PVH Corp (PVH)

Short-term

Turnover ratios

Inventory Turnover:
PVH Corp's inventory turnover ratio fluctuated during the period under review, ranging from a low of 2.04 to a high of 2.83. Generally, the company managed to turn its inventory into sales between 2 and 3 times per year, with efficiency improving towards the end of the observation period.

Receivables Turnover:
The receivables turnover data shows some missing values, which may be due to the absence of certain financial disclosures. However, the available data indicates that PVH Corp's receivables turnover ratio ranged from around 8.55 to 11.88, suggesting the company efficiently collected outstanding receivables during the evaluated periods.

Payables Turnover:
Similar to the receivables turnover, payables turnover data shows gaps, possibly due to unavailable information in financial statements. From the available figures, PVH Corp's payables turnover ranged between 2.72 and 3.87, indicating that the company effectively managed its accounts payable during the period analyzed.

Working Capital Turnover:
PVH Corp's working capital turnover varied significantly during the reviewed periods, with values ranging from around 8.98 to 31.02. The sharp fluctuations suggest changes in how efficiently the company utilized its working capital to generate sales revenue over time.

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Average number of days

Based on the provided data for PVH Corp, we can analyze the activity ratios as follows:

1. Days of Inventory on Hand (DOH):
- The company's inventory turnover has shown a fluctuating trend over the periods presented.
- On average, PVH Corp held inventory for about 150 days during the most recent periods.
- The DOH increased from February 2024 to August 2024 but decreased thereafter.

2. Days of Sales Outstanding (DSO):
- The data shows that the company has not reported DSO figures consistently during the periods.
- DSO figures were available for some periods, averaging around 35 days when reported.

3. Number of Days of Payables:
- PVH Corp has maintained a relatively stable number of days of payables over the periods shown.
- On average, the company took about 110 days to pay its suppliers during the available periods.

Overall, the analysis of PVH Corp's activity ratios indicates fluctuations in inventory holding periods, inconsistent reporting of days of sales outstanding, and stable payment terms with suppliers. Further analysis and trend monitoring would be beneficial to gain a deeper understanding of the company's operating efficiency and cash flow management.

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Long-term

PVH Corp's fixed asset turnover ratio fluctuated over the analysis period, ranging from a low of 4.01 to a high of 10.92. This ratio indicates the company's ability to generate sales revenue from its investment in fixed assets, such as property, plant, and equipment. A higher fixed asset turnover ratio is generally preferred as it suggests that the company is effectively utilizing its fixed assets to generate sales.

On the other hand, PVH Corp's total asset turnover ratio remained relatively stable throughout the period, hovering around 0.78 to 0.87. This ratio reflects how efficiently the company is using its total assets to generate sales. A higher total asset turnover ratio indicates better efficiency in utilizing assets to generate revenue.

In combination, the fixed asset turnover and total asset turnover ratios provide insights into how effectively PVH Corp is managing its long-term assets to drive sales and overall financial performance. Further analysis and comparison with industry benchmarks can help in assessing the company's operational efficiency and asset utilization strategies.