Manhattan Associates Inc (MANH)
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 | 28.59 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 5.11 | 4.84 | 4.74 | 5.03 | 4.58 | 5.16 | 5.32 | 5.19 | 5.22 | 5.55 | 5.44 | 5.55 | 5.29 | 5.63 | 5.60 | 5.55 | 6.04 | 5.62 | 5.87 | 5.37 |
| Payables turnover | 24.16 | 22.58 | 21.06 | 20.83 | 19.55 | 18.05 | 18.50 | 17.98 | 22.00 | 15.97 | 15.28 | 17.57 | 18.04 | 17.96 | 20.56 | 15.55 | 16.66 | 15.92 | 18.56 | 17.93 |
| Working capital turnover | 8.23 | 14.77 | 28.78 | 16.56 | 7.69 | 8.95 | 6.89 | 5.70 | 4.16 | 4.19 | 4.76 | 4.78 | 4.29 | 5.74 | 8.87 | 15.32 | 12.24 | 10.30 | 8.36 | 8.77 |
Inventory turnover for Manhattan Associates, Inc. is not provided in the data table. The receivables turnover ratio has been relatively stable over the past eight quarters, ranging from 4.58 to 5.16. This suggests that the company is efficient in collecting its accounts receivable, with an average collection period of approximately 71 to 79 days.
On the other hand, the payables turnover ratio has shown an increasing trend, from 12.49 in Q1 2022 to 17.57 in Q4 2023. This indicates that the company is taking longer to pay its suppliers, potentially improving its cash flow position at the expense of supplier relationships.
The working capital turnover ratio has fluctuated significantly, ranging from 5.70 to 28.84 over the past two years. A higher turnover ratio indicates that the company is efficiently utilizing its working capital to generate sales revenue. The sharp increase in Q2 2023 may indicate a more efficient management of working capital during that period, potentially attributed to improved operations or strategic initiatives.
Overall, while the receivables turnover ratio indicates strong collection efficiency, the increasing payables turnover ratio suggests potential impact on supplier relationships, and the fluctuating working capital turnover ratio may signal variable efficiency in managing working capital during different quarters.
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 | 12.77 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 71.45 | 75.49 | 76.97 | 72.61 | 79.69 | 70.73 | 68.65 | 70.27 | 69.86 | 65.82 | 67.07 | 65.78 | 69.01 | 64.80 | 65.12 | 65.73 | 60.44 | 64.97 | 62.14 | 67.96 |
| Number of days of payables | days | 15.11 | 16.16 | 17.33 | 17.53 | 18.67 | 20.22 | 19.73 | 20.30 | 16.59 | 22.86 | 23.90 | 20.78 | 20.23 | 20.32 | 17.76 | 23.48 | 21.91 | 22.92 | 19.67 | 20.35 |
Days of inventory on hand (DOH) for Manhattan Associates Inc. is not provided in the table, so we are unable to evaluate the company's efficiency in managing inventory over time.
Days of sales outstanding (DSO) decreased from 79.66 days in Q4 2022 to 71.74 days in Q4 2023, suggesting an improvement in collecting receivables. While there were fluctuations over the quarters, the general trend indicates a more efficient collection process.
Number of days of payables decreased from 26.19 days in Q4 2022 to 20.77 days in Q4 2023, indicating that the company is taking longer to pay its suppliers. This can be seen as a positive sign as it shows the company's ability to manage its working capital more effectively over time.
Overall, Manhattan Associates Inc. has shown improvements in managing its accounts receivable and payables, indicating better efficiency in converting inventory into sales and managing its cash flow.
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 | 79.06 | 78.70 | 72.00 | 66.99 | 59.89 | 60.38 | 57.66 | 51.89 | 47.78 | 44.82 | 41.03 | 35.77 | 32.82 | 33.09 | 31.14 | 29.48 | 27.18 | 29.06 | 40.59 | 43.27 |
| Total asset turnover | 1.38 | 1.55 | 1.61 | 1.52 | 1.34 | 1.44 | 1.38 | 1.34 | 1.23 | 1.24 | 1.31 | 1.29 | 1.26 | 1.42 | 1.59 | 1.79 | 1.66 | 1.60 | 1.58 | 1.60 |
The fixed asset turnover ratio for Manhattan Associates, Inc. has shown an increasing trend over the quarters, indicating that the company is generating more sales from its fixed assets. This signifies the effectiveness of the company in utilizing its fixed assets to generate revenue.
On the other hand, the total asset turnover ratio has fluctuated over the quarters but has generally remained above 1, suggesting that the company is efficient in generating sales from all its assets, both fixed and current. A total asset turnover ratio above 1 indicates that the company is generating more revenue per dollar of assets, which is a positive sign of efficiency in asset utilization.
Overall, Manhattan Associates, Inc. demonstrates a strong performance in terms of both fixed asset turnover and total asset turnover ratios, showcasing efficient asset management and revenue generation capabilities.