Penumbra Inc (PEN)
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 | 1.09 | 1.11 | 1.15 | 0.97 | 0.97 | 0.96 | 0.96 | 0.95 | 0.93 | 0.96 | 1.01 | 1.06 | 1.03 | 1.03 | 1.00 | 0.94 | 1.01 | 1.03 | 0.98 | 1.08 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 1.51 | 1.58 | 1.43 | 1.40 | 1.39 | 1.38 | 1.37 | 1.38 | 1.39 | 1.42 | 1.41 | 1.40 | 1.34 | 1.29 | 1.23 | 1.13 | 1.10 | 1.12 | 1.06 | 1.52 |
The Inventory turnover ratio for Penumbra Inc shows a fluctuating trend over the years, ranging from a low of 0.93 in December 2022 to a high of 1.15 in June 2024. This ratio indicates how efficiently the company is managing its inventory levels and converting them into sales during the given periods.
The Receivables turnover and Payables turnover ratios are not available, which limits the ability to analyze how well the company is managing its receivables collection and payables payments.
On the other hand, the Working capital turnover ratio has been relatively stable, gradually increasing from 1.06 in June 2020 to 1.51 in December 2024. This ratio measures the efficiency of the company in utilizing its working capital to generate sales revenue.
Overall, the Inventory turnover ratio shows some variability in inventory management efficiency, while the Working capital turnover ratio indicates a positive trend in utilizing working capital to generate revenue. However, the lack of data for Receivables turnover and Payables turnover ratios hinders a more comprehensive analysis of Penumbra Inc's activity ratios.
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 | 333.92 | 328.23 | 317.31 | 377.13 | 376.79 | 378.41 | 378.36 | 385.47 | 390.84 | 379.95 | 360.53 | 344.33 | 353.33 | 354.15 | 363.29 | 387.99 | 360.55 | 355.28 | 371.69 | 336.49 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Penumbra Inc's Days of Inventory on Hand (DOH) increased from 336.49 days as of March 31, 2020, to a peak of 390.84 days as of December 31, 2022, before decreasing to 333.92 days by December 31, 2024. This indicates that the company held inventory for an average of approximately 333 to 391 days over the period, suggesting a relatively long holding period for inventory.
The Days of Sales Outstanding (DSO) and Number of Days of Payables data are not available, indicating that the company did not provide information on these activity ratios for the specified periods. As a result, we are unable to analyze the efficiency of Penumbra Inc in collecting receivables and paying its suppliers during the given timeframe.
In conclusion, Penumbra Inc's inventory turnover improved slightly towards the end of the period, but without information on DSO and payables turnover, a complete assessment of the company's overall activity and efficiency cannot be made.
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 | — | — | — | — | — | 3.53 | 14.22 | 13.56 | 2.91 | 12.95 | 2.93 | 12.97 | 3.29 | 12.55 | 3.72 | 11.77 | 11.63 | 8.30 | 3.69 | 3.94 |
| Total asset turnover | 0.78 | 0.79 | 0.74 | 0.69 | 0.68 | 0.68 | 0.65 | 0.63 | 0.62 | 0.63 | 0.61 | 0.60 | 0.60 | 0.73 | 0.74 | 0.70 | 0.68 | 0.66 | 0.68 | 0.84 |
The Fixed Asset Turnover ratio measures how efficiently Penumbra Inc is utilizing its fixed assets to generate sales. Looking at the trend over the years, we observe fluctuations in the ratio. In the most recent period, from March 31, 2023, to June 30, 2024, the ratio has been relatively stable, ranging from 2.91 to 14.22. It peaked at 14.22 on June 30, 2023, implying that Penumbra Inc generated $14.22 in sales for every dollar invested in fixed assets.
On the other hand, the Total Asset Turnover ratio provides insight into how effectively the company is using all its assets to generate revenue. The ratio has been relatively stable, increasing slightly from 0.84 on March 31, 2020, to 0.78 on December 31, 2024. This indicates that Penumbra Inc is generating approximately $0.78 in sales for every dollar of total assets held.
Overall, the fluctuations in these long-term activity ratios suggest varying degrees of efficiency in asset utilization by Penumbra Inc over the years. Monitoring these ratios can help stakeholders assess the company's operational efficiency and financial performance.