LeMaitre Vascular Inc (LMAT)

Short-term

Turnover ratios

The inventory turnover ratio measures how efficiently a company manages its inventory. Looking at LeMaitre Vascular Inc's inventory turnover over the past few years, we can see a general upward trend, indicating that the company has been able to sell its inventory more quickly. The ratio improved from 0.95 on March 31, 2020, to 1.30 on December 31, 2023. This suggests that the company has been better at turning its inventory into sales.

The receivables turnover ratio, which reflects how well a company collects its accounts receivable, is not available for LeMaitre Vascular Inc for the periods provided. The absence of data could indicate different factors, such as the company having mostly cash transactions or delayed reporting of financial information.

The payables turnover ratio, which shows how efficiently a company pays its suppliers, is also not available for LeMaitre Vascular Inc for the periods provided. In this case, the lack of data could be due to the company having a different payment structure, such as paying suppliers upfront.

The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales. LeMaitre Vascular Inc's working capital turnover has experienced fluctuations over the years, showing a slight decline from 2.41 on June 30, 2020, to 0.59 on December 31, 2024. This decline may indicate that the company's ability to generate sales from its working capital has decreased.

In conclusion, LeMaitre Vascular Inc has shown improvements in managing its inventory, but there is a lack of data for receivables and payables turnover. The working capital turnover has fluctuated, suggesting variations in the company's efficiency in generating sales from its working capital.

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Average number of days

LeMaitre Vascular Inc's Days of Inventory on Hand (DOH) has shown some fluctuations over the years, ranging from around 280 to 456 days. A decreasing trend is evident from December 31, 2023, to December 31, 2024, indicating a more efficient management of inventory. The company seems to be improving its inventory turnover, which is a positive sign of operational efficiency.

However, there is no data available for Days of Sales Outstanding (DSO) and Number of Days of Payables, which limits the analysis of LeMaitre Vascular Inc's receivables and payables management. Without this information, it's challenging to assess the company's effectiveness in collecting receivables and managing its payables.

In conclusion, while LeMaitre Vascular Inc appears to be making improvements in its inventory management based on the DOH ratio, a complete analysis of activity ratios is hindered by the absence of data on DSO and payables turnover. This highlights the importance of having comprehensive financial information for a thorough evaluation of a company's operational performance.

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Long-term

LeMaitre Vascular Inc's long-term activity ratios, namely the Fixed Asset Turnover and Total Asset Turnover, provide insights into the efficiency of the company's utilization of its assets to generate sales.

The Fixed Asset Turnover ratio fluctuated over the analyzed periods, indicating variability in the company's ability to generate sales revenue from its fixed assets. The ratio peaked at 9.03 in December 2022, suggesting that, during that period, the company efficiently utilized its fixed assets to generate sales. However, the ratio dropped to its lowest point of 4.70 in June 2021, indicating a decrease in the efficiency of fixed asset utilization.

In contrast, the Total Asset Turnover ratio depicts LeMaitre Vascular Inc's effectiveness in generating sales revenue in relation to its total assets. The ratio remained relatively stable throughout the periods, with a slight increase from 0.51 in December 2020 to 0.57 in June 2024. This suggests that the company maintained a consistent level of sales generation in relation to its total asset base.

Overall, the analysis of LeMaitre Vascular Inc's long-term activity ratios reveals fluctuations in the efficiency of fixed asset utilization and a stable trend in generating sales relative to total assets. Monitoring these ratios can provide valuable insights into the company's operational efficiency and asset management strategies over time.