Quanta Services Inc (PWR)
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 | 78.22 | 72.24 | 81.29 | 82.79 | 102.59 | 101.92 | 100.32 | 94.14 | 140.85 | 143.92 | 136.74 | 128.51 | 130.25 | 163.78 | 158.34 | 185.08 | 189.05 | 245.22 | 209.88 | 208.49 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 12.99 | 15.06 | 14.02 | 12.26 | 8.48 | 7.67 | 7.17 | 8.18 | 8.02 | 8.28 | 8.59 | 8.64 | 8.28 | 3.58 | 7.26 | 7.40 | 7.73 | 7.61 | 7.56 | 7.35 |
Based on the provided data for Quanta Services Inc, the activity ratios can be analyzed as follows:
1. Inventory Turnover: This ratio measures how efficiently a company is managing its inventory. Quanta Services Inc's inventory turnover has been fluctuating over the period, ranging from a high of 245.22 in September 2020 to a low of 72.24 in September 2024. Generally, a high inventory turnover ratio indicates that the company is selling its products quickly and efficiently.
2. Receivables Turnover: Unfortunately, there is no data available for the receivables turnover ratio. Typically, this ratio indicates how efficiently a company collects payment from its customers.
3. Payables Turnover: Similarly, data for the payables turnover ratio is not provided. This ratio helps assess how efficiently a company is managing its outstanding payments to suppliers and creditors.
4. Working Capital Turnover: This ratio reflects how effectively a company uses its working capital to generate sales revenue. Quanta Services Inc's working capital turnover ratio has shown some fluctuations, with a peak of 15.06 in September 2024 and a low of 3.58 in September 2021. A higher turnover ratio indicates that the company is efficiently utilizing its working capital to support its operations and generate revenue.
Overall, the analysis of activity ratios can provide insights into how efficiently Quanta Services Inc is managing its inventory, working capital, and potentially its receivables and payables, although data for the latter two ratios is not available. Monitoring these ratios over time can help assess the company's operational efficiency and effectiveness in managing its resources.
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 | 4.67 | 5.05 | 4.49 | 4.41 | 3.56 | 3.58 | 3.64 | 3.88 | 2.59 | 2.54 | 2.67 | 2.84 | 2.80 | 2.23 | 2.31 | 1.97 | 1.93 | 1.49 | 1.74 | 1.75 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data for Quanta Services Inc, let's analyze the activity ratios:
1. Days of Inventory on Hand (DOH):
- The trend in DOH shows an increasing pattern from 1.75 days as of March 31, 2020, to 4.67 days as of December 31, 2024.
- An increasing DOH may indicate that Quanta Services Inc is taking longer to sell its inventory, possibly resulting in higher carrying costs and potentially tying up more working capital.
2. Days of Sales Outstanding (DSO):
- The DSO data is not available for the periods provided, suggesting that information on how long it takes for Quanta Services Inc to collect its accounts receivable is not included in the dataset.
- Without DSO data, it is challenging to assess the efficiency of the company's accounts receivable management.
3. Number of Days of Payables:
- Similar to DSO, information on the number of days of payables for Quanta Services Inc is not available in the dataset.
- The absence of payables data makes it difficult to evaluate the company's payment practices and its ability to manage its outstanding obligations.
In conclusion, the analysis of Quanta Services Inc's activity ratios based on the provided data indicates an increasing trend in the Days of Inventory on Hand, while information on Days of Sales Outstanding and Number of Days of Payables is not available for assessment.
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 | — | — | — | — | — | 7.68 | 7.41 | 7.21 | 7.55 | 7.36 | 6.88 | 6.43 | 6.01 | 6.53 | 6.30 | 6.07 | 6.16 | 6.69 | 7.09 | 7.20 |
| Total asset turnover | 1.27 | 1.21 | 1.38 | 1.38 | 1.29 | 1.28 | 1.25 | 1.25 | 1.27 | 1.25 | 1.19 | 1.09 | 1.01 | 1.12 | 1.33 | 1.30 | 1.33 | 1.37 | 1.45 | 1.47 |
Quanta Services Inc's fixed asset turnover ratio has shown a relatively stable trend over the analysis period, starting at 7.20 in March 2020 and fluctuating between 6.16 and 7.55 until December 2022. There was a notable increase in the ratio from September 2022 to June 2023, reaching a peak of 7.41, before slightly declining to 7.21 in March 2024. This indicates that the company generates $7.21 in revenue for every dollar invested in fixed assets as of March 2024.
On the other hand, the total asset turnover ratio experienced more fluctuations compared to the fixed asset turnover ratio. Starting at 1.47 in March 2020, the ratio declined to 1.01 by December 2021, indicating a decrease in revenue generated per dollar of total assets. However, there was a gradual recovery in the ratio from March 2022 onwards, reaching 1.27 by December 2024.
Overall, the long-term activity ratios suggest that Quanta Services Inc has been effectively utilizing its fixed assets to generate revenue, with a consistent improvement in total asset turnover ratio from the low point in December 2021. This indicates improved efficiency in generating sales from its total asset base over the analyzed period.