Matson Inc (MATX)
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 | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
| Working capital turnover | 69.55 | 77.36 | 24.40 | 42.62 | — |
Based on the provided data for Matson Inc's activity ratios:
1. Inventory Turnover:
- The inventory turnover ratio is not available for the years 2020 to 2024. Without this data, it is difficult to assess how effectively Matson Inc is managing its inventory levels and converting them into sales.
2. Receivables Turnover:
- The receivables turnover ratio is not available for the years 2020 to 2024. This ratio helps in understanding how efficiently the company is collecting payments from its customers. Without this information, it is challenging to evaluate Matson Inc's credit and collection policies.
3. Payables Turnover:
- The payables turnover ratio is not available for the years 2020 to 2024. This ratio is essential for analyzing how quickly Matson Inc is paying its suppliers and managing its working capital. The absence of this data makes it challenging to assess the company's payment practices.
4. Working Capital Turnover:
- The working capital turnover ratio, which measures how efficiently a company is utilizing its working capital to generate sales, is provided for the years 2021 to 2024.
- The trend shows an improvement in the ratio from 2021 to 2023, indicating that Matson Inc was able to generate more sales relative to its working capital investment during these years.
- However, there was a slight decline in the ratio in 2024 compared to 2023, suggesting a potential decrease in sales generated per unit of working capital invested.
In conclusion, the lack of data for inventory turnover, receivables turnover, and payables turnover ratios for Matson Inc for the years 2020 to 2024 limits a comprehensive analysis of the company's activity ratios. However, the improvement in the working capital turnover ratio from 2021 to 2023 is a positive indicator of operational efficiency, although the slight decline in 2024 warrants further investigation into the company's working capital management.
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 | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
The activity ratios provide insights into Matson Inc's efficiency in managing its operational cycle. However, the data provided, which includes Days of Inventory on Hand (DOH), Days of Sales Outstanding (DSO), and Number of Days of Payables, is not available for analysis for the years 2020 to 2024.
Without this specific data, we are unable to evaluate Matson Inc's effectiveness in managing its inventory, collecting receivables, and paying its payables within the given time frames. To better understand the company's activity ratios and overall operational efficiency, it is essential to have access to the actual data for these ratios.
Long-term
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 2.21 | 2.09 | 1.41 |
| Total asset turnover | 0.74 | 0.72 | 1.00 | 1.06 | 0.82 |
The fixed asset turnover ratio measures how efficiently a company is using its fixed assets to generate revenue. In the case of Matson Inc, the ratio has shown an increasing trend over the past few years. From 2020 to 2023, the ratio increased from 1.41 to 2.21, indicating that the company is generating more revenue relative to its investment in fixed assets.
On the other hand, the total asset turnover ratio measures how efficiently a company is using all its assets to generate revenue. For Matson Inc, the total asset turnover ratio fluctuated slightly over the same period. It increased from 0.82 in 2020 to 1.06 in 2021, but then decreased to 0.74 by the end of 2024. This indicates that in recent years, the company's ability to generate revenue from its total assets has been slightly less consistent compared to its fixed assets.
Overall, the trends in both the fixed asset turnover and total asset turnover ratios suggest that Matson Inc has been improving its efficiency in generating revenue from its assets, particularly its fixed assets. However, the slight decrease in the total asset turnover ratio in 2024 may warrant further investigation into the company's overall asset utilization strategy.