Medpace Holdings Inc (MEDP)
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 | 7.11 | 6.64 | 6.74 | 7.02 | 6.37 | 6.20 | 6.24 | 6.24 | 5.88 | 5.57 | 5.71 | 5.41 | 6.14 | 5.87 | 6.37 | 5.97 | 5.76 | 6.68 | 6.93 | 6.53 |
| Payables turnover | 50.25 | 62.40 | 59.24 | 64.86 | 47.85 | 49.37 | 39.65 | 33.48 | 35.15 | 38.92 | 35.97 | 38.60 | 36.13 | 35.10 | 35.26 | 35.73 | 28.14 | 44.92 | 48.15 | 42.46 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | — | 8.57 | 8.82 | 13.28 | 11.10 | 27.62 | 24.48 | — | — |
1. Inventory Turnover Ratio: The data provided does not include any information on the inventory turnover ratio for Medpace Holdings Inc over the specified periods, thus indicating that the company's inventory turnover remains unknown.
2. Receivables Turnover Ratio: The receivables turnover ratio measures how efficiently a company is collecting its outstanding accounts receivable during a specific period. Medpace Holdings Inc's receivables turnover ratio ranged from 5.41 to 7.11 over the past five years. The trend shows a relatively stable performance, indicating that the company has been efficient in collecting payments from its customers.
3. Payables Turnover Ratio: The payables turnover ratio assesses how efficiently a company is managing its accounts payable and paying off its suppliers. Medpace Holdings Inc's payables turnover ratio ranged from 28.14 to 64.86 over the specified periods. The increasing trend suggests that the company has been taking a longer time to pay its suppliers, which may be beneficial in terms of managing cash flow.
4. Working Capital Turnover Ratio: The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales. The data provided shows that Medpace Holdings Inc had working capital turnover ratios ranging from 8.57 to 27.62, indicating fluctuations in the company's ability to generate sales from its working capital over the past few years.
Overall, the analysis of Medpace Holdings Inc's activity ratios suggests that the company has been relatively efficient in managing its receivables and payables, with some fluctuations in working capital turnover. Further evaluation and comparison with industry averages would provide a more comprehensive assessment of the company's performance in these areas.
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 | 51.32 | 54.95 | 54.19 | 51.96 | 57.33 | 58.83 | 58.46 | 58.52 | 62.13 | 65.55 | 63.91 | 67.46 | 59.42 | 62.18 | 57.29 | 61.12 | 63.42 | 54.61 | 52.68 | 55.86 |
| Number of days of payables | days | 7.26 | 5.85 | 6.16 | 5.63 | 7.63 | 7.39 | 9.21 | 10.90 | 10.38 | 9.38 | 10.15 | 9.46 | 10.10 | 10.40 | 10.35 | 10.21 | 12.97 | 8.13 | 7.58 | 8.60 |
The Days of Sales Outstanding (DSO) for Medpace Holdings Inc have fluctuated over the years, ranging from a low of 51.96 days to a high of 67.46 days. This indicates the average number of days it takes for the company to collect revenue after making a sale.
The Number of Days of Payables have also shown variation, decreasing from 12.97 days in December 2020 to 5.63 days in March 2024. This metric reflects the average number of days the company takes to pay its suppliers.
Unfortunately, the data for Days of Inventory on Hand (DOH) is missing, which could have provided insight into how efficiently the company manages its inventory levels.
In summary, while there have been fluctuations in the DSO and Number of Days of Payables for Medpace Holdings Inc, a stable or improving trend in these activity ratios would be favorable for the company's overall operational efficiency.
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 | 17.06 | 16.68 | 16.57 | 16.53 | 15.75 | 15.83 | 14.96 | 14.13 | 13.55 | 13.25 | 12.45 | 12.34 | 12.29 | 12.47 | 11.94 | 11.31 | 10.90 | 12.54 | 13.37 | 17.82 |
| Total asset turnover | 1.00 | 0.99 | 1.06 | 1.09 | 1.15 | 1.22 | 1.22 | 1.15 | 1.10 | 1.04 | 0.98 | 0.90 | 0.69 | 0.69 | 0.70 | 0.66 | 0.67 | 0.69 | 0.72 | 0.78 |
The fixed asset turnover ratio for Medpace Holdings Inc has shown a decreasing trend from 17.82 in March 2020 to 17.06 in December 2024. This indicates that the company's ability to generate sales from its fixed assets has been declining over the years, though it has seen fluctuations within this period. However, the ratio remains relatively high, suggesting that the company is efficiently utilizing its fixed assets to generate revenue.
On the other hand, the total asset turnover ratio has been more volatile, fluctuating between 0.66 and 1.22 during the same period. The ratio increased significantly from 0.66 in March 2021 to 1.22 in June 2023 before declining to 1.00 in December 2024. This indicates that Medpace Holdings Inc has been able to generate increasing revenue compared to its total assets, reaching a peak in June 2023.
Overall, the analysis of long-term activity ratios for Medpace Holdings Inc suggests that the company has been effectively managing its assets to generate revenue over the years, with some fluctuations in performance observed.