Proto Labs Inc (PRLB)
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 | 22.57 | 22.32 | 22.67 | 21.85 | 20.64 | 20.26 | 19.31 | 19.38 | 20.10 | 18.75 | 18.34 | 19.19 | 20.17 | 25.46 | 25.54 | 22.22 | 19.94 | 21.08 | 20.82 | 21.50 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 3.54 | 3.62 | 3.25 | 3.33 | 3.34 | 3.81 | 4.08 | 4.44 | 4.25 | 3.77 | 3.79 | 3.88 | 3.80 | 4.05 | 4.30 | 4.41 | 2.27 | 2.46 | 2.79 | 2.79 |
Proto Labs Inc's inventory turnover ratio has shown some fluctuation over the past few years, ranging from a high of 25.54 in June 2021 to a low of 18.34 in June 2022. This ratio measures how efficiently the company is managing its inventory levels and converting them into sales. A higher turnover ratio suggests that the company is selling its inventory quickly, which can be a positive indicator of operational efficiency.
On the other hand, the receivables turnover ratio, which indicates how quickly the company is collecting payment from its customers, has not been provided in the data. This might suggest that Proto Labs Inc does not have a significant accounts receivable component in its business model.
Similarly, the payables turnover ratio, which reflects how efficiently the company is paying its suppliers, is also not available in the data. Without this information, it is difficult to assess Proto Labs Inc's liquidity management from a supplier payment perspective.
In terms of working capital turnover, the company has shown a relatively stable trend over the years, with the ratio hovering around 4. This ratio indicates how effectively the company is utilizing its working capital to generate sales. A higher turnover ratio suggests that the company is efficiently using its working capital to drive revenue.
Overall, while Proto Labs Inc's inventory turnover and working capital turnover ratios provide some insight into its operational efficiency and capital utilization, the lack of data for receivables turnover and payables turnover limits a comprehensive analysis of the company'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 | 16.17 | 16.35 | 16.10 | 16.70 | 17.68 | 18.02 | 18.90 | 18.83 | 18.16 | 19.46 | 19.90 | 19.02 | 18.10 | 14.34 | 14.29 | 16.43 | 18.31 | 17.31 | 17.53 | 16.98 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Proto Labs Inc's Days of Inventory on Hand (DOH) has been relatively stable over the past few years, ranging from about 14 to 20 days. This indicates that the company is efficiently managing its inventory levels and turning over its inventory quickly.
Unfortunately, data on Days of Sales Outstanding (DSO) and Number of Days of Payables are not available, limiting a more comprehensive analysis of the company's activity ratios. In general, a low DSO indicates that the company is collecting its receivables quickly, while a high number of days of payables suggests that the company is taking longer to pay its suppliers, potentially benefiting from favorable credit terms.
Overall, a complete assessment of Proto Labs Inc's performance in managing its working capital and operational efficiency would require additional information on its DSO and payables turnover.
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 | — | — | — | — | — | 1.88 | 1.95 | 1.93 | 1.89 | 1.87 | 251.89 | 249.94 | 1.70 | 1.62 | 1.51 | 1.56 | 1.54 | 1.56 | 1.60 | 1.72 |
| Total asset turnover | 0.67 | 0.67 | 0.67 | 0.66 | 0.63 | 0.63 | 0.62 | 0.62 | 0.61 | 0.55 | 0.54 | 0.53 | 0.53 | 0.50 | 0.48 | 0.47 | 0.58 | 0.61 | 0.65 | 0.68 |
Proto Labs Inc's Fixed Asset Turnover ratio has shown some fluctuations over the years. It decreased from 1.72 in March 2020 to 1.54 in December 2020 but then started to gradually increase again, reaching 1.95 by June 30, 2023. There was a significant spike to 249.94 and 251.89 in March and June 2022, respectively, which may be an outlier or data error. After that, the ratio stabilized around 1.88 to 1.93 until June 30, 2023 but dropped to an unknown value by December 31, 2023, as the data is not available.
On the other hand, Proto Labs Inc's Total Asset Turnover ratio has been more stable, starting at 0.68 in March 2020 and fluctuating slightly between 0.47 and 0.63 until June 30, 2023. It increased to 0.67 by December 31, 2024.
Overall, the Fixed Asset Turnover ratio indicates how efficiently the company is utilizing its fixed assets to generate revenue, while the Total Asset Turnover ratio shows how effectively the company is using all its assets to generate sales. fluctuations in these ratios can provide insight into changes in the company's operational efficiency and asset utilization over time.