Ormat Technologies Inc (ORA)
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 | 15.94 | 12.92 | 13.62 | 11.17 | 12.55 | 11.77 | 13.05 | 10.14 | 20.38 | 15.28 | 13.55 | 12.77 | 14.02 | 14.17 | 13.91 | 10.71 | 12.15 | 12.87 | 11.63 | 13.55 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | — | — | — | 13.79 | 7.61 | — | 2.51 | 1.75 | 6.51 | 6.99 | 3.02 | — | 11.48 | 6.44 | 1.91 | 1.44 | 1.33 | 2.42 | 6.49 | 43.56 |
The activity ratios provide valuable insights into how efficiently Ormat Technologies Inc manages its assets and operations.
1. Inventory Turnover:
- Ormat's inventory turnover ratio has exhibited fluctuations over the periods provided, ranging from a low of 10.14 to a high of 20.38.
- A higher inventory turnover ratio indicates that Ormat is selling its inventory at a faster rate, which is generally a positive sign of efficiency.
2. Receivables Turnover:
- No data is available for Ormat's receivables turnover ratio, making it difficult to assess how quickly the company is collecting on its receivables.
3. Payables Turnover:
- Similar to receivables turnover, there is no data available for Ormat's payables turnover ratio, which would have indicated how quickly the company pays its suppliers.
4. Working Capital Turnover:
- Ormat's working capital turnover has also shown variation over the periods provided, with values ranging from 1.33 to 13.79.
- A higher working capital turnover ratio indicates that Ormat is effectively using its working capital to generate sales, reflecting efficient management of its resources.
Overall, while the inventory turnover and working capital turnover ratios provide insights into Ormat's operational efficiency, the lack of data for receivables and payables turnover ratios limits a comprehensive analysis of the company's overall activity performance.
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 | 22.90 | 28.24 | 26.81 | 32.69 | 29.07 | 31.01 | 27.97 | 36.01 | 17.91 | 23.88 | 26.94 | 28.59 | 26.04 | 25.76 | 26.23 | 34.07 | 30.05 | 28.35 | 31.39 | 26.94 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Ormat Technologies Inc's Days of Inventory on Hand (DOH) has shown fluctuations over the periods, ranging from as low as 17.91 days to as high as 36.01 days, indicating varying efficiency in managing and converting inventory into sales.
The Days of Sales Outstanding (DSO) and Number of Days of Payables data are not available, which makes it challenging to assess the company's efficiency in collecting receivables and managing payables.
Overall, monitoring and managing these activity ratios are crucial for Ormat Technologies Inc to optimize its working capital and operational efficiency in the future. Tracking these ratios over time can provide insights into the company's inventory management, sales collection process, and payment practices.
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 | — | — | — | — | — | 0.21 | 1.07 | 0.81 | 0.22 | 0.90 | 0.22 | 0.22 | 0.22 | 0.22 | 0.24 | 0.26 | 1.47 | 1.55 | 0.30 | 1.79 |
| Total asset turnover | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.15 | 0.15 | 0.16 | 0.16 | 0.15 | 0.15 | 0.15 | 0.15 | 0.17 | 0.18 | 0.18 | 0.20 | 0.21 | 0.21 |
The fixed asset turnover ratio measures how efficiently a company is using its fixed assets to generate sales. Ormat Technologies Inc's fixed asset turnover ratio fluctuated significantly over the period analyzed, ranging from 0.22 to 1.79. This indicates varying levels of efficiency in utilizing its fixed assets to generate revenue.
On the other hand, the total asset turnover ratio represents the company's ability to generate revenue from its total assets. Ormat's total asset turnover ratio remained relatively low, hovering around the range of 0.15 to 0.21 throughout the period. This may suggest that the company might not be efficiently utilizing all of its assets to generate sales.
Overall, Ormat Technologies Inc's long-term activity ratios highlight fluctuations in the efficiency of utilizing both fixed and total assets to generate revenue. Further analysis and comparison with industry benchmarks could provide valuable insights into the company's operational performance and potential areas for improvement.