LCI Industries (LCII)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.88 | 4.12 | 4.30 | 4.04 | 3.92 | 3.89 | 3.87 | 3.89 | 3.82 | 3.80 | 3.59 | 3.39 | 3.13 | 3.91 | 4.49 | 4.39 | 4.23 | 5.27 | 5.44 | 5.35 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 5.00 | 4.64 | 4.86 | 4.97 | 5.24 | 4.70 | 5.06 | 4.88 | 5.37 | 5.50 | 5.25 | 4.71 | 4.76 | 5.98 | 5.57 | 5.88 | 6.17 | 6.52 | 6.03 | 5.20 |
The inventory turnover ratio for LCI Industries has shown a slight declining trend over the years, indicating that the company is taking longer to sell its inventory. This could point towards potential inefficiencies in inventory management or a decrease in demand for the company's products.
The receivables turnover ratio data is not available, which makes it challenging to assess how efficiently LCI Industries is collecting its accounts receivable from customers. It would be beneficial to have this information to evaluate the effectiveness of the company's credit and collection policies.
Similarly, the payables turnover ratio data is not provided, making it difficult to analyze how quickly the company is paying its suppliers or managing its accounts payable. Understanding this ratio would help in evaluating the company's relationships with its suppliers and its liquidity position.
The working capital turnover ratio for LCI Industries has fluctuated over the years, with some periods showing higher turnover and others showing lower turnover. This ratio reflects how effectively the company is utilizing its working capital to generate sales. A decreasing trend in this ratio could indicate a decrease in sales relative to the working capital invested, which may require further investigation into the company's operational efficiency.
Overall, a detailed analysis of these activity ratios, when available, would provide valuable insights into LCI Industries' operational efficiency and effectiveness in managing its inventory, receivables, payables, and working capital.
Average number of days
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 93.96 | 88.66 | 84.91 | 90.39 | 93.22 | 93.86 | 94.37 | 93.74 | 95.54 | 95.96 | 101.78 | 107.68 | 116.63 | 93.27 | 81.23 | 83.19 | 86.25 | 69.24 | 67.07 | 68.28 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
LCI Industries' Days of Inventory on Hand (DOH) has shown fluctuations over the years, ranging from a low of 67.07 days in June 2020 to a high of 116.63 days in December 2021. Currently, as of December 31, 2024, the DOH stands at 93.96 days.
On the other hand, there is no data available for Days of Sales Outstanding (DSO) and Number of Days of Payables throughout the reported periods, suggesting that the company might not track these metrics or they are not publicly available.
The DOH ratio is vital for evaluating how efficiently the company manages its inventory - a lower DOH indicates the company is selling inventory quickly, while a higher DOH suggests excess or slow-moving inventory. LCI Industries should monitor its inventory levels closely to optimize working capital and operational efficiency.
Long-term
| Dec 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | 5.44 | 8.38 | 9.43 | 10.80 | 11.74 | 12.18 | 11.37 | 7.57 | 9.60 | 6.50 | 6.10 | 7.22 | 7.00 | 6.40 | 6.55 |
| Total asset turnover | 1.29 | 1.25 | 1.27 | 1.27 | 1.28 | 1.27 | 1.30 | 1.41 | 1.60 | 1.69 | 1.60 | 1.41 | 1.36 | 1.31 | 1.33 | 1.25 | 1.22 | 1.22 | 1.16 | 1.19 |
Based on the provided data for LCI Industries, the fixed asset turnover ratio measures how efficiently the company utilizes its fixed assets to generate sales. The trend for the fixed asset turnover ratio shows fluctuations over the years. The ratio increased significantly from September 2021 to June 2022, indicating improved efficiency in utilizing fixed assets during this period. However, there was a noticeable decline in the fixed asset turnover ratio in the subsequent quarters, particularly from March 2023 onwards, suggesting a potential decrease in asset utilization efficiency.
On the other hand, the total asset turnover ratio indicates how well the company utilizes all its assets to generate sales. The trend for the total asset turnover ratio also shows variations during the periods analyzed. There was a general increase in the total asset turnover ratio from March 2020 to June 2022, indicating improved overall asset utilization efficiency over time. However, the ratio started to decline from September 2022 onwards, which suggests a potential slowdown in the company's ability to generate sales relative to its total asset base.
Overall, while the total asset turnover ratio reflects the overall efficiency of asset utilization, the fixed asset turnover ratio specifically focuses on the efficiency of fixed asset utilization. The fluctuations in these ratios over time highlight changes in the company's operating efficiency and its ability to generate sales in relation to its asset base. Future monitoring of these ratios can provide insights into LCI Industries' long-term asset management and operational performance.