Mattel Inc (MAT)

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	9.04	6.31	5.05	5.20	5.62	4.81	4.43	5.23	6.37	5.64	5.74	7.19	8.33	6.25	5.95	7.97	9.19	5.05	4.93	6.04
Receivables turnover	4.90	3.22	5.48	7.44	6.08	4.09	5.71	6.32	4.75	3.41	6.09	6.56	4.22	3.22	6.35	8.07	4.66	3.42	5.77	6.93
Payables turnover	11.68	11.08	13.43	15.90	10.66	10.53	9.76	10.59	8.54	8.95	10.69	12.45	8.89	8.54	10.77	14.58	9.91	6.92	8.55	11.45
Working capital turnover	2.98	2.91	3.50	3.59	3.39	3.75	4.60	5.00	3.99	4.77	4.54	4.35	3.83	4.42	6.31	6.27	4.49	4.78	5.15	4.84

Inventory turnover measures how efficiently a company manages its inventory. Mattel Inc's inventory turnover has fluctuated over the periods provided, ranging from a low of 4.43 to a high of 9.04. Generally, a higher turnover ratio indicates better inventory management, as the company is selling and restocking its inventory more frequently.

Receivables turnover reflects how quickly a company collects its accounts receivable. Mattel's receivables turnover has varied from 3.22 to 8.07, showing some inconsistency in collecting payments from customers. A higher turnover ratio is preferable, as it signifies faster collection of outstanding receivables.

Payables turnover indicates how fast a company pays its suppliers. Mattel's payables turnover has also fluctuated, ranging from 8.54 to 15.90. A higher turnover ratio suggests that the company is efficiently managing its payables and settling its obligations promptly.

Working capital turnover assesses how effectively a company utilizes its working capital. Mattel's working capital turnover has shown variability, from 2.91 to 6.31. A higher turnover ratio typically indicates more efficient use of working capital to generate sales.

Overall, while some fluctuations are observed in Mattel Inc's activity ratios, the company's ability to manage inventory, receivables, payables, and working capital appears reasonable, suggesting a decent level of operational efficiency.

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	40.38	57.86	72.25	70.24	64.91	75.86	82.31	69.77	57.33	64.72	63.61	50.76	43.79	58.42	61.36	45.79	39.73	72.24	74.10	60.40
Days of sales outstanding (DSO)	days	74.45	113.52	66.67	49.07	60.04	89.14	63.94	57.72	76.86	106.99	59.94	55.64	86.43	113.33	57.48	45.20	78.39	106.86	63.26	52.64
Number of days of payables	days	31.24	32.94	27.18	22.96	34.23	34.66	37.41	34.46	42.72	40.76	34.13	29.33	41.05	42.76	33.91	25.03	36.83	52.77	42.71	31.87

The Days of Inventory on Hand (DOH) for Mattel Inc has shown some fluctuation over the past years, ranging from a low of 39.73 days to a high of 82.31 days. This suggests that the company has been managing its inventory levels differently during each period. A lower DOH indicates faster turnover of inventory, while a higher DOH may signify excess inventory or slower sales.

The Days of Sales Outstanding (DSO) has also varied significantly, with a low of 45.20 days and a high of 113.52 days. A lower DSO is generally preferable as it indicates quicker collection of receivables, whereas a higher DSO could indicate potential issues with collecting payments from customers promptly.

In terms of the Number of Days of Payables, Mattel Inc has maintained a relatively stable range from around 22.96 days to 42.76 days. A lower number of days of payables suggests that the company is paying its suppliers more quickly, while a higher number of days may indicate that the company is taking longer to settle its payables.

Overall, the activity ratios for Mattel Inc highlight the importance of effectively managing inventory levels, receivables collection, and payables payment to maintain liquidity and operational efficiency.

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	11.39	11.05	10.51	10.64	11.15	12.73	12.77	12.06	11.17	10.76	10.38	9.90	9.22	9.23	8.75	8.21	7.93	7.71	7.32	6.96
Total asset turnover	0.82	0.81	0.83	0.86	0.85	0.87	0.92	0.89	0.80	0.78	0.91	0.87	0.79	0.76	0.83	0.89	0.82	0.80	0.86	0.85

The fixed asset turnover ratio of Mattel Inc has shown a consistent upward trend over the past five quarters, indicating that the company is generating more revenue relative to its investment in fixed assets. This suggests that Mattel is effectively utilizing its fixed assets to generate sales.

On the other hand, the total asset turnover ratio of Mattel Inc has fluctuated over the same period but generally remained stable. This indicates that the company is generating a relatively consistent level of sales in relation to its total assets.

Overall, both ratios suggest that Mattel Inc is efficiently managing its assets to generate revenue, with a particular strength in utilizing its fixed assets effectively.