Matson Inc (MATX)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 11.03 | 10.14 | 11.86 | 13.66 | 16.11 | 14.58 | 12.47 | 11.74 | 11.36 | 10.15 | 9.27 | 9.79 | 9.30 | 9.37 | 9.86 | 9.86 | 10.59 | 9.85 | 10.45 | 10.21 |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.99 | 1.06 | 1.01 |
| Working capital turnover | 77.04 | 47.47 | 117.36 | 125.12 | 24.31 | 17.44 | 9.88 | 16.48 | 42.38 | — | — | — | — | — | — | — | — | — | — | — |
Inventory turnover data is missing for all quarters, indicating that the company has not provided the necessary information to calculate this ratio.
Receivables turnover has been fluctuating over the quarters, showing a general decreasing trend from Q1 2022 to Q4 2023. This suggests that the company is taking longer to collect its accounts receivable, which may signal potential issues with customer credit or collection processes.
Payables turnover has consistently been reported as 0.00 for all quarters in the data provided. This could indicate the company is not actively managing its accounts payable or that it has a significant amount of outstanding payables that are not being turned over.
Working capital turnover has shown significant fluctuations throughout the quarters, with a general increasing trend from Q1 2022 to Q3 2023 followed by a slight decrease in Q4 2023. A high working capital turnover indicates that the company is efficiently utilizing its working capital to generate revenue, but the fluctuations may suggest varying levels of operational efficiency or changes in business activities.
Overall, the activity ratios suggest that Matson Inc may have some issues with managing its inventory, collecting receivables, and managing payables effectively. It is essential for the company to address these issues to improve its overall operational efficiency and financial performance.
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 33.09 | 35.99 | 30.78 | 26.72 | 22.65 | 25.03 | 29.27 | 31.09 | 32.14 | 35.96 | 39.35 | 37.30 | 39.26 | 38.95 | 37.01 | 37.01 | 34.46 | 37.04 | 34.94 | 35.74 |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 367.66 | 343.26 | 361.89 |
Based on the provided data for Matson Inc's activity ratios, we can analyze the following:
1. Days of Inventory on Hand (DOH):
Unfortunately, specific data for the Days of Inventory on Hand is not available for any of the quarters provided. Without this information, it is challenging to assess how efficiently Matson Inc is managing its inventory turnover.
2. Days of Sales Outstanding (DSO):
The Days of Sales Outstanding show the average number of days it takes for Matson Inc to collect its accounts receivable. From Q1 2022 to Q4 2023, there is a fluctuating trend in DSO. The decrease in DSO indicates that Matson Inc has been collecting its receivables at a faster rate over time in the given period.
3. Number of Days of Payables:
Similar to the Days of Inventory on Hand, data for the Number of Days of Payables is not provided for any of the quarters. This hinders our ability to evaluate how long Matson Inc takes to pay its suppliers.
In conclusion, while there is a positive trend in the Days of Sales Outstanding, the lack of information on Inventory Turnover and the Payables Turnover ratios limits a comprehensive analysis of Matson Inc's efficiency in managing its assets and liabilities.
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 | 1.47 | 1.50 | 1.67 | 1.97 | 2.20 | 2.51 | 2.51 | 2.30 | 2.08 | 1.83 | 1.70 | 1.52 | 1.39 | 1.36 | 1.34 | 1.36 | 1.36 | 1.49 | 1.59 | 1.61 |
| Total asset turnover | 0.72 | 0.72 | 0.80 | 0.91 | 1.00 | 1.07 | 1.14 | 1.10 | 1.06 | 1.04 | 0.96 | 0.87 | 0.81 | 0.78 | 0.76 | 0.76 | 0.77 | 0.80 | 0.84 | 0.83 |
Matson Inc's long-term activity ratios provide insights into the efficiency of the company in managing its fixed assets and total assets to generate sales.
The fixed asset turnover ratio has been on a declining trend, decreasing from 2.52 in Q3 2022 to 1.48 in Q4 2023. This indicates that Matson Inc is generating fewer sales from its fixed assets over time. The rapid decrease in fixed asset turnover suggests that the company may be facing challenges in efficiently utilizing its fixed assets to generate revenue.
In contrast, the total asset turnover ratio has also been decreasing but at a slower pace compared to the fixed asset turnover ratio. The ratio declined from 1.08 in Q3 2022 to 0.72 in Q4 2023. This decline suggests that Matson Inc is generating fewer sales from its total assets, including both fixed and current assets, over the periods analyzed.
Overall, the decreasing trend in both fixed asset turnover and total asset turnover ratios may indicate potential inefficiencies in asset utilization and sales generation for Matson Inc. It is important for the company to assess and address the underlying factors contributing to these declines to improve its long-term operational efficiency and profitability.