Manhattan Associates Inc (MANH)
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 | 4.98 | 5.15 | 5.24 | 4.70 | 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 |
| Payables turnover | 24.16 | 27.13 | 24.38 | 23.14 | 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 |
| Working capital turnover | 10.19 | 11.43 | 15.78 | 13.21 | 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 |
Manhattan Associates Inc's activity ratios suggest varying efficiency levels in managing its inventory, receivables, payables, and working capital over the reported periods.
- Inventory Turnover: The data indicates unavailable inventory turnover information, making it difficult to assess the company's efficiency in managing its inventory levels.
- Receivables Turnover: Manhattan Associates Inc generally maintained a stable receivables turnover ratio over the periods, ranging from 4.58 to 5.63. A consistent or increasing trend in receivables turnover is generally positive as it indicates effective management of credit sales and collections.
- Payables Turnover: The company's payables turnover ranged from 15.28 to 27.13 over the periods. A higher payables turnover ratio suggests that the company is taking less time to pay its suppliers, which could indicate strong liquidity or negotiation power with suppliers.
- Working Capital Turnover: Manhattan Associates Inc's working capital turnover varied significantly, ranging from 4.16 to 28.78 over the reported periods. A higher working capital turnover ratio indicates that the company’s working capital is being utilized efficiently to generate sales.
Overall, analyzing these activity ratios collectively can provide valuable insights into Manhattan Associates Inc's operational efficiency and management of key working capital components.
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 | 73.28 | 70.83 | 69.72 | 77.66 | 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 |
| Number of days of payables | days | 15.11 | 13.45 | 14.97 | 15.78 | 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 |
The Days of Inventory on Hand (DOH) for Manhattan Associates Inc has remained constant at an unchanged figure over the years as the data shows the same value for each reporting period. This may indicate a stable inventory management strategy, but further analysis is needed to understand the efficiency of inventory turnover.
The Days of Sales Outstanding (DSO) for the company fluctuated over the years, ranging from approximately 65 days to around 80 days. A decreasing trend in DSO would suggest that the company is collecting revenue more quickly, while an increasing trend may indicate potential issues with accounts receivable management.
The Number of Days of Payables for Manhattan Associates Inc showed a decreasing trend over the years, from around 23 days to approximately 15 days. A lower number of days of payables suggests that the company is taking less time to pay its suppliers, which could potentially strain cash flow but also indicate good relationships with suppliers and potential discounts for early payments.
Overall, a detailed analysis of these activity ratios in conjunction with other financial metrics would provide a more comprehensive understanding of Manhattan Associates Inc's operational efficiency and effectiveness in managing working capital.
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 | 75.11 | 80.36 | 74.76 | 76.22 | 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 |
| Total asset turnover | 1.39 | 1.47 | 1.50 | 1.43 | 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 |
The fixed asset turnover ratio of Manhattan Associates Inc has shown a steady increase over the past few years, starting at 29.48 in March 2020 and reaching 75.11 by December 31, 2024. This indicates that the company is generating more revenue from its fixed assets over time.
On the other hand, the total asset turnover ratio has fluctuated throughout the same period, varying from 1.26 in December 31, 2020, to a peak of 1.61 in June 30, 2023. This ratio measures how efficiently the company is utilizing all its assets to generate revenue.
Overall, the increasing trend in the fixed asset turnover ratio suggests that Manhattan Associates Inc has been effectively utilizing its fixed assets to generate revenue. However, the fluctuating trend in the total asset turnover ratio indicates varying levels of efficiency in utilizing all assets for revenue generation during the same period.