Liquidity Services Inc (LQDT)
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 | 15.73 | 18.40 | 15.15 | 15.61 | 20.13 | 17.53 | 13.75 | 12.15 | 16.68 | 13.24 | 14.45 | 13.86 | 14.08 | 12.13 | 12.03 | 16.08 | 28.98 | 22.78 | 20.84 | 25.93 |
| Receivables turnover | 32.02 | 38.55 | 34.26 | 40.96 | 40.45 | 49.82 | 50.33 | 35.92 | 23.78 | 33.88 | 41.71 | 34.50 | 44.01 | 44.55 | 38.69 | 44.37 | 38.87 | 40.66 | 36.69 | 37.53 |
| Payables turnover | 4.58 | 5.98 | 4.82 | 6.97 | 5.72 | 4.93 | 4.90 | 6.30 | 4.64 | 4.03 | 4.61 | 5.74 | 4.32 | 4.21 | 4.28 | 6.32 | 7.40 | 5.82 | 9.23 | 15.50 |
| Working capital turnover | 8.33 | 11.35 | 17.91 | 10.28 | 12.43 | 21.20 | 45.94 | 34.91 | 46.03 | — | — | — | 11.39 | 8.26 | 13.45 | 9.03 | 10.21 | 14.28 | 20.86 | 16.83 |
Liquidity Services Inc's inventory turnover has been fluctuating over the past years, ranging from 12.03 to 28.98. The company's ability to convert its inventory into sales has been relatively high, with the turnover ratio being above 10 in most periods.
The receivables turnover ratio has also varied, showing a range of 23.78 to 50.33. This indicates that Liquidity Services Inc has been efficient in collecting outstanding receivables, with a faster turnover in some periods compared to others.
On the other hand, the payables turnover ratio has shown some inconsistency, ranging from 4.21 to 15.50. This suggests that the company's payment policy to suppliers has fluctuated over time, with some periods seeing faster payment cycles compared to others.
The working capital turnover ratio has also been volatile, with values fluctuating from 8.26 to 46.03. This ratio reflects how efficiently the company is using its working capital to generate revenue, with higher ratios indicating a more efficient utilization of resources.
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 | 23.20 | 19.84 | 24.09 | 23.39 | 18.13 | 20.83 | 26.54 | 30.03 | 21.88 | 27.57 | 25.26 | 26.33 | 25.93 | 30.10 | 30.34 | 22.70 | 12.60 | 16.02 | 17.52 | 14.08 |
| Days of sales outstanding (DSO) | days | 11.40 | 9.47 | 10.65 | 8.91 | 9.02 | 7.33 | 7.25 | 10.16 | 15.35 | 10.77 | 8.75 | 10.58 | 8.29 | 8.19 | 9.43 | 8.23 | 9.39 | 8.98 | 9.95 | 9.73 |
| Number of days of payables | days | 79.63 | 61.08 | 75.73 | 52.37 | 63.79 | 74.07 | 74.49 | 57.96 | 78.64 | 90.67 | 79.24 | 63.62 | 84.46 | 86.70 | 85.30 | 57.74 | 49.32 | 62.67 | 39.54 | 23.55 |
Days of inventory on hand (DOH) for Liquidity Services Inc have been fluctuating over the years. On average, the company holds inventory for approximately 20-30 days before selling it, indicating a moderate level of efficiency in managing inventory.
Days of sales outstanding (DSO) have also varied but generally remained within the 8-15 day range. This suggests that the company collects payment from customers fairly quickly, demonstrating effective accounts receivable management.
Number of days of payables show a wide range of values, with an average of around 60-80 days. This indicates that Liquidity Services Inc takes a considerable amount of time to pay its suppliers, possibly using trade credit to manage cash flow.
Overall, while the company's inventory and accounts receivable management appear efficient, its payment cycle to suppliers seems comparatively longer, which could impact cash flow and relationships with vendors.
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 | 20.44 | 19.95 | 19.19 | 18.91 | 18.51 | 17.74 | 16.44 | 15.43 | 14.69 | 14.47 | 15.10 | 14.81 | 14.64 | 14.33 | 12.79 | 12.04 | 11.59 | 11.34 | 11.57 | 11.94 |
| Total asset turnover | 1.06 | 1.04 | 1.08 | 1.14 | 1.10 | 1.10 | 1.06 | 1.06 | 0.97 | 0.97 | 1.00 | 0.94 | 1.01 | 1.02 | 1.02 | 1.04 | 1.05 | 1.05 | 1.20 | 1.25 |
Liquidity Services Inc has exhibited a consistently high level of efficiency in utilizing its fixed assets to generate revenue, as indicated by its steadily increasing fixed asset turnover ratio over the periods analyzed. The company's fixed asset turnover ratio has been above 14, with a recent figure of 20.44 as of September 30, 2024, reflecting the ability of the company to generate $20.44 in revenue for every dollar invested in fixed assets.
Furthermore, the company's total asset turnover ratio has fluctuated but generally remained above 1, implying effective overall asset utilization to generate sales. The total asset turnover ratio is currently at 1.06 as of September 30, 2024, suggesting that Liquidity Services Inc generates $1.06 in revenue for every dollar in total assets.
Overall, Liquidity Services Inc's long-term activity ratios suggest that the company is effectively managing its assets, both fixed and total, to drive revenue generation and maximize operational efficiency.