Post Holdings Inc (POST)

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 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019
Inventory turnover 7.45 7.02 6.93 6.49 6.47 6.29 7.92 7.59 7.98 8.05 7.61 6.03 7.85 4.54 4.79 5.61 5.44 6.45 7.04 6.61
Receivables turnover 13.59 14.66 13.65 12.60 13.64 11.73 10.91 11.28 10.75 10.21 11.20 9.67 11.63 9.45 9.75 12.59 12.90 13.66 10.58 12.68
Payables turnover 11.61 14.21 14.04 12.97 13.85 12.59 11.68 10.62 9.68 10.53 10.21 8.79 9.74 6.90 7.53 8.77 8.87 12.49 12.64 11.71
Working capital turnover 6.16 8.74 8.00 8.95 10.38 7.84 4.65 4.31 4.18 3.67 4.21 3.44 5.08 4.55 4.60 4.17 4.34 4.14 3.54 5.52

Post Holdings Inc's activity ratios indicate the efficiency of the company in managing its inventory, receivables, payables, and working capital. The inventory turnover has been relatively stable over the periods, ranging from 6.03 to 8.05 times per year, showing a consistent level of inventory management.

The receivables turnover ratio has fluctuated but generally indicates that the company is efficient in collecting outstanding payments from customers, with a range of 9.45 to 14.66 times per year.

The payables turnover ratio shows how quickly the company pays its suppliers, and it has been somewhat volatile, ranging from 6.90 to 14.21 times per year. This may suggest changes in the company's payment practices or relationships with suppliers.

The working capital turnover, which reflects how effectively the company generates revenue from its working capital, has varied over time, with values ranging from 3.44 to 10.38. A higher ratio indicates better utilization of working capital to generate sales.

Overall, Post Holdings Inc's activity ratios reflect a mixed performance in managing its inventory, receivables, payables, and working capital efficiently over the periods analyzed. Further analysis and comparison with industry benchmarks may provide more insights into the company's operational efficiency.

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 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019
Days of inventory on hand (DOH) days 49.00 52.03 52.65 56.26 56.43 58.03 46.11 48.08 45.72 45.36 47.94 60.57 46.48 80.43 76.28 65.05 67.08 56.60 51.81 55.20
Days of sales outstanding (DSO) days 26.85 24.90 26.74 28.98 26.75 31.12 33.44 32.36 33.95 35.75 32.59 37.75 31.38 38.63 37.45 28.99 28.28 26.72 34.49 28.80
Number of days of payables days 31.43 25.69 26.00 28.14 26.35 28.98 31.25 34.35 37.69 34.65 35.76 41.51 37.47 52.92 48.47 41.63 41.17 29.21 28.87 31.17

Post Holdings Inc's activity ratios show fluctuating trends over the periods mentioned. Days of inventory on hand (DOH) decreased from 56.60 days in Dec 2019 to 49.00 days in Sep 2024. This indicates that the company has improved its inventory management efficiency.

Days of sales outstanding (DSO) also showed a decreasing trend from 34.49 days in Dec 2019 to 26.85 days in Sep 2024. This suggests that the company is collecting its accounts receivable faster, which is a positive sign for its cash flow.

On the other hand, the number of days of payables increased from 29.21 days in Dec 2019 to 31.43 days in Sep 2024. This indicates that the company is taking longer to pay its bills, which could be a strategy to manage working capital.

Overall, the improving efficiency in managing inventory and collecting receivables could be positive for the company's liquidity and cash flow management. However, the increase in the number of days of payables should be monitored to ensure it does not lead to supplier issues or cash flow challenges.

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 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019
Fixed asset turnover 3.43 3.59 3.62 3.48 3.46 3.32 3.52 3.46 3.34 3.26 3.08 2.91 2.88 2.88 3.04 3.21 3.20 3.33 3.37 3.25
Total asset turnover 0.62 0.65 0.64 0.61 0.60 0.56 0.56 0.54 0.52 0.49 0.45 0.41 0.42 0.42 0.45 0.47 0.47 0.48 0.48 0.48

Analysis of Post Holdings Inc's long-term activity ratios over the past five years shows the following trends:

1. Fixed asset turnover: The company's fixed asset turnover ratio has shown a positive trend over the period, increasing from 2.88 in December 2019 to 3.62 in March 2024. This indicates that Post Holdings Inc has been able to generate more revenue from its fixed assets efficiently. The most recent data, September 2024, shows a slight decline from the peak in March 2024, but the ratio remains relatively high.

2. Total asset turnover: Post Holdings Inc's total asset turnover ratio has also shown an increasing trend, from 0.42 in December 2020 to 0.65 in June 2024. This indicates that the company has been able to generate more revenue relative to its total assets over time. The ratio has shown consistent improvement, reflecting the company's ability to efficiently utilize its assets to generate sales.

Overall, both the fixed asset turnover and total asset turnover ratios demonstrate that Post Holdings Inc has been effectively utilizing its assets to drive revenue growth and improve operational efficiency over the past five years. This efficiency in asset utilization is a positive sign for the company's long-term financial performance.