Patrick Industries Inc (PATK)
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 | 5.31 | 5.30 | 5.65 | 5.35 | 5.30 | 5.48 | 5.52 | 5.57 | 5.75 | 5.46 | 5.37 | 5.20 | 5.33 | 6.15 | 6.65 | 6.48 | 6.48 | 6.57 | 6.66 | 6.92 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 7.92 | 6.84 | 7.49 | 7.02 | 8.14 | 7.65 | 7.38 | 7.14 | 9.00 | 7.56 | 6.70 | 6.74 | 7.53 | 8.17 | 7.69 | 9.41 | 8.27 | 8.12 | 6.68 | 7.41 |
Based on the provided data for Patrick Industries Inc's activity ratios:
1. Inventory Turnover:
- The inventory turnover ratio shows how many times a company's inventory is sold and replaced over a specific period.
- Patrick Industries Inc's inventory turnover has been relatively stable over the past few years, ranging between 5.20 and 6.92.
- A decreasing trend in inventory turnover may indicate potential overstocking or slowing sales.
2. Receivables Turnover:
- The receivables turnover ratio measures how efficiently a company collects its accounts receivable.
- The data shows that receivables turnover information is not available, which may limit the analysis of the company's accounts receivable management.
3. Payables Turnover:
- The payables turnover ratio evaluates how long it takes for a company to pay its suppliers.
- Similar to receivables turnover, the data for payables turnover is not provided, making it challenging to assess the company's payment practices.
4. Working Capital Turnover:
- The working capital turnover ratio reflects how efficiently a company is using its working capital to generate sales.
- Patrick Industries Inc's working capital turnover ratios have varied over the years, indicating fluctuations in the company's efficiency in utilizing working capital.
- Higher values of working capital turnover suggest better efficiency in using working capital to generate revenue.
In conclusion, while the inventory turnover and working capital turnover ratios provide insights into Patrick Industries Inc's inventory management and working capital efficiency, the unavailability of data for receivables turnover and payables turnover 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 | 68.79 | 68.89 | 64.61 | 68.27 | 68.82 | 66.66 | 66.14 | 65.54 | 63.47 | 66.80 | 67.97 | 70.16 | 68.43 | 59.36 | 54.88 | 56.34 | 56.31 | 55.59 | 54.83 | 52.76 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
The Days of Inventory on Hand (DOH) for Patrick Industries Inc has shown some fluctuation over the period analyzed, ranging from a low of 52.76 days to a high of 70.16 days. Generally, a lower DOH indicates efficient inventory management, while a higher DOH suggests potential issues such as overstocking or slow-moving inventory.
The Days of Sales Outstanding (DSO) and Number of Days of Payables data are not available for the period provided, which limits our ability to assess the company's efficiency in collecting receivables and managing payables.
In summary, the analysis of Patrick Industries Inc's activity ratios based on the Days of Inventory on Hand (DOH) reveals fluctuations in inventory management efficiency over the period studied. However, without information on DSO and payables turnover, a comprehensive assessment of the company's overall working capital management is limited.
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 | — | — | — | — | — | — | 10.69 | 12.56 | 13.93 | 10.00 | 9.95 | 9.16 | 8.54 | 8.19 | 7.64 | 10.72 | 9.89 | 11.47 | 11.52 | 12.26 |
| Total asset turnover | 1.23 | 1.17 | 1.20 | 1.15 | 1.30 | 1.37 | 1.44 | 1.58 | 1.75 | 1.75 | 1.66 | 1.54 | 1.54 | 1.57 | 1.50 | 1.50 | 1.42 | 1.44 | 1.43 | 1.52 |
Patrick Industries Inc's Fixed Asset Turnover has fluctuated over the past few years but generally has shown a decreasing trend, indicating that the company is generating fewer sales in relation to its fixed assets. The ratio ranged from a high of 13.93 in December 2022 to a low of 7.64 in June 2021, with the most recent data at 9.95 in June 2022. This implies that the efficiency of utilizing fixed assets to generate revenue has varied significantly.
On the other hand, the Total Asset Turnover ratio has also been volatile, reaching a peak of 1.75 in December 2022 and falling to 1.15 by March 2024. Overall, the Total Asset Turnover indicates the company's ability to generate sales from its total assets. A decreasing trend in this ratio may suggest inefficiency in utilizing the company's total assets to generate revenue efficiently.
In summary, both ratios show fluctuations in the company's efficiency in utilizing both fixed and total assets to generate sales. Further analysis and comparison with industry peers may provide additional insights into Patrick Industries Inc's long-term activity performance.