Rockwell Automation Inc (ROK)

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 5.61 5.66 5.55 5.24 5.40 4.92 5.15 5.17 6.15 6.39 6.69 7.01 7.29 7.57 7.70 8.04 8.97 7.94 8.66 8.71
Receivables turnover 4.54 4.64 4.56 4.72 4.25 3.91 4.11 4.29 4.39 4.31 4.60 4.85 4.87 4.68 4.27 4.45 5.01 5.33 5.14 5.13
Payables turnover 8.43 9.10 8.50 8.27 6.60 6.99 6.89 6.35 6.31 6.39 6.69 7.16 6.54 6.24 6.51 7.14 7.62 8.04 7.34 7.69
Working capital turnover 29.51 65.22 21.73 11.07 5.95 18.32 27.42 69.92 198.12 34.79 28.14 33.07 97.34 8.06 7.51 8.25 7.15 9.16 6.71 7.09

Based on the activity ratios of Rockwell Automation Inc over the specified period, several trends can be observed:

1. Inventory turnover: The company's inventory turnover ratio fluctuated over the period but generally remained around 5-8 times a year. This indicates that Rockwell Automation efficiently manages its inventory levels, with a slight decline in recent quarters.

2. Receivables turnover: The receivables turnover ratio shows a relatively stable performance, averaging around 4-5 times a year. This suggests that the company is efficient in collecting payments from customers and managing its accounts receivable effectively.

3. Payables turnover: The payables turnover ratio also displays consistency over time, ranging from 6-9 times a year. This indicates that Rockwell Automation manages its accounts payable efficiently by paying suppliers in a timely manner.

4. Working capital turnover: The working capital turnover ratio shows significant variability, indicating fluctuations in the company's operating efficiency. The ratio ranged from single digits to as high as 198 times in some quarters, with no clear trend observed.

Overall, Rockwell Automation Inc demonstrates strong inventory, receivables, and payables management based on the activity ratios analyzed. The working capital turnover ratio fluctuates significantly, suggesting variations in the company's operating efficiency and working capital management practices. Further analysis and contextual information would be needed to fully understand the implications of these trends for the company's operations and financial performance.

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 65.05 64.46 65.81 69.60 67.60 74.22 70.88 70.59 59.31 57.11 54.52 52.06 50.09 48.24 47.39 45.40 40.68 45.95 42.15 41.91
Days of sales outstanding (DSO) days 80.38 78.66 80.09 77.31 85.96 93.40 88.76 85.12 83.10 84.60 79.27 75.24 75.02 78.07 85.41 82.02 72.92 68.42 71.07 71.14
Number of days of payables days 43.28 40.12 42.93 44.15 55.34 52.19 52.95 57.47 57.84 57.11 54.57 51.01 55.84 58.47 56.09 51.10 47.91 45.42 49.76 47.47

Days of Inventory on Hand (DOH) for Rockwell Automation Inc have shown some fluctuations over the past quarters, ranging from a low of 40.68 days to a high of 74.22 days. The company seems to have improved its inventory management efficiency in recent quarters, as the number of days of inventory on hand has decreased steadily. This indicates that Rockwell Automation is effectively managing its inventory levels and turning over its inventory more quickly.

Days of Sales Outstanding (DSO) have also varied over the quarters, with a range of 68.42 days to 93.40 days. The trend shows an improvement in collecting outstanding sales over time, with a decreasing number of days of sales outstanding. This signifies that Rockwell Automation is efficient in collecting its accounts receivable and converting sales into cash, indicating strong customer credit policies and effective collection procedures.

The Number of Days of Payables has fluctuated as well, ranging from 40.12 days to 58.47 days. The trend in payables days suggests that the company is taking more time to pay its suppliers, possibly benefiting from favorable credit terms or managing its working capital effectively by taking advantage of payment terms. However, the variability in payables days indicates a need for close monitoring of payables management to ensure continued efficiency in working capital management.

Overall, analyzing these activity ratios, it appears that Rockwell Automation Inc is showing positive signs of efficiency in managing its inventory, collecting its receivables, and optimizing its payables. These trends are important indicators of the company's operational performance and financial health.

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 10.54 11.83 12.49 12.96 13.45 13.41 13.19 12.65 13.01 12.92 12.55 12.35 11.91 12.14 11.31 10.81 10.89 11.36 11.92 11.60
Total asset turnover 0.73 0.78 0.79 0.81 0.81 0.75 0.73 0.71 0.71 0.68 0.68 0.67 0.65 0.78 0.75 0.75 0.86 0.87 1.00 0.94

Rockwell Automation Inc's fixed asset turnover has been relatively stable over the past few periods, ranging from 10.54 to 13.45. This ratio indicates that the company generates between 10.54 and 13.45 times in sales for every dollar invested in fixed assets. A higher fixed asset turnover ratio is generally considered more favorable as it signifies that the company is efficiently utilizing its fixed assets to generate revenue.

In contrast, the total asset turnover has fluctuated within a wider range, from 0.65 to 1.00. This ratio measures how effectively the company is using its total assets to generate revenue. A higher total asset turnover ratio suggests that the company is efficiently utilizing its total assets to generate sales.

It is important to note that while the fixed asset turnover has been consistently higher than the total asset turnover, both ratios show that Rockwell Automation Inc is effectively utilizing its assets to generate revenue. However, the company may still have room for improvement in optimizing its asset utilization efficiency.