Littelfuse Inc (LFUS)
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 | 3.41 | 3.17 | 3.25 | 3.24 | 3.12 | 3.12 | 2.90 | 2.69 | 2.75 | 2.75 | 2.82 | 2.91 | 2.93 | 3.41 | 3.52 | 3.48 | 3.67 | 3.73 | 3.58 | 4.11 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 1.93 | 1.96 | 2.14 | 2.20 | 2.29 | 2.50 | 2.64 | 2.83 | 2.68 | 2.50 | 1.77 | 2.35 | 2.49 | 1.90 | 1.90 | 1.81 | 1.54 | 1.51 | 1.49 | 1.63 |
Littelfuse Inc's inventory turnover has been declining gradually from 4.11 as of March 31, 2020, to 3.41 as of September 30, 2021, before experiencing a more significant decrease to 2.75 as of December 31, 2022. This suggests that the company is taking longer to sell its inventory, which may indicate potential inefficiencies in inventory management or slower sales.
The receivables turnover and payables turnover ratios were not provided for the periods under review, which limits our ability to assess the efficiency of Littelfuse Inc in collecting receivables from customers and managing its payables to suppliers.
The working capital turnover ratio, on the other hand, has shown some fluctuations over time, with a peak of 2.83 as of March 31, 2023, indicating that the company generated $2.83 in revenue for every $1 of working capital invested. However, the ratio declined to 1.93 as of December 31, 2024, suggesting a decrease in revenue generation efficiency relative to working capital invested.
Overall, it appears that Littelfuse Inc may need to focus on improving inventory turnover and working capital efficiency to enhance its operational performance and financial health.
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 | 106.90 | 115.15 | 112.25 | 112.72 | 117.17 | 117.01 | 125.86 | 135.59 | 132.65 | 132.57 | 129.48 | 125.42 | 124.37 | 107.07 | 103.81 | 104.81 | 99.48 | 97.90 | 102.09 | 88.77 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data for Littelfuse Inc, we can analyze the activity ratios as follows:
1. Days of Inventory on Hand (DOH):
- Littelfuse Inc's DOH shows the number of days a company holds inventory before selling it. The trend shows an increase in DOH from 88.77 days as of March 31, 2020, to 106.90 days as of December 31, 2024. This indicates that the company is holding onto its inventory for a longer period, which may tie up its cash flow and increase the risk of obsolescence.
2. Days of Sales Outstanding (DSO):
- The DSO ratio measures how quickly a company collects its accounts receivable. Unfortunately, the data provided does not include information on DSO for Littelfuse Inc, so we cannot provide a specific analysis for this metric.
3. Number of Days of Payables:
- The number of days of payables ratio indicates how long a company takes to pay its outstanding bills. However, the data does not include information on this ratio for Littelfuse Inc, making it challenging to assess the company's payment practices in relation to its suppliers.
In summary, based on the available data, Littelfuse Inc has experienced an increase in the days of inventory on hand over the period analyzed. Further information on days of sales outstanding and number of days of payables is needed to provide a comprehensive analysis of the company's activity ratios.
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 | — | — | — | — | — | — | 5.18 | 5.08 | 5.23 | 5.35 | 5.36 | 5.07 | 4.45 | 4.96 | 4.67 | 4.53 | 4.20 | 4.07 | 4.05 | 4.31 |
| Total asset turnover | 0.56 | 0.54 | 0.57 | 0.58 | 0.59 | 0.61 | 0.63 | 0.63 | 0.64 | 0.65 | 0.66 | 0.70 | 0.66 | 0.63 | 0.61 | 0.56 | 0.53 | 0.52 | 0.52 | 0.55 |
Littelfuse Inc's fixed asset turnover ratio has shown a generally increasing trend over the years, indicating that the company is generating more revenue from its fixed assets. The ratio increased from 4.31 in March 2020 to 5.36 in June 2022, peaking at 5.36. However, there was a slight decrease to 5.18 by June 30, 2023, and a further decrease to 5.08 by March 31, 2024.
On the other hand, the total asset turnover ratio has fluctuated over the years but has shown an overall increasing trend. The ratio increased from 0.55 in March 2020 to 0.66 in June 30, 2022, before slightly declining to 0.57 by June 30, 2024. This indicates that Littelfuse Inc is improving its efficiency in generating sales revenue in relation to its total assets.
Overall, Littelfuse Inc's long-term activity ratios suggest that the company is effectively utilizing its fixed assets to generate revenue and is becoming more efficient in utilizing its total assets to drive sales growth.