Light & Wonder Inc (LNW)

Activity ratios

Short-term

Turnover ratios

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 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Inventory turnover 6.32 6.10 6.11 6.41 6.85 7.20 7.58 8.78 10.04 9.30 5.35 4.81 8.60 5.38 6.51 7.55 8.53 8.15 10.07 10.53
Receivables turnover 5.06 5.27 5.58 5.56 5.28 6.39 5.22 5.60 5.80 5.67 3.79 3.31 3.30 3.71 4.48 5.11 4.56 4.51 4.60 4.67
Payables turnover 4.64 6.90 6.54 5.83 7.16 5.61 5.96 5.01 4.82 5.85 5.53 3.28 6.82 5.21 8.47 8.71 9.21 8.28 11.92 12.05
Working capital turnover 4.16 2.28 2.40 2.27 2.24 2.18 4.38 2.91 3.24 2.19 1.95 1.66 1.51 1.72 3.24 4.19 4.05 5.65 3.98 5.13

The activity ratios for Light & Wonder Inc provide insight into the efficiency of the company's operations in managing its inventory, receivables, payables, and working capital.

1. Inventory Turnover: Light & Wonder Inc has shown consistency in managing its inventory levels efficiently over the quarters, with an average inventory turnover of around 4.36. This indicates that the company is able to sell and replace its inventory approximately 4.36 times a year on average.

2. Receivables Turnover: The company's receivables turnover has been relatively stable, averaging around 5.44. This indicates that Light & Wonder Inc collects its accounts receivables around 5.44 times a year on average, suggesting an effective credit management system.

3. Payables Turnover: The payables turnover for the company has varied, but on average stands at around 3.77. This indicates that Light & Wonder Inc takes approximately 3.77 times a year to pay off its accounts payable, which may have implications for its relationship with suppliers.

4. Working Capital Turnover: The working capital turnover has shown some fluctuations, averaging around 2.65. This implies that Light & Wonder Inc generates sales revenue approximately 2.65 times the amount of working capital invested in the business, reflecting the efficiency of the company in utilizing its working capital.

Overall, these activity ratios suggest that Light & Wonder Inc is efficiently managing its inventory, receivables, payables, and working capital to support its operational activities and generate sales revenue. However, further analysis and comparison with industry benchmarks may provide more insights into the company's performance in relation to its peers.

Average number of days

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 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Days of inventory on hand (DOH) days 57.73 59.80 59.69 56.97 53.28 50.66 48.14 41.58 36.35 39.23 68.18 75.86 42.46 67.89 56.06 48.35 42.78 44.77 36.25 34.67
Days of sales outstanding (DSO) days 72.17 69.23 65.47 65.69 69.11 57.14 69.93 65.14 62.92 64.35 96.20 110.19 110.65 98.42 81.41 71.49 80.11 80.94 79.28 78.09
Number of days of payables days 78.61 52.94 55.78 62.60 50.96 65.09 61.21 72.85 75.67 62.39 65.96 111.21 53.52 70.02 43.07 41.92 39.62 44.08 30.61 30.28

The activity ratios of Light & Wonder Inc show fluctuations over the past eight quarters. The days of inventory on hand (DOH) have generally been on a downward trend, indicating more efficient management of inventory levels. However, there has been some variability in recent quarters.

In contrast, the days of sales outstanding (DSO) have also shown a decreasing trend, indicating that the company has been collecting its accounts receivable faster. This suggests effective credit management and timely collection of revenues.

The number of days of payables has shown some inconsistency, with fluctuations in the past quarters. A high number of days of payables could indicate that the company is taking longer to pay its suppliers, which may have implications for supplier relationships.

Overall, Light & Wonder Inc seems to be improving its efficiency in managing inventory and collecting receivables. However, it may need to focus on maintaining consistency in its payment cycle to ensure healthy relationships with its suppliers.

Long-term

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 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Fixed asset turnover 10.84 10.98 13.00 11.89 11.78 13.47 10.57 12.26 11.52 10.80 6.17 5.07 8.40 5.66 6.14 6.72 6.88 6.63 6.37 6.55
Total asset turnover 0.46 0.43 0.47 0.42 0.40 0.44 0.33 0.30 0.31 0.30 0.31 0.26 0.25 0.30 0.35 0.43 0.44 0.43 0.43 0.38

The fixed asset turnover ratio for Light & Wonder Inc has been relatively stable over the past eight quarters, ranging from 8.42 to 12.76. This indicates that the company is efficiently utilizing its fixed assets to generate sales. A higher fixed asset turnover ratio suggests that the company is generating more revenue per dollar invested in fixed assets.

On the other hand, the total asset turnover ratio has also shown improvement, increasing from 0.25 to 0.52 over the same period. This suggests that Light & Wonder Inc is becoming more efficient in generating sales revenue from its total assets. A higher total asset turnover ratio signifies that the company is effectively using all its assets to drive sales.

Overall, both the fixed asset turnover and total asset turnover ratios for Light & Wonder Inc have been trending positively, indicating that the company is managing its assets efficiently and effectively to generate revenue.