ePlus inc (PLUS)

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 15.97 16.90 18.65 12.02 7.38 7.74 6.70 6.37 6.24 5.16 5.65 8.77 8.65 9.15 15.81 16.79 14.69 16.14 12.48 23.82
Receivables turnover 2.18 2.19 2.96 2.80 2.85 2.65 2.61 3.18 2.38 2.99 3.08 3.37 2.61 2.78 2.90 2.91 2.55 3.15 2.88 3.30
Payables turnover 5.05 5.63 6.14 5.32 5.46 5.81 4.66 7.04 5.09 7.37 8.41 9.99 7.86 10.15 8.21 7.11 7.51 11.35 8.53 14.44
Working capital turnover 3.02 3.17 3.45 3.99 3.68 4.00 4.59 3.87 4.06 4.10 4.13 4.16 4.38 4.68 4.97 4.93 5.35 5.43 5.44 6.04

ePlus inc's inventory turnover ratio has fluctuated over the past few years, starting at a high of 23.82 in March 2020, then declining to a low of 5.16 in September 2022 before gradually increasing to 15.97 by December 2024. This indicates that the company's efficiency in managing its inventory improved initially, but then declined significantly before showing signs of recovery.

In terms of receivables turnover, ePlus inc's ratio has also been volatile, ranging from a low of 2.18 in December 2024 to a high of 3.37 in March 2022. This indicates that the company's ability to collect outstanding receivables from customers has varied over the years, with some periods being more efficient than others.

The payables turnover ratio for ePlus inc has shown a similar pattern of fluctuation, ranging from a low of 4.66 in June 2023 to a high of 14.44 in March 2020. This suggests that the company's management of its accounts payable has been inconsistent, with some periods showing better efficiency in paying off its liabilities than others.

Lastly, the working capital turnover ratio for ePlus inc has also been erratic, varying from a low of 3.02 in December 2024 to a high of 6.04 in March 2020. This indicates that the company's ability to generate revenue relative to its working capital has fluctuated over the years, with some periods being more productive than others.

Overall, ePlus inc's activity ratios reflect a mixed performance in terms of efficiency in managing its inventory, receivables, payables, and working capital. The company has experienced periods of both strength and weakness in these areas, indicating the need for continuous monitoring and improvement in its operations.

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 22.85 21.59 19.57 30.35 49.43 47.13 54.47 57.28 58.53 70.70 64.65 41.61 42.18 39.91 23.08 21.74 24.84 22.61 29.24 15.33
Days of sales outstanding (DSO) days 167.57 166.76 123.43 130.41 127.87 137.76 140.04 114.64 153.30 121.99 118.53 108.35 139.81 131.18 125.96 125.42 143.36 115.85 126.70 110.70
Number of days of payables days 72.25 64.86 59.41 68.60 66.80 62.78 78.34 51.84 71.64 49.51 43.42 36.54 46.44 35.97 44.44 51.32 48.63 32.16 42.77 25.28

The analysis of ePlus inc activity ratios reveals trends in its operational efficiency over time.

1. Days of Inventory on Hand (DOH): The company's inventory management has shown fluctuations with the number of days of inventory on hand varying from a low of 15.33 days to a high of 70.70 days. The data indicates that inventory turnover has been inconsistent, which may suggest challenges in managing stock levels efficiently.

2. Days of Sales Outstanding (DSO): The DSO metric reflects the average number of days it takes for the company to collect revenue after making a sale. The DSO for ePlus inc ranged from 108.35 days to 166.76 days. A higher DSO indicates a longer time to collect payments, which can impact cash flow and liquidity.

3. Number of Days of Payables: This ratio represents the average number of days it takes for the company to pay its suppliers. ePlus inc's number of days of payables ranged from 25.28 days to 78.34 days. A higher number of days of payables may indicate that the company is taking longer to settle its obligations, potentially affecting supplier relationships.

Overall, the analysis of ePlus inc's activity ratios points to areas that may require attention to enhance operational efficiency, streamline inventory management, improve cash flow, and maintain healthy supplier relationships.

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 — — — — — — 30.84 77.93 36.61 34.50 40.59 122.95 37.26 37.70 39.48 97.10 36.47 86.41 77.12 78.56
Total asset turnover 0.99 1.03 1.33 1.33 1.36 1.41 1.30 1.46 1.27 1.38 1.48 1.56 1.37 1.45 1.51 1.46 1.41 1.52 1.48 1.75

The Fixed Asset Turnover ratio measures how efficiently a company is utilizing its fixed assets to generate sales. Looking at ePlus inc's Fixed Asset Turnover ratio over the past few years, we can see fluctuations in the efficiency of their fixed asset utilization. The ratio peaked at 122.95 on March 31, 2022, indicating a significant improvement in asset productivity. However, it dropped to 30.84 on June 30, 2023, showing a decline in efficiency. The data for September 30, 2023, and beyond is not available.

On the other hand, the Total Asset Turnover ratio reflects the company's ability to generate sales relative to its total assets. ePlus inc's Total Asset Turnover ratio has been somewhat volatile but generally within a certain range. It was highest at 1.75 on March 31, 2020, and lowest at 0.99 on December 31, 2024. The ratio fluctuated between 1.27 and 1.56 in subsequent years, demonstrating variations in sales generation relative to total assets.

In summary, ePlus inc's long-term activity ratios suggest fluctuations in both fixed asset utilization and overall asset efficiency over the years, indicating potential changes in the company's operational effectiveness and resource management. It is essential for investors and stakeholders to monitor these ratios to assess the company's operational performance and asset management strategies.