Kulicke and Soffa Industries Inc (KLIC)
Activity ratios
Short-term
Turnover ratios
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.46 | 2.57 | 2.52 | 1.64 | 1.77 | 1.89 | 2.28 | 2.86 | 4.08 | 3.97 | 4.26 | 4.62 | 4.90 | 4.28 | 3.63 | 3.18 | 2.91 | 2.72 | 2.81 | 2.91 |
| Receivables turnover | 3.64 | 3.63 | 3.78 | 4.00 | 4.68 | 4.17 | — | 6.08 | 4.86 | — | — | — | 3.60 | — | — | — | — | — | — | — |
| Payables turnover | 7.43 | 8.64 | 8.82 | 6.61 | 7.79 | 8.15 | 9.33 | 10.53 | 11.22 | 8.68 | 9.01 | 6.13 | 5.31 | 4.54 | 4.10 | 4.45 | 5.64 | 6.26 | 5.90 | 6.17 |
| Working capital turnover | 0.87 | 0.86 | 0.83 | 0.74 | 0.74 | 0.84 | 1.01 | 1.16 | 1.39 | 1.53 | 1.68 | 1.53 | 1.52 | 1.39 | 1.21 | 1.00 | 0.89 | 0.84 | 0.79 | 0.73 |
The inventory turnover ratio for Kulicke and Soffa Industries Inc has shown a fluctuating trend over the past few quarters, ranging from 1.64 to 4.90. In general, the company is able to turn over its inventory between 2.46 to 4.90 times a year, which indicates that the company is managing its inventory efficiently. The higher turnover ratios in recent quarters suggest that the company is selling its inventory at a faster rate, which is a positive sign for the business.
The receivables turnover ratio has also varied, ranging from 3.60 to 6.08. This ratio reflects the company's effectiveness in collecting receivables from customers. The increasing trend in the receivables turnover ratio indicates that the company is collecting receivables more quickly in recent quarters.
The payables turnover ratio has shown some volatility, ranging from 4.10 to 11.22. This ratio indicates how quickly the company is paying its suppliers. A higher turnover ratio suggests that the company is paying its suppliers more quickly. The lower ratios in some quarters may indicate that the company is taking longer to pay its payables, which could potentially strain relationships with suppliers.
The working capital turnover ratio has ranged from 0.73 to 1.68. This ratio reflects how efficiently the company is using its working capital to generate sales. A higher turnover ratio suggests that the company is effectively utilizing its working capital. The fluctuations in this ratio indicate changes in the company's efficiency in utilizing working capital over the quarters.
Overall, based on the activity ratios, Kulicke and Soffa Industries Inc appears to have efficient management of its inventory, receivables, payables, and working capital, although there are some fluctuations in ratios that may warrant further investigation.
Average number of days
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 148.29 | 142.30 | 145.06 | 222.76 | 206.64 | 193.09 | 159.95 | 127.64 | 89.39 | 91.83 | 85.66 | 78.94 | 74.42 | 85.38 | 100.61 | 114.82 | 125.49 | 134.11 | 130.01 | 125.46 |
| Days of sales outstanding (DSO) | days | 100.22 | 100.54 | 96.55 | 91.27 | 77.97 | 87.49 | — | 59.99 | 75.09 | — | — | — | 101.30 | — | — | — | — | — | — | — |
| Number of days of payables | days | 49.10 | 42.27 | 41.37 | 55.26 | 46.88 | 44.76 | 39.14 | 34.67 | 32.53 | 42.05 | 40.51 | 59.54 | 68.78 | 80.34 | 89.00 | 82.03 | 64.75 | 58.32 | 61.87 | 59.17 |
Kulicke and Soffa Industries Inc's activity ratios show varying trends over the past few quarters.
1. Days of Inventory on Hand (DOH): The DOH indicates how many days it takes for the company to sell its inventory. There has been an increasing trend in DOH from 74.42 days in December 2021 to 148.29 days in September 2024. This indicates that the company is holding inventory for a longer period, which may lead to higher carrying costs and potentially obsolete inventory.
2. Days of Sales Outstanding (DSO): The DSO measures how long it takes for the company to collect its receivables. The trend in DSO fluctuates, with values ranging from 59.99 days in December 2022 to 101.30 days in September 2021. Higher DSO values suggest that the company is taking longer to collect payments from its customers, potentially impacting cash flow.
3. Number of Days of Payables: This ratio represents how many days it takes for the company to pay its suppliers. The number of days of payables has shown some variability, with values ranging from 32.53 days in September 2022 to 89.00 days in March 2021. A higher number of days of payables may indicate that the company is taking longer to pay its suppliers, which could strain supplier relationships.
Overall, these activity ratios indicate that Kulicke and Soffa Industries Inc may need to focus on managing its inventory levels more efficiently, improving its accounts receivable collection process, and maintaining appropriate relationships with its suppliers to optimize working capital management.
Long-term
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 10.89 | 11.27 | 11.33 | 6.87 | 6.75 | 7.28 | 9.10 | 13.13 | 18.58 | 25.60 | 26.17 | 25.49 | 22.32 | 18.27 | 15.11 | 12.25 | 10.54 | 10.48 | 10.10 | 9.28 |
| Total asset turnover | 0.57 | 0.58 | 0.57 | 0.50 | 0.50 | 0.55 | 0.66 | 0.79 | 0.95 | 1.05 | 1.13 | 1.00 | 0.95 | 0.86 | 0.74 | 0.65 | 0.59 | 0.57 | 0.48 | 0.47 |
The fixed asset turnover ratio for Kulicke and Soffa Industries Inc has been relatively stable over the last few quarters, ranging from 6.75 to 26.17 times. This indicates that the company is generating between 6.75 to 26.17 dollars in sales for every dollar invested in fixed assets. A higher fixed asset turnover ratio generally implies more efficient utilization of fixed assets to generate revenue.
On the other hand, the total asset turnover ratio has fluctuated within a narrower range from 0.47 to 1.13 times. This ratio reflects how efficiently the company is utilizing all its assets to generate sales. A total asset turnover ratio of less than 1 suggests that the company is not generating sufficient sales relative to its total assets.
Overall, the fixed asset turnover ratios of Kulicke and Soffa Industries Inc indicate varying levels of efficiency in utilizing fixed assets to generate revenue, while the total asset turnover ratios show fluctuations in the efficiency of utilizing all assets to generate sales over the analyzed periods. The company may need to focus on optimizing its asset utilization to improve its overall operational efficiency in the long term.