PDF Solutions Inc (PDFS)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
| Working capital turnover | 1.23 | 1.13 | 1.10 | 0.77 | 0.58 |
Based on the provided data, let's analyze the activity ratios of PDF Solutions Inc:
1. Inventory Turnover: The inventory turnover ratio indicates how many times a company's inventory is sold and replaced during a period. However, the data shows that the inventory turnover ratio was not available for the years from 2020 to 2024, denoted as "—." Without this information, we cannot assess the efficiency of PDF Solutions Inc in managing its inventory.
2. Receivables Turnover: This ratio measures how efficiently a company collects its accounts receivable during a specific period. Similar to the inventory turnover ratio, the data indicates that the receivables turnover ratio was not available for the years from 2020 to 2024. Therefore, we cannot evaluate the company's effectiveness in collecting payments from customers.
3. Payables Turnover: The payables turnover ratio shows how effectively a company pays its suppliers. Unfortunately, the data suggests that the payables turnover ratio was not provided for the years 2020 to 2024. Consequently, we lack insight into PDF Solutions Inc's ability to manage its payables efficiently.
4. Working Capital Turnover: The working capital turnover ratio reveals how effectively a company utilizes its working capital to generate sales revenue. The data indicates a trend of improvement in this ratio over the years: 0.58 in 2020, 0.77 in 2021, 1.10 in 2022, 1.13 in 2023, and 1.23 in 2024. This suggests that PDF Solutions Inc has been increasingly efficient in generating sales relative to its working capital investment, indicating potential improvements in operational efficiency and revenue generation.
In conclusion, while we lack information on the inventory turnover, receivables turnover, and payables turnover ratios, the trend of increasing working capital turnover ratio implies potential positive developments in PDF Solutions Inc's operational efficiency and revenue generation capabilities over the analyzed period.
Average number of days
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
Based on the provided data for PDF Solutions Inc, the activity ratios can help assess the efficiency of the company in managing its inventory, sales, and payables.
1. Days of Inventory on Hand (DOH): The data does not provide specific figures for the days of inventory on hand for the years 2020 to 2024. This ratio helps measure how many days it takes for the company to sell its inventory. A lower DOH indicates efficient inventory management, while a higher DOH may suggest excess or slow-moving inventory.
2. Days of Sales Outstanding (DSO): Similar to DOH, the data does not offer specific values for DSO for the years 2020 to 2024. DSO measures the average number of days it takes for the company to collect its accounts receivable. A lower DSO indicates prompt collection of receivables, while a higher DSO may point to delayed payments from customers.
3. Number of Days of Payables: Unfortunately, the data does not provide exact numbers for the number of days of payables for the years 2020 to 2024. This ratio represents the average number of days the company takes to pay its suppliers. A higher number of days of payables may indicate that the company is effectively using trade credit to manage its cash flow.
In summary, without precise values for the activity ratios, it is challenging to perform a detailed analysis of PDF Solutions Inc's efficiency in managing its inventory, sales, and payables over the specified years. Further information or data would be needed to provide a more insightful assessment of the company's operational performance.
Long-term
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 3.70 | 2.73 | 2.24 |
| Total asset turnover | 0.57 | 0.57 | 0.53 | 0.41 | 0.31 |
PDF Solutions Inc's fixed asset turnover has been increasing steadily over the years, from 2.24 in 2020 to 3.70 in 2022. This indicates that the company is generating more sales from its fixed assets, showing improved efficiency in asset utilization.
In terms of total asset turnover, PDF Solutions Inc has also shown improvement, with the ratio increasing from 0.31 in 2020 to 0.57 in both 2023 and 2024. This suggests that the company is generating more revenue relative to its total assets, indicating efficient asset management and utilization.
Overall, the increasing trend in both fixed asset turnover and total asset turnover ratios reflects PDF Solutions Inc's ability to generate more sales from its assets, which is a positive sign of operational efficiency and effective management of its asset base.