Oshkosh Corporation (OSK)
Activity ratios
Short-term
Turnover ratios
| 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 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.15 | 4.24 | 4.07 | 4.15 | 4.26 | 4.38 | 4.27 | 4.24 | 4.69 | 4.97 | 4.99 | 5.10 | 4.12 | 3.38 | 3.08 | 3.15 | 3.92 | 4.45 | 5.13 | 5.79 |
| Receivables turnover | 6.66 | 6.35 | 6.44 | 7.29 | 6.03 | 6.52 | 6.53 | 7.10 | 7.55 | 6.77 | 8.17 | 7.56 | 6.92 | 7.75 | 9.57 | 7.95 | 8.69 | 9.20 | 9.05 | 7.73 |
| Payables turnover | 9.13 | 8.99 | 8.49 | 7.28 | 7.89 | 7.79 | 7.46 | 7.01 | 7.68 | 7.78 | 7.77 | 8.37 | 6.97 | 7.12 | 8.71 | 8.19 | 11.51 | 10.16 | 11.99 | 9.09 |
| Working capital turnover | 6.56 | 6.63 | 6.99 | 6.90 | 6.68 | 4.53 | 4.38 | 3.92 | 4.39 | 4.81 | 4.36 | 3.19 | 3.31 | 3.27 | 3.28 | 3.49 | 3.96 | 4.65 | 4.79 | 5.02 |
The activity ratios of Oshkosh Corporation provide insights into the efficiency of the company's operations.
1. Inventory Turnover: This ratio measures how many times the company's inventory is sold and replaced during a specific period. Oshkosh Corporation's inventory turnover has been relatively stable, ranging from 4.07 to 5.13 over the past few quarters. A higher turnover ratio indicates better inventory management.
2. Receivables Turnover: This ratio reflects how efficiently the company is collecting on its credit sales. Oshkosh Corporation's receivables turnover has fluctuated between 6.03 and 9.57 during the analyzed periods, with higher ratios suggesting a quicker collection of receivables.
3. Payables Turnover: The payables turnover ratio indicates how quickly the company pays its suppliers. Oshkosh Corporation's payables turnover has varied from 6.97 to 11.99 over the same periods, with a higher ratio indicating a shorter time to settle payables.
4. Working Capital Turnover: This ratio shows how effectively the company utilizes its working capital to generate sales revenue. Oshkosh Corporation's working capital turnover has ranged from 3.19 to 6.99, with higher ratios indicating a more efficient use of working capital.
Overall, the analysis of these activity ratios suggests that Oshkosh Corporation has maintained stable operational efficiency in managing inventory, collecting receivables, paying suppliers, and utilizing working capital over the analyzed periods.
Average number of days
| 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 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 88.02 | 86.05 | 89.64 | 87.98 | 85.63 | 83.36 | 85.47 | 86.00 | 77.80 | 73.41 | 73.10 | 71.58 | 88.49 | 108.08 | 118.38 | 116.06 | 93.20 | 81.94 | 71.09 | 63.02 |
| Days of sales outstanding (DSO) | days | 54.79 | 57.50 | 56.68 | 50.05 | 60.51 | 55.98 | 55.90 | 51.42 | 48.34 | 53.89 | 44.70 | 48.27 | 52.73 | 47.11 | 38.13 | 45.94 | 42.01 | 39.68 | 40.33 | 47.20 |
| Number of days of payables | days | 39.98 | 40.62 | 43.00 | 50.13 | 46.29 | 46.83 | 48.94 | 52.04 | 47.54 | 46.89 | 47.00 | 43.63 | 52.40 | 51.23 | 41.92 | 44.54 | 31.72 | 35.93 | 30.44 | 40.13 |
Based on the provided data, we can analyze Oshkosh Corporation's activity ratios over the past few quarters.
1. Days of Inventory on Hand (DOH): This ratio indicates how many days, on average, it takes for the company to sell its inventory. Oshkosh Corporation's DOH has been relatively stable, ranging between 71.09 days and 118.38 days over the past few quarters. A decreasing trend in DOH would suggest that the company is managing its inventory efficiently.
2. Days of Sales Outstanding (DSO): DSO measures how long it takes for the company to collect its accounts receivable. Oshkosh Corporation's DSO has exhibited some fluctuations, ranging from 38.13 days to 60.51 days. A lower DSO indicates that the company is collecting payments from customers more quickly, which can improve cash flow.
3. Number of Days of Payables: This ratio represents the number of days it takes for the company to pay its accounts payable. Oshkosh Corporation's days of payables have varied, with values between 30.44 days and 52.40 days. A higher number of days of payables may suggest that the company is taking longer to pay its suppliers, potentially improving cash flow but also affecting relationships with vendors.
In summary, Oshkosh Corporation's activity ratios show some fluctuations but generally indicate efficient management of inventory, accounts receivable, and accounts payable. Monitoring these ratios over time can provide insights into the company's operational efficiency and working capital management.
Long-term
| 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 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 9.17 | 9.30 | 8.95 | 8.98 | 9.79 | 10.01 | 9.83 | 9.98 | 11.55 | 12.22 | 13.36 | 12.91 | 13.18 | 12.11 | 12.06 | 12.04 | 13.17 | 14.57 | 14.77 | 14.59 |
| Total asset turnover | 1.06 | 1.06 | 1.04 | 1.05 | 1.06 | 1.11 | 1.08 | 1.07 | 1.16 | 1.20 | 1.16 | 1.09 | 1.11 | 1.07 | 1.11 | 1.17 | 1.25 | 1.37 | 1.49 | 1.50 |
Oshkosh Corporation's fixed asset turnover ratio has shown fluctuations over the past two years, ranging from a low of 8.95 to a high of 14.77. This ratio measures how efficiently the company is utilizing its fixed assets to generate sales revenue. The decreasing trend in fixed asset turnover from 2019 to 2021 may indicate that the company is becoming less efficient in using its fixed assets to generate sales.
On the other hand, the total asset turnover ratio has also varied over the same period, with values ranging from 1.04 to 1.50. This ratio reflects the company's overall efficiency in utilizing all its assets to generate sales. Oshkosh Corporation's total asset turnover ratio remained relatively stable from 2019 to 2021 before showing an increasing trend in recent periods, suggesting improved efficiency in generating sales from its total asset base.
Overall, while the fixed asset turnover ratio indicates some inefficiency in utilizing fixed assets, the total asset turnover ratio shows an improving trend in utilizing overall assets to generate sales. It would be important for Oshkosh Corporation to analyze the reasons behind the fluctuations in these ratios and work towards optimizing asset utilization for sustained financial performance.