Enpro Industries (NPO)
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 | 4.35 | 4.24 | 4.21 | 4.22 | 4.44 | 4.43 | 4.35 | 4.49 | 4.95 | 5.10 | 4.59 | 4.57 | 4.41 | 4.72 | 4.68 | 4.91 | 5.02 | 5.72 | 5.22 | 5.84 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 3.34 | 3.14 | 3.39 | 3.63 | 2.33 | 2.45 | 1.96 | 2.27 | 2.57 | 3.08 | 4.10 | 3.97 | 3.42 | 2.33 | 2.61 | 2.71 | 2.85 | 1.89 | 2.25 | 2.66 |
Inventory Turnover Ratio:
Enpro Industries' inventory turnover ratio has been fluctuating over the years, ranging from 4.21 to 5.84. Generally, a higher inventory turnover ratio indicates that the company is selling its inventory more efficiently. The decreasing trend in the ratio from 2022 to 2024 may suggest a potential issue with managing inventory levels effectively.
Receivables Turnover Ratio:
There is no data provided for Enpro Industries' receivables turnover ratio for the periods mentioned. This may indicate that the company does not disclose this information in its financial statements or that there are no accounts receivable to analyze.
Payables Turnover Ratio:
Similar to the receivables turnover ratio, no data is available for the payables turnover ratio. This could imply that the company settles its payables quickly, or possibly, it doesn't provide information on this aspect of its operations.
Working Capital Turnover Ratio:
Enpro Industries' working capital turnover ratio has varied significantly, ranging from 1.89 to 4.10. A higher working capital turnover ratio indicates that the company is generating more revenue relative to its working capital. The ratio has shown an increasing trend from 2020 to 2022, suggesting improved efficiency in generating revenue from the capital employed. However, a decline in the ratio from 2022 to 2024 may warrant further investigation into the company's working capital management strategies.
In conclusion, while Enpro Industries demonstrates varying levels of efficiency in managing its inventory and working capital, further analysis of its accounts receivable and payables turnover ratios could provide additional insights into the company's overall operational performance and financial health.
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 | 83.89 | 86.08 | 86.79 | 86.56 | 82.29 | 82.42 | 83.90 | 81.34 | 73.67 | 71.54 | 79.57 | 79.88 | 82.81 | 77.33 | 77.99 | 74.32 | 72.72 | 63.79 | 69.95 | 62.51 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the data provided, we can analyze the activity ratios for Enpro Industries as follows:
1. Days of Inventory on Hand (DOH):
- Enpro Industries had an average DOH of around 75 days over the last few quarters.
- There was a fluctuation in the DOH, ranging from a low of 62.51 days to a high of 86.79 days during the period.
- A high DOH may indicate slow inventory turnover or excess inventory levels, which could tie up working capital.
2. Days of Sales Outstanding (DSO):
- The DSO data is not available for Enpro Industries in the provided dataset.
- Without this information, it is challenging to assess how quickly the company is collecting its accounts receivable.
3. Number of Days of Payables:
- Similarly, the data for the number of days of payables is not available for Enpro Industries.
- This information is crucial to understand how long the company takes to pay its suppliers, which can impact cash flow and relationships with vendors.
In conclusion, based on the available data, Enpro Industries should focus on managing its inventory levels efficiently to ensure optimal working capital utilization. Additionally, monitoring DSO and payables turnover can provide more comprehensive insights into the company's overall liquidity and operating 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 | — | — | — | — | — | 5.82 | 5.99 | 6.32 | 6.56 | 7.17 | 5.47 | 5.15 | 4.82 | 6.24 | 5.92 | 5.61 | 5.51 | 5.94 | 5.76 | 6.36 |
| Total asset turnover | 0.42 | 0.41 | 0.41 | 0.41 | 0.42 | 0.43 | 0.42 | 0.44 | 0.46 | 0.45 | 0.44 | 0.41 | 0.38 | 0.53 | 0.53 | 0.51 | 0.52 | 0.54 | 0.58 | 0.65 |
Enpro Industries' fixed asset turnover ratio has displayed some fluctuations over the reporting periods, ranging from a high of 7.17 to a low of 4.82. This indicates the efficiency with which the company is generating sales revenue from its investment in fixed assets. A higher fixed asset turnover ratio is generally preferred as it implies that the company is utilizing its fixed assets more effectively to generate revenue.
Similarly, the total asset turnover ratio for Enpro Industries has also shown variability, with values ranging from 0.38 to 0.65. This ratio measures the efficiency of the company in generating sales in relation to its total assets. A higher total asset turnover ratio signifies that the company is generating more sales for each unit of its total assets, reflecting efficient asset utilization.
Overall, the trend in both fixed asset turnover and total asset turnover ratios should be assessed over a longer period to better understand the company's operational efficiency and asset utilization. fluctuations in these ratios can point to changes in the company's business operations, financial health, or strategic decisions that impact its long-term performance.