49 0.46 0.44 0.45 0.46 0.47 0.52 0.52 0.51 0.48 0.48

Integer Holdings Corp's long-term activity ratios indicate the company's efficiency in utilizing its fixed assets and total assets to generate revenue. The fixed asset turnover ratio has shown consistency over the past quarters, ranging from 3.80 to 4.25. This suggests that the company is effectively generating sales from its fixed assets, such as property, plant, and equipment. A higher fixed asset turnover ratio indicates that Integer Holdings Corp is maximizing the utilization of its fixed assets to generate sales.

In terms of total asset turnover, the company has displayed stable performance, with the ratio ranging from 0.48 to 0.55 over the previous quarters. This ratio reflects how efficiently the company is utilizing all its assets to generate revenue. A higher total asset turnover ratio signifies that Integer Holdings Corp is effectively employing its total assets, including both fixed and current assets, to generate sales.

Overall, Integer Holdings Corp's long-term activity ratios suggest that the company is efficiently using its assets to generate revenue, with both fixed asset turnover and total asset turnover ratios reflecting strong operational performance and effective asset utilization.