Revvity Inc. (RVTY)
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 | Jul 5, 2020 | Apr 5, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.79 | 3.62 | 3.68 | 3.61 | 3.47 | 5.15 | 4.37 | 3.70 | 3.26 | 3.70 | 2.30 | 2.21 | 3.27 | 2.38 | 3.19 | 3.14 | 3.25 | 3.19 | 3.10 | 3.79 |
| Receivables turnover | 4.36 | 4.64 | 4.61 | 4.66 | 4.34 | 4.22 | 4.45 | — | 5.40 | — | — | — | 3.74 | — | — | — | — | — | — | — |
| Payables turnover | 8.32 | 8.31 | 8.45 | 8.15 | 7.27 | 11.92 | 8.10 | 5.95 | 4.85 | 5.08 | 4.30 | 3.79 | 4.29 | 4.80 | 5.04 | 4.90 | 5.11 | 6.02 | 5.80 | 6.39 |
| Working capital turnover | 1.62 | 1.59 | 1.56 | 1.63 | 1.77 | 1.86 | 1.29 | 1.34 | 1.90 | 2.21 | 3.52 | 3.16 | 3.12 | 3.76 | 3.74 | 3.60 | 6.45 | 7.50 | 8.09 | 4.72 |
Revvity Inc.'s Inventory turnover ratio has fluctuated over the years, indicating the speed at which the company is selling its inventory. The trend shows some variations but remained relatively stable in the range of 2 to 5 times annually, with a peak of 5.15 during September 30, 2023. This suggests that the company managed its inventory efficiently during that period, turning it over 5.15 times in the year.
On the other hand, the Receivables turnover ratio was not available for most of the periods. However, from the data provided, it can be seen that the company started reporting this ratio from December 31, 2021, with a ratio of 3.74. The ratio increased over the subsequent periods, reaching 4.36 by December 31, 2024. This indicates that Revvity Inc. is collecting its accounts receivable more efficiently over time.
The Payables turnover ratio for Revvity Inc. shows a fluctuating trend, reflecting the speed at which the company pays its suppliers. The ratio ranged from 3.79 to 11.92, with the highest value reported on September 30, 2023. This indicates that the company had a longer payable turnover period during that period.
Lastly, the Working capital turnover ratio of Revvity Inc. measures how efficiently the company is utilizing its working capital to generate sales. The trend shows a decline over the years, indicating a decrease in the company's efficiency in utilizing its working capital to generate revenue. The ratio decreased from 4.72 on April 5, 2020, to 1.62 on December 31, 2024, showing a substantial decrease in working capital efficiency over time.
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 | Jul 5, 2020 | Apr 5, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 96.27 | 100.79 | 99.13 | 101.00 | 105.32 | 70.85 | 83.47 | 98.74 | 111.95 | 98.53 | 158.80 | 165.15 | 111.53 | 153.25 | 114.59 | 116.30 | 112.27 | 114.38 | 117.76 | 96.24 |
| Days of sales outstanding (DSO) | days | 83.77 | 78.70 | 79.18 | 78.31 | 84.08 | 86.44 | 82.07 | — | 67.54 | — | — | — | 97.62 | — | — | — | — | — | — | — |
| Number of days of payables | days | 43.86 | 43.95 | 43.18 | 44.77 | 50.22 | 30.62 | 45.04 | 61.37 | 75.33 | 71.85 | 84.89 | 96.31 | 85.06 | 76.08 | 72.47 | 74.47 | 71.42 | 60.66 | 62.89 | 57.09 |
Revvity Inc.'s days of inventory on hand (DOH) ratio has exhibited fluctuations over the years. The company experienced a peak DOH of 165.15 days on March 31, 2022 and a low of 70.85 days on September 30, 2023. This indicates that there were significant variations in how efficiently the company managed its inventory levels during this period.
On the other hand, the days of sales outstanding (DSO) ratio, which represents how long it takes for the company to collect outstanding invoices, showed a more stable trend. The DSO improved from 97.62 days on December 31, 2021, to around 78 days by the end of 2024. This suggests that Revvity Inc. was able to enhance its collection efficiency over the years, leading to quicker receipt of payments from customers.
In terms of the number of days of payables, Revvity Inc. started with 57.09 days on April 5, 2020, and gradually reduced its payment period to suppliers to 43.86 days by December 31, 2024. This indicates that the company was able to manage its payables more effectively and negotiate better payment terms with its suppliers over time.
Overall, the analysis of Revvity Inc.'s activity ratios highlights the company's varying performance in managing inventory levels, improving receivables collection, and optimizing payables efficiency throughout the years covered in the data.
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 | Jul 5, 2020 | Apr 5, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 5.71 | 5.39 | 5.47 | 5.45 | 5.39 | 5.56 | 5.68 | 6.11 | 6.86 | 7.82 | 7.02 | 6.88 | 7.88 | 7.73 | 11.23 | 11.20 | 10.27 | 9.61 | 9.22 | 9.20 |
| Total asset turnover | 0.22 | 0.22 | 0.21 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.23 | 0.26 | 0.26 | 0.25 | 0.26 | 0.28 | 0.49 | 0.47 | 0.48 | 0.47 | 0.45 | 0.45 |
Revvity Inc.'s fixed asset turnover ratio has been fluctuating over the years, starting at a high of 9.20 in April 2020, peaking at 11.23 in June 2021, before declining to 5.39 by December 2024. This ratio indicates the efficiency with which the company is generating sales from its fixed assets.
On the other hand, the total asset turnover ratio has also shown variability. It began at 0.45 in April 2020, increased to 0.49 in June 2021, then fluctuated downwards to 0.22 by December 2024. This metric reflects the company's ability to generate revenue compared to its total assets.
Both ratios provide insight into how effectively Revvity Inc. is utilizing its assets to generate revenue, with the fixed asset turnover ratio focusing on fixed assets specifically and the total asset turnover ratio considering all assets. The declining trend in these ratios towards the end of the period may indicate potential inefficiencies in asset utilization that the company should address for improved financial performance.