nVent Electric PLC (NVT)
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 | 5.43 | 5.49 | 4.59 | 4.54 | 4.35 | 4.01 | 3.82 | 4.92 | 5.23 | 4.76 | 4.58 | 4.67 | 4.72 | 4.72 | 4.88 | 5.31 | 5.31 | 5.32 | 5.23 | 5.36 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 5.60 | 5.29 | 4.52 | 4.97 | 5.42 | 4.91 | 4.49 | 4.54 | 5.02 | 5.00 | 5.99 | 6.92 | 8.95 | 7.27 | 5.95 | 6.05 | 6.36 | 5.03 | 4.22 | 4.59 |
nVent Electric PLC's Inventory Turnover ratio has been fluctuating over the years but generally showing a downward trend from 5.36 in March 2020 to 5.43 in December 2024. This indicates that the company's inventory is being sold less frequently.
The Receivables Turnover ratio data is not available, suggesting that the company may not have significant data or changes in its receivables turnover.
The Payables Turnover ratio data is also not provided, implying that the company's payables turnover information is not available for analysis.
The Working Capital Turnover ratio has shown some variations, ranging from 4.22 in June 2020 to 8.95 in December 2021. A higher working capital turnover ratio indicates that the company is efficiently using its working capital to generate sales. However, a decreasing trend in recent periods (e.g., from 5.60 in December 2024) may imply a less efficient utilization of working capital.
Overall, while the inventory turnover and working capital turnover ratios provide some insights into nVent Electric PLC's operational efficiency, the lack of data for receivables turnover and payables turnover limits a comprehensive analysis of the company's activity ratios.
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 | 67.28 | 66.52 | 79.60 | 80.37 | 83.83 | 91.03 | 95.65 | 74.22 | 69.83 | 76.62 | 79.61 | 78.11 | 77.29 | 77.34 | 74.86 | 68.72 | 68.72 | 68.55 | 69.74 | 68.04 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
nVent Electric PLC's Days of Inventory on Hand (DOH) ratio showed some fluctuations over the period under review. The ratio increased from 68.04 days as of March 31, 2020, to a peak of 95.65 days as of June 30, 2023, before declining to 67.28 days as of December 31, 2024. This indicates that the company held inventory for an increasing number of days before selling it during the period, reaching a peak mid-2023 before improving by the end of 2024.
Unfortunately, the data for Days of Sales Outstanding (DSO) and Number of Days of Payables were not provided, making it challenging to assess the efficiency of nVent Electric PLC in collecting receivables and managing payables in relation to the sales activities. These ratios are crucial in evaluating the company's liquidity and financial operational efficiency.
Overall, nVent Electric PLC's activity ratios, particularly the Days of Inventory on Hand, suggest variability in inventory management efficiency over the period, with the company experiencing some challenges mid-2023 before making improvements by the end of 2024.
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 | — | — | — | — | — | 8.45 | 8.01 | 10.08 | 7.96 | 10.43 | 9.79 | 9.07 | 8.46 | 8.05 | 7.48 | 6.11 | 6.91 | 7.35 | 6.46 | 6.78 |
| Total asset turnover | 0.49 | 0.49 | 0.56 | 0.55 | 0.53 | 0.53 | 0.51 | 0.60 | 0.59 | 0.58 | 0.57 | 0.55 | 0.53 | 0.49 | 0.46 | 0.46 | 0.46 | 0.46 | 0.44 | 0.46 |
nVent Electric PLC's fixed asset turnover ratio has displayed fluctuations over the years, ranging from a low of 6.11 in March 2021 to a high of 10.43 in September 2022. The company's fixed asset turnover has shown an overall increasing trend, indicating that nVent is generating more revenue relative to its fixed assets in recent years.
On the other hand, the total asset turnover ratio has been relatively stable, with a slight upward trajectory from 0.46 in March 2020 to 0.49 in September 2021. The ratio peaked at 0.60 in March 2023 before decreasing to 0.49 by September 2024. This ratio measures how efficiently nVent is utilizing all its assets to generate revenue.
Overall, the increasing trend in fixed asset turnover suggests that nVent is effectively utilizing its fixed assets to generate revenue, while the stability in total asset turnover indicates that the company is maintaining consistent efficiency in the utilization of all its assets over the years.