Minerals Technologies Inc (MTX)
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 | 4.59 | 4.63 | 4.83 | 5.02 | 5.11 | 4.96 | 4.74 | 4.56 | 4.76 | 4.71 | 4.58 | 4.40 | 4.73 | 4.83 | 4.93 | 4.93 | 4.79 | 4.71 | 4.63 | 5.29 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 2.89 | 3.14 | 3.25 | 3.27 | 3.38 | 3.47 | 3.53 | 3.58 | 3.71 | 3.61 | 3.37 | 3.03 | 3.05 | 2.99 | 2.18 | 2.16 | 2.16 | 2.07 | 4.43 | 3.43 |
Minerals Technologies Inc's inventory turnover has shown a mixed trend over the past few years, fluctuating between 4.40 and 5.11 times. This indicates that, on average, the company has been able to sell and replace its inventory between 4 to 5 times during a year.
The lack of data for the receivables and payables turnover ratios suggests that these metrics may not be relevant or meaningful for the company or may not be disclosed in the financial statements.
When looking at the working capital turnover ratio, we observe a generally stable performance with slight fluctuations. This ratio has ranged between 2.07 and 4.43 over the reporting periods, indicating the company's ability to generate revenue relative to its working capital. An upward trend in this ratio may imply improved efficiency in the utilization of working capital to generate sales.
Overall, it would be beneficial for Minerals Technologies Inc to focus on managing its inventory effectively and continue to monitor and potentially optimize its working capital turnover to enhance operational efficiency and performance.
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 | 79.49 | 78.82 | 75.50 | 72.73 | 71.43 | 73.61 | 76.95 | 80.00 | 76.67 | 77.56 | 79.64 | 82.97 | 77.12 | 75.63 | 74.02 | 74.02 | 76.17 | 77.53 | 78.81 | 69.00 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Minerals Technologies Inc's Days of Inventory on Hand (DOH) has shown some fluctuations over the past few years, ranging from a low of 69.00 days as of March 31, 2020, to a high of 82.97 days as of March 31, 2022. This indicates that the company has, on average, held inventory for 69 to 83 days before selling it during this period.
Unfortunately, the data for Days of Sales Outstanding (DSO) and Number of Days of Payables are not provided, making it challenging to analyze the company's efficiency in collecting receivables and paying its payables.
Overall, based on the available information on inventory management, it appears that Minerals Technologies Inc may need to focus on optimizing its inventory levels to ensure efficient working capital management and minimize carrying costs. Additionally, without data on DSO and payables turnover, a holistic assessment of the company's overall liquidity and operational efficiency cannot be fully evaluated.
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 | — | — | — | — | — | 2.20 | 2.04 | 2.04 | 2.02 | 2.02 | 1.92 | 1.84 | 1.77 | 1.72 | 1.67 | 1.58 | 1.53 | 1.56 | 1.63 | 1.71 |
| Total asset turnover | 0.62 | 0.63 | 0.64 | 0.65 | 0.65 | 0.64 | 0.63 | 0.62 | 0.63 | 0.62 | 0.60 | 0.56 | 0.55 | 0.54 | 0.53 | 0.51 | 0.50 | 0.50 | 0.54 | 0.58 |
Minerals Technologies Inc's Fixed Asset Turnover ratio has exhibited a generally increasing trend over the observed period, starting at 1.71 in March 2020 and reaching 2.20 by September 2023. This indicates that the company is generating more revenue for each dollar invested in fixed assets, reflecting improved efficiency in utilizing its long-term assets to generate sales.
On the other hand, the Total Asset Turnover ratio shows a fluctuating pattern, although it generally follows an upward trajectory over the same period. Starting at 0.58 in March 2020, the ratio increased to 0.65 by March 2024. This indicates that the company's total assets are being more efficiently utilized to generate sales over time.
In summary, both ratios suggest that Minerals Technologies Inc has been effectively managing its assets to drive revenue growth. The increasing Fixed Asset Turnover ratio indicates improving efficiency in utilizing fixed assets, while the upward trend in Total Asset Turnover ratio reflects enhanced overall asset efficiency in generating sales.