N-Able Inc (NABL)
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 | 13.68 | 2.95 | 4.03 | 5.76 | 3.74 |
N-Able Inc's activity ratios reveal trends in its operational efficiency over the years.
- Inventory turnover: The data shows that N-Able Inc did not provide information on its inventory turnover for the years 2020 to 2024. This ratio is essential for measuring how quickly the company sells its inventory during a specific period. Without this data, it is challenging to assess N-Able Inc's efficiency in managing its inventory levels.
- Receivables turnover: Similarly, the company has not disclosed its receivables turnover for the years 2020 to 2024. Receivables turnover ratio indicates how efficiently a company collects on its credit sales. The absence of this data makes it difficult to evaluate N-Able Inc's effectiveness in collecting payments from its customers.
- Payables turnover: N-Able Inc did not provide information on its payables turnover for the years 2020 to 2024. This ratio is crucial for assessing how quickly a company pays its suppliers. The lack of data on payables turnover hinders the analysis of N-Able Inc's payment practices.
- Working capital turnover: The working capital turnover ratio indicates the efficiency with which a company utilizes its working capital to generate sales revenue. N-Able Inc's working capital turnover has shown a fluctuating trend over the years, with a significant increase from 2023 to 2024. This suggests that the company has improved its ability to generate sales relative to its working capital investment.
In conclusion, while the working capital turnover ratio provides some insights into N-Able Inc's operational efficiency, the absence of data on inventory turnover, receivables turnover, and payables turnover limits a comprehensive analysis of the company's overall activity and performance.
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 | — | — | — | — | — |
Based on the provided data for N-Able Inc, the activity ratios can be analyzed as follows:
1. Days of Inventory on Hand (DOH): The data for the days of inventory on hand is not available for the years 2020 to 2024. This ratio indicates the average number of days the company holds inventory before it is sold. A lower DOH is generally favorable as it implies a faster inventory turnover.
2. Days of Sales Outstanding (DSO): The information on days of sales outstanding is not provided for the years 2020 to 2024. DSO measures the average number of days it takes for a company to collect revenue after a sale. A lower DSO is preferred as it signifies quicker cash collection.
3. Number of Days of Payables: The data for the number of days of payables is not disclosed for the years 2020 to 2024. This ratio indicates the average number of days a company takes to pay its suppliers or vendors. A higher number of days of payables may suggest a company's ability to manage its cash flow effectively by delaying payments.
In the absence of specific numerical values for these activity ratios, a comprehensive assessment of N-Able Inc's efficiency in managing its inventory, accounts receivable, and accounts payable cannot be made. It is important for the company to track and monitor these ratios over time to evaluate its operational performance and cash flow management.
Long-term
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 9.94 | 4.62 | 9.10 |
| Total asset turnover | 0.35 | 0.36 | 0.34 | 0.33 | 0.28 |
The fixed asset turnover ratio for N-Able Inc indicates how efficiently the company is generating sales revenue from its fixed assets. In 2020, the ratio was 9.10, which means that for every dollar invested in fixed assets, the company generated $9.10 in revenue. However, this ratio decreased to 4.62 in 2021, suggesting a decline in the company's ability to utilize its fixed assets effectively.
The fixed asset turnover ratio improved significantly in 2022 to 9.94, indicating that the company was able to generate more sales from its fixed assets. Unfortunately, data for 2023 and 2024 are not available, making it challenging to assess the company's performance in utilizing its fixed assets during those years.
On the other hand, the total asset turnover ratio for N-Able Inc measures how efficiently the company is using its total assets to generate sales revenue. The ratio increased from 0.28 in 2020 to 0.33 in 2021 and further to 0.34 in 2022, reflecting an improvement in the company's overall asset utilization.
In 2023, the total asset turnover ratio continued to increase to 0.36 before slightly decreasing to 0.35 in 2024. This trend indicates that N-Able Inc has been effectively utilizing its total assets to generate sales revenue over the years, albeit with a slight dip in 2024.
Overall, while the fixed asset turnover ratio showed some fluctuations, the total asset turnover ratio demonstrated a consistent improvement, indicating that N-Able Inc has been effectively utilizing its assets to drive sales revenue during the analyzed period.