NV5 Global Inc (NVEE)
Activity ratios
Short-term
Turnover ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 8.25 | 7.07 | 7.68 | — | 7.74 | — | — | — | 6.57 | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | 12.72 | 10.01 | 11.45 | 12.77 | 12.07 | 14.12 | 12.82 | 13.55 | 11.09 | 14.20 | 15.40 | 17.12 | 14.90 | 17.11 | 15.00 | 14.53 | 13.50 | 20.40 | 22.73 | 21.66 |
| Working capital turnover | 7.42 | 7.56 | 8.23 | 8.44 | 8.68 | 7.25 | 7.96 | 6.74 | 7.21 | 4.56 | 5.20 | 6.35 | 6.17 | 3.72 | 3.52 | 3.71 | 3.71 | 4.28 | 3.64 | 3.98 |
Based on the provided data, we can evaluate the activity ratios of NV5 Global Inc for the periods mentioned.
1. Receivables Turnover:
- The company's receivables turnover ratio fluctuates over the periods, indicating the number of times receivables are collected during a given time frame. Higher turnover indicates better efficiency in collecting outstanding receivables.
- NV5 Global Inc's receivables turnover varies between 6.57 and 8.25, with some periods showing significant improvements in collection efficiency.
2. Payables Turnover:
- The payables turnover ratio demonstrates how quickly a company pays its suppliers. A higher turnover implies a shorter time to settle payables.
- The company's payables turnover ratio ranges from 10.01 to 22.73, suggesting variations in the company's payment practices over time.
3. Working Capital Turnover:
- The working capital turnover ratio measures how effectively a company utilizes its working capital to generate sales. A higher turnover ratio indicates efficient utilization of working capital.
- NV5 Global Inc's working capital turnover ranges from 3.52 to 8.68, with fluctuations seen in the company's ability to generate sales using its working capital efficiently.
Overall, the analysis of these activity ratios provides insights into NV5 Global Inc's efficiency in managing its receivables, payables, and working capital to support its operations and generate revenue. Tracking these ratios over time can help identify trends in the company's operational efficiency and financial management practices.
Average number of days
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 44.23 | 51.64 | 47.52 | — | 47.19 | — | — | — | 55.58 | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | 28.68 | 36.47 | 31.89 | 28.59 | 30.24 | 25.85 | 28.46 | 26.93 | 32.91 | 25.70 | 23.71 | 21.31 | 24.50 | 21.34 | 24.34 | 25.13 | 27.04 | 17.89 | 16.06 | 16.85 |
The Days of Inventory on Hand (DOH) ratio for NV5 Global Inc is not provided in the data provided. This ratio measures how many days, on average, the company holds inventory before it is sold. As the data for this ratio is missing across all periods, we do not have insights into NV5 Global Inc's inventory management efficiency.
The Days of Sales Outstanding (DSO) ratio for NV5 Global Inc fluctuates, ranging from 44.23 days to 55.58 days over the period analyzed. DSO indicates how long it takes the company to collect its accounts receivable. The lower the DSO, the better, as it shows that the company is collecting payments from customers more quickly. NV5 Global Inc should aim to reduce its DSO over time to improve cash flow and liquidity.
The Number of Days of Payables ratio for NV5 Global Inc ranged from 16.06 days to 36.47 days during the periods examined. This ratio reflects how long it takes the company to pay its suppliers. A longer payment period can indicate good cash flow management, but excessively long payment periods may strain relationships with suppliers. NV5 Global Inc should strike a balance in managing its payables to maintain good vendor relationships while optimizing cash flow.
In conclusion, NV5 Global Inc should focus on monitoring and managing its Days of Sales Outstanding and Number of Days of Payables ratios to enhance its cash flow, working capital efficiency, and overall financial health.
Long-term
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 27.45 | 23.62 | 23.19 | 22.69 | 29.49 | 27.90 | 28.72 | 30.80 | 33.08 | 35.95 | 35.53 | 35.43 | 39.12 | 24.28 | 21.76 | 19.91 | 19.73 | 39.72 | 38.22 | 37.93 |
| Total asset turnover | 1.08 | 0.98 | 0.98 | 1.03 | 1.20 | 1.13 | 1.13 | 1.09 | 1.05 | 1.01 | 1.02 | 1.04 | 1.07 | 0.70 | 0.65 | 0.62 | 0.57 | 0.78 | 0.92 | 0.92 |
The fixed asset turnover of NV5 Global Inc has shown some fluctuations over the periods analyzed. It ranged from a low of 19.73 to a high of 39.72. This ratio indicates how efficiently the company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio is generally considered favorable, as it suggests that the company is generating more revenue per dollar invested in fixed assets.
On the other hand, the total asset turnover ratio of NV5 Global Inc also varied across the periods, ranging between 0.57 and 1.20. This ratio reflects how effectively the company is using all its assets to generate sales. A higher total asset turnover is usually seen as positive, indicating that the company is making efficient use of its assets to generate revenue.
In summary, both the fixed asset turnover and total asset turnover ratios of NV5 Global Inc have fluctuated over the periods analyzed, showing some variability in the company's efficiency in utilizing its assets to generate sales.