Perrigo Company PLC (PRGO)
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 | 2.62 | 2.48 | 2.54 | 2.61 | 2.61 | 2.63 | 2.61 | 2.56 | 2.60 | 2.73 | 2.72 | 2.76 | 2.67 | 2.56 | 2.58 | 2.67 | 2.71 | 2.97 | 3.15 | 3.43 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 3.04 | 1.95 | 3.01 | 3.64 | 3.73 | 2.65 | 2.70 | 2.76 | 2.77 | 2.81 | 2.65 | 1.42 | 1.82 | 1.95 | 1.85 | 1.56 | 2.89 | 2.47 | 2.61 | 3.55 |
Perrigo Company PLC's inventory turnover ratio has shown a declining trend over the past few years, indicating that the company is taking longer to sell its inventory. This could potentially signal inefficiencies in managing inventory levels or challenges in moving products to customers.
The absence of data for receivables turnover and payables turnover ratios suggests that these particular activity ratios are not publicly disclosed or are not relevant to Perrigo's financial reporting practices.
The working capital turnover ratio reflects how efficiently the company is utilizing its working capital to generate sales. Perrigo's working capital turnover ratio has fluctuated significantly over the years, indicating changes in the efficiency of converting working capital into revenue. The ratios vary from 1.42 to 3.73, with fluctuations suggesting possible changes in the company's operational efficiency and working capital management.
Overall, these activity ratios provide insights into Perrigo's operational efficiency in managing inventory and working capital, highlighting areas where the company may need to focus on optimizing its resources for improved financial 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 | 139.51 | 147.40 | 143.60 | 139.61 | 139.97 | 139.01 | 140.04 | 142.62 | 140.13 | 133.54 | 134.26 | 132.44 | 136.78 | 142.40 | 141.44 | 136.77 | 134.87 | 122.87 | 115.76 | 106.29 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Perrigo Company PLC's Days of Inventory on Hand (DOH) ratio has shown some fluctuation over the analyzed periods. The ratio increased from 106.29 days as of March 31, 2020, to a peak of 147.40 days as of September 30, 2024. However, it decreased to 139.51 days by December 31, 2024.
Unfortunately, there is no data provided for the Days of Sales Outstanding (DSO) and Number of Days of Payables ratios, making it challenging to conduct a comprehensive analysis of Perrigo Company PLC's activity ratios.
In conclusion, based on the available information, Perrigo Company PLC's inventory management appeared to be inconsistent, with fluctuations in its DOH ratio. Further data on DSO and payable days would be necessary to gain a more comprehensive understanding of the company's overall efficiency in managing its working capital.
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 | — | — | — | — | — | 4.15 | 5.04 | 4.96 | 3.82 | 5.24 | 5.17 | 4.97 | 4.01 | 4.27 | 4.47 | 5.50 | 5.08 | 5.55 | 5.69 | 5.63 |
| Total asset turnover | 0.45 | 0.39 | 0.43 | 0.43 | 0.43 | 0.43 | 0.42 | 0.42 | 0.40 | 0.41 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.42 | 0.44 | 0.44 | 0.42 | 0.44 |
Perrigo Company PLC's fixed asset turnover ratio saw fluctuations over the years, ranging from a high of 5.69 in June 2020 to a low of 3.82 in December 2022. The ratio measures how efficiently the company is utilizing its fixed assets to generate sales. While there was some improvement in the ratio in 2023 and early 2024, reaching around 5.04, the ratio declined to 4.15 in September 2023 and was not available for the last quarters of 2023 and 2024.
In comparison, the total asset turnover ratio, which indicates the company's ability to generate sales from its total assets, remained relatively stable, hovering around 0.40 to 0.43 from March 2020 to March 2024. An increase in this ratio could indicate either improved sales efficiency or a decrease in average total assets.
Overall, Perrigo Company PLC's fixed asset turnover ratio showed more variability compared to the total asset turnover ratio, suggesting fluctuations in the efficiency of utilizing fixed assets to generate revenue over the periods analyzed.