ManpowerGroup Inc (MAN)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 4.15 | 3.93 | 3.95 | 4.14 | 3.90 | 4.13 | 3.83 | 4.06 | 3.85 | 4.31 | 3.87 | 3.84 | 3.80 | 4.00 | 3.81 | 3.73 | 3.66 | 3.99 | 4.44 | 4.30 |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 33.47 | 27.43 | 27.71 | 24.77 | 24.36 | 20.90 | 19.64 | 17.96 | 19.32 | 20.94 | 20.67 | 31.08 | 32.20 | 13.49 | 10.54 | 9.75 | 9.07 | 8.74 | 9.60 | 10.28 |
The activity ratios of ManpowerGroup Inc can provide insights into the efficiency of its operations.
1. Receivables Turnover:
- The receivables turnover ratio indicates how efficiently the company is collecting payments from its customers.
- It ranged from 3.66 to 4.31 over the past 5 years, with some fluctuations in between.
- A higher turnover ratio suggests that the company is efficient in collecting payments from its customers.
2. Inventory Turnover:
- Unfortunately, there is no data available for inventory turnover, which makes it challenging to assess the efficiency of managing inventory levels.
3. Payables Turnover:
- There is no data provided for payables turnover, so it is unclear how quickly the company is paying its suppliers.
4. Working Capital Turnover:
- The working capital turnover ratio measures how effectively the company is using its working capital to generate revenue.
- The ratio increased significantly from 10.28 to 33.47 over the past 5 years, indicating improved efficiency in generating revenue with the available working capital.
Overall, while the receivables turnover and working capital turnover ratios show positive trends, the lack of data for inventory and payables turnover limits a comprehensive analysis of ManpowerGroup Inc's overall activity efficiency.
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 87.89 | 92.94 | 92.39 | 88.12 | 93.71 | 88.39 | 95.28 | 89.96 | 94.89 | 84.67 | 94.27 | 95.03 | 96.16 | 91.26 | 95.89 | 97.74 | 99.81 | 91.43 | 82.17 | 84.97 |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
ManpowerGroup Inc's Days of Sales Outstanding (DSO) ratio, a measure of how quickly the company collects outstanding receivables, has fluctuated over the years. It stood at 84.97 days as of March 31, 2020, decreasing to 82.17 days by June 30, 2020, and then increasing to 91.43 days by September 30, 2020. The ratio continued to rise to 99.81 days by December 31, 2020, indicating a slower collection of receivables.
Throughout the following years, the DSO ratio showed variability, with periods of improvement and regression. By December 31, 2024, the DSO ratio decreased to 87.89 days, suggesting a better collection efficiency at that point in time.
On the other hand, the Days of Inventory on Hand (DOH) ratio for ManpowerGroup Inc remained stable at an "— days" level across the periods provided in the data. This indicates that the company did not have a significant amount of inventory on hand compared to its sales volume during those times.
Additionally, the Number of Days of Payables ratio for ManpowerGroup Inc was not available in the data provided, making it challenging to assess the company's efficiency in paying its suppliers and managing its payable accounts over the specified periods.
Overall, while the DSO ratio fluctuated over the years, the DOH and Payables ratios were not available for analysis in the provided data, limiting a comprehensive evaluation of ManpowerGroup Inc'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 | 150.72 | 142.24 | 148.70 | 148.69 | 144.83 | 158.84 | 164.53 | 175.42 | 176.13 | 194.90 | 188.10 | 184.26 | 177.06 | 171.41 | 161.03 | 144.32 | 132.97 | 136.65 | 137.58 | 147.38 |
| Total asset turnover | 2.18 | 2.13 | 2.15 | 2.18 | 2.13 | 2.21 | 2.16 | 2.18 | 2.16 | 2.38 | 2.15 | 2.15 | 2.10 | 2.15 | 2.09 | 1.98 | 1.93 | 2.02 | 2.22 | 2.35 |
ManpowerGroup Inc's fixed asset turnover ratio has shown fluctuations over the years from as high as 194.90 in September 2022 to as low as 132.97 in December 2020. The ratio measures the efficiency of the company in generating sales from its fixed assets. It peaked in December 2022 at 188.10 but decreased to 142.24 by September 2024.
In contrast, the total asset turnover ratio, which assesses the overall efficiency of the company in generating sales from all assets, varied from 2.38 in September 2022 to 1.93 in December 2020. The ratio generally increased from 2020 to 2022, reaching a peak of 2.38 in September 2022, before declining to 2.13 in December 2024.
Overall, the fixed asset turnover ratio indicates the specific efficiency of utilizing fixed assets, while the total asset turnover highlights the overall efficiency of asset utilization. The fluctuations in these ratios suggest changes in the company's operational efficiency and sales generation capabilities over the years.