Kirby Corporation (KEX)

Short-term

Turnover ratios

Kirby Corporation's inventory turnover ratio has shown a relatively stable performance over the years, ranging from 4.90 to 6.20. This indicates that the company efficiently manages its inventory levels and is able to sell and replace its inventory multiple times during the year.

The receivables turnover ratio data is missing, suggesting that specific information on the efficiency of Kirby Corporation in collecting its receivables is not available. Without this data, it is challenging to assess the effectiveness of the company's credit policies and collection procedures.

Similarly, the payables turnover ratio data is also unavailable, making it difficult to gauge how quickly Kirby Corporation pays off its suppliers. A higher payables turnover ratio would generally indicate that the company is efficiently managing its payables.

The working capital turnover ratio has shown an increasing trend, indicating an improvement in the company's efficiency in generating revenue relative to its working capital. A higher working capital turnover ratio suggests that Kirby Corporation is making more revenue with the same amount of working capital, which is a positive sign for overall operational efficiency.

In summary, while Kirby Corporation demonstrates strength in managing its inventory efficiently and generating revenue relative to working capital, the absence of data on receivables and payables turnover ratios limits a comprehensive analysis of the company's activity ratios.

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Average number of days

For Kirby Corporation, let's analyze the activity ratios based on the provided data:

1. Days of Inventory on Hand (DOH):
- In December 31, 2020, the company had inventory on hand for an average of 65.31 days.
- The DOH decreased slightly to 64.79 days by December 31, 2021.
- However, in December 31, 2022, the DOH increased significantly to 74.51 days.
- Subsequently, the DOH decreased to 69.35 days by December 31, 2023, and further decreased to 58.91 days by December 31, 2024.

2. Days of Sales Outstanding (DSO):
- There is no data provided for DSO, indicating that information on the average time it takes for the company to collect revenue from sales is not available.

3. Number of Days of Payables:
- Similarly, there is no data provided for the number of days of payables, which would have shown the average time it takes for the company to pay its suppliers.

In summary, the analysis of Kirby Corporation's activity ratios reveals fluctuations in the days of inventory on hand over the years, indicating potential changes in inventory management efficiency. However, the lack of data for days of sales outstanding and number of days of payables limits a comprehensive assessment of the company's overall operating efficiency and cash flow management.

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Long-term

The fixed asset turnover ratio for Kirby Corporation has shown an improving trend over the years, increasing from 0.55 in 2020 to 0.74 in 2022. This indicates that the company is generating more revenue from its fixed assets. However, there is missing data for 2023 and 2024, making it difficult to assess the continuity of this trend.

In terms of total asset turnover, Kirby Corporation's performance has also been on an upward trajectory, rising from 0.37 in 2020 to 0.56 in 2024. This suggests that the company is becoming more efficient in using its total assets to generate sales revenue. The steady improvement in this ratio indicates positive operational performance and effective asset utilization over the years.