Oshkosh Corporation (OSK)
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 | 3.88 | 3.73 | 3.82 | 3.69 | 3.75 | 3.89 | 4.00 | 3.90 | 3.88 | 4.18 | 4.40 | 4.56 | 4.92 | 5.14 | 4.90 | 4.10 | 3.77 | 3.81 | 3.52 | 4.03 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 6.97 | 6.62 | 6.69 | 7.04 | 6.94 | 6.71 | 4.55 | 4.40 | 3.94 | 4.27 | 4.59 | 4.34 | 4.03 | 3.41 | 3.32 | 3.29 | 3.31 | 3.52 | 3.98 | 4.67 |
The inventory turnover ratio for Oshkosh Corporation has shown some fluctuations over the past few years, ranging from a low of 3.52 in June 2020 to a high of 5.14 in September 2021. Overall, the trend indicates that the company has been effectively managing its inventory, with an average turnover rate of approximately 4.30. This suggests that Oshkosh is able to sell and replace its inventory about four times a year on average.
On the other hand, no data is provided for receivables turnover and payables turnover ratios, which limits the ability to assess the efficiency of the company in managing its receivables and payables.
The working capital turnover ratio for Oshkosh Corporation has generally been increasing over the years, indicating improved efficiency in utilizing its working capital. The ratio has risen significantly from 3.98 in June 2020 to 6.97 in December 2024. This implies that the company is generating more revenue per dollar of working capital invested, which is a positive sign of operational efficiency and effective utilization of resources.
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 | 94.10 | 97.78 | 95.51 | 98.97 | 97.35 | 93.91 | 91.27 | 93.54 | 93.96 | 87.33 | 82.91 | 79.98 | 74.19 | 70.99 | 74.53 | 88.93 | 96.83 | 95.79 | 103.75 | 90.65 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
The analysis of Oshkosh Corporation's activity ratios reveals fluctuations in its Days of Inventory on Hand (DOH) over the period under review. The company's DOH ranged from a high of 103.75 days in June 2020 to a low of 70.99 days in September 2021. Overall, Oshkosh Corporation has shown a downward trend in its DOH, indicating more efficient management of inventory levels over time.
However, specific information about Days of Sales Outstanding (DSO) and Number of Days of Payables was not provided in the dataset, limiting a comprehensive analysis of the company's overall working capital management and efficiency in collecting receivables and paying suppliers.
In conclusion, while the trend in DOH suggests improvements in inventory management efficiency for Oshkosh Corporation, a more detailed analysis incorporating DSO and payables turnover ratios would be necessary to provide a holistic view of the company's operational performance and its ability to manage its working capital effectively.
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 | — | — | — | — | — | 9.84 | 10.05 | 9.87 | 10.02 | 11.23 | 11.66 | 13.27 | 13.41 | 12.98 | 13.24 | 12.17 | 12.14 | 12.12 | 13.25 | 14.65 |
| Total asset turnover | 1.14 | 1.07 | 1.07 | 1.05 | 1.06 | 1.06 | 1.11 | 1.09 | 1.07 | 1.13 | 1.15 | 1.15 | 1.18 | 1.12 | 1.11 | 1.08 | 1.12 | 1.18 | 1.26 | 1.38 |
Oshkosh Corporation's long-term activity ratios provide insights into how effectively the company is utilizing its fixed assets and total assets to generate sales revenue.
1. Fixed Asset Turnover: This ratio measures how efficiently the company is using its fixed assets to generate sales. Oshkosh Corporation's fixed asset turnover ratio has been showing a decreasing trend over the years, from 14.65 in March 2020 to 9.84 in September 2023. A decrease in this ratio could indicate that the company is not efficiently utilizing its fixed assets to generate sales revenue.
2. Total Asset Turnover: This ratio indicates how well the company is using its total assets to generate sales. Oshkosh Corporation's total asset turnover ratio has fluctuated over the years, with a slight decrease from 1.38 in March 2020 to 1.05 in March 2024. A lower total asset turnover ratio could suggest that the company is not effectively utilizing its assets to generate revenue.
In conclusion, based on the analysis of Oshkosh Corporation's long-term activity ratios, the company may need to further evaluate its asset utilization efficiency and consider strategies to improve the productivity of its assets to drive sales growth and overall performance.