NV5 Global Inc (NVEE)
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 | 2.41 | 5.08 | 6.06 | 5.05 | 4.32 |
Based on the provided data, NV5 Global Inc's activity ratios can be analyzed as follows:
1. Inventory Turnover: The inventory turnover ratio for NV5 Global Inc is not available (represented as "—") for all the years from December 31, 2020, to December 31, 2024. This may indicate that the company does not hold significant levels of inventory relative to its sales.
2. Receivables Turnover: The receivables turnover ratio, which indicates how efficiently a company collects outstanding receivables, is not available (represented as "—") for all the years from December 31, 2020, to December 31, 2024. Lack of data makes it challenging to assess the company's ability to manage its accounts receivables effectively.
3. Payables Turnover: The payables turnover ratio, which measures how quickly a company pays off its suppliers, is not available (represented as "—") for all the years from December 31, 2020, to December 31, 2024. Without this information, it is unclear how efficiently NV5 Global Inc manages its accounts payable.
4. Working Capital Turnover: The working capital turnover ratio for NV5 Global Inc shows a trend over the years. It was 4.32 in 2020, increased to 5.05 in 2021, further increased to 6.06 in 2022, dropped to 5.08 in 2023, and significantly decreased to 2.41 in 2024. A high working capital turnover ratio generally indicates effective utilization of working capital to generate sales. The decrease in the ratio in 2024 may indicate potential inefficiencies in managing working capital compared to previous years.
In conclusion, while the information provided on inventory turnover, receivables turnover, and payables turnover is not available, the working capital turnover ratio for NV5 Global Inc shows fluctuations over the years, suggesting variations in the company's ability to generate sales efficiently using its working capital.
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 | — | — | — | — | — |
The data provided for NV5 Global Inc does not include specific values for Days of Inventory on Hand (DOH), Days of Sales Outstanding (DSO), and Number of Days of Payables for the years ending December 31, 2020 to December 31, 2024. Without specific numerical values, it is challenging to conduct a detailed analysis of these activity ratios for NV5 Global Inc.
However, these activity ratios are crucial in assessing the efficiency of a company's operations.
- Days of Inventory on Hand (DOH) indicates how many days a company takes to turn its inventory into sales. A lower DOH value is usually preferred as it suggests effective inventory management.
- Days of Sales Outstanding (DSO) measures how long it takes for a company to collect its accounts receivables. A lower DSO value indicates that the company is collecting payments from customers more quickly.
- Number of Days of Payables shows how long it takes for a company to pay its bills to suppliers. A higher number of days of payables suggests that the company is taking longer to pay its bills, which could indicate better cash flow management.
Without the specific values for these ratios, it is not possible to provide a detailed analysis of NV5 Global Inc's efficiency in managing inventory, collecting receivables, and paying its suppliers. It would be beneficial to have the actual values for these ratios to determine the company's performance in these key areas.
Long-term
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 9.72 | 9.18 | 9.34 |
| Total asset turnover | 0.37 | 0.74 | 0.84 | 0.73 | 0.75 |
The Fixed Asset Turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. For NV5 Global Inc, the Fixed Asset Turnover has been relatively stable over the years, ranging from 9.18 to 9.72. This indicates that the company is effectively generating revenue from its investment in fixed assets.
On the other hand, the Total Asset Turnover ratio provides insights into how efficiently the company is using all its assets to generate sales. NV5 Global Inc's Total Asset Turnover has shown some variability, with values of 0.73 to 0.84. A declining trend from 2022 to 2024 may suggest that the company's asset utilization in generating revenue has decreased, possibly due to changes in business operations or asset management.
Overall, the Fixed Asset Turnover indicates strong efficiency in generating revenue from fixed assets, while the fluctuating Total Asset Turnover raises questions about the overall utilization of all assets in revenue generation. Monitoring these ratios over time can help assess the company's operational efficiency and resource allocation strategies.