ManpowerGroup Inc (MAN)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — |
| Receivables turnover | 4.16 | 3.89 | 3.85 | 3.80 | 3.65 |
| Payables turnover | — | — | — | — | — |
| Working capital turnover | 33.50 | 24.35 | 19.33 | 32.20 | 9.06 |
ManpowerGroup Inc's activity ratios provide insights into how effectively the company is managing its resources to generate revenues.
1. Inventory Turnover: The data shows that the company did not provide information on its inventory turnover for the years from 2020 to 2024. This could indicate a lack of public information or relatively low importance of inventory in the company's operations.
2. Receivables Turnover: ManpowerGroup Inc's receivables turnover has been relatively stable and increasing over the years, from 3.65 in 2020 to 4.16 in 2024. This suggests that the company is efficiently collecting payments from its customers and converting credit sales into cash at a faster rate.
3. Payables Turnover: The data indicates that the company did not disclose its payables turnover for the years from 2020 to 2024. This could imply a lack of focus on the management of payables or that the company's payables are not significant in relation to its operations.
4. Working Capital Turnover: The working capital turnover ratio has shown some fluctuation over the years, with a significant increase from 9.06 in 2020 to 33.50 in 2024. This suggests that ManpowerGroup Inc is effectively utilizing its working capital to support its revenue generation activities.
Overall, the analysis of the activity ratios indicates that ManpowerGroup Inc is efficiently managing its receivables and working capital, which bodes well for its operational efficiency and cash flow management. However, the lack of information on inventory and payables turnover ratios limits a complete assessment of the company's overall activity performance.
Average number of days
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 87.81 | 93.72 | 94.87 | 96.16 | 99.87 |
| Number of days of payables | days | — | — | — | — | — |
ManpowerGroup Inc's activity ratios can provide insights into how efficiently the company manages its working capital.
1. Days of Sales Outstanding (DSO):
- DSO measures how long it takes for the company to collect payment after making a sale.
- ManpowerGroup Inc's DSO has been decreasing over the years, from 99.87 days in 2020 to 87.81 days in 2024.
- A decreasing trend indicates that the company is collecting payments more quickly, which can improve cash flow and liquidity.
2. Days of Inventory on Hand (DOH):
- Unfortunately, there is no data provided for ManpowerGroup Inc's DOH for the years mentioned.
- Without this information, it is challenging to evaluate how efficiently the company is managing its inventory levels.
3. Number of Days of Payables:
- The data does not provide information on ManpowerGroup Inc's number of days of payables.
- This ratio helps assess how long the company takes to pay its suppliers, impacting cash flow and relationships with vendors.
Overall, while the analysis of DSO shows a positive trend in improving the collection of payments, the lack of data for DOH and number of days of payables limits a comprehensive assessment of the company's overall efficiency in managing its working capital. It would be beneficial to have complete information across all activity ratios to gain a more accurate picture of ManpowerGroup Inc's operational performance.
Long-term
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Fixed asset turnover | 150.85 | 144.82 | 176.16 | 177.06 | 132.89 |
| Total asset turnover | 2.18 | 2.13 | 2.16 | 2.10 | 1.92 |
ManpowerGroup Inc's fixed asset turnover ratio has shown a notable improvement over the years, increasing from 132.89 in 2020 to 150.85 in 2024. This indicates that the company has been generating more revenue relative to its investment in fixed assets, reflecting increasing efficiency in utilizing its long-term assets to generate sales.
Furthermore, the total asset turnover ratio has also exhibited a positive trend, rising steadily from 1.92 in 2020 to 2.18 in 2024. This suggests that ManpowerGroup Inc has been able to generate more revenue for each dollar invested in total assets, highlighting the effectiveness of the company in generating sales from its entire asset base.
Overall, the increasing trend in both fixed asset turnover and total asset turnover ratios indicates that ManpowerGroup Inc has been effectively managing its long-term assets to drive revenue growth and improve operational efficiency over the years.