Sabre Corpo (SABR)
Activity ratios
Short-term
Turnover ratios
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 18.62 | 56.41 | 55.47 | 53.47 | 49.48 | — | — | — | 16.31 | 29.42 | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 6.12 | 5.75 | 5.32 | 5.52 | 5.70 | 5.17 | 4.69 | 4.85 | 4.66 | 3.68 | 3.18 | 2.45 | 3.66 | 6.34 | 8.69 | 9.72 | 6.65 | 6.69 | 6.45 | 6.36 |
| Payables turnover | 5.13 | 5.52 | 5.39 | 5.85 | 6.08 | 7.13 | 5.92 | 4.93 | 5.62 | 6.23 | 6.55 | 4.26 | 5.02 | 8.59 | 8.70 | 9.32 | 12.69 | 7.73 | 10.23 | 7.92 |
| Working capital turnover | 9.64 | 8.08 | 5.41 | 4.08 | 4.10 | 3.26 | 2.27 | 1.70 | 2.07 | 1.46 | 1.12 | 0.66 | 0.85 | 1.28 | 2.60 | 15.43 | 40.83 | 29.53 | 122.36 | 41.73 |
Based on the activity ratios of Sabre Corp provided in the table, we can see some interesting trends and patterns.
1. Receivables Turnover:
- The receivables turnover ratio has been relatively stable over the quarters, ranging from 5.52 to 7.79.
- This indicates that Sabre Corp is efficient in collecting its accounts receivable, with an average collection period of around 45 to 52 days.
2. Payables Turnover:
- The payables turnover ratio has varied from 4.93 to 7.13, reflecting fluctuations in the speed at which Sabre Corp pays its suppliers.
- On average, suppliers are being paid every 51 to 71 days, indicating a moderate payment period.
3. Working Capital Turnover:
- The working capital turnover ratio has shown an increasing trend over the quarters, indicating improved efficiency in utilizing working capital.
- This suggests that Sabre Corp is generating revenue more efficiently with the working capital available.
Overall, Sabre Corp's activity ratios demonstrate effective management of receivables, payables, and working capital, showcasing efficient operational performance and financial management practices. It is essential for the company to maintain these ratios at optimal levels to ensure continued operational efficiency and financial stability.
Average number of days
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 19.61 | 6.47 | 6.58 | 6.83 | 7.38 | — | — | — | 22.38 | 12.41 | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 59.68 | 63.52 | 68.55 | 66.11 | 64.04 | 70.57 | 77.75 | 75.31 | 78.26 | 99.30 | 114.82 | 149.18 | 99.69 | 57.53 | 42.02 | 37.53 | 54.90 | 54.55 | 56.59 | 57.42 |
| Number of days of payables | days | 71.11 | 66.16 | 67.75 | 62.40 | 59.99 | 51.16 | 61.65 | 74.08 | 64.89 | 58.56 | 55.70 | 85.63 | 72.64 | 42.48 | 41.93 | 39.16 | 28.76 | 47.21 | 35.67 | 46.08 |
Sabre Corp's activity ratios provide insights into how efficiently the company manages its inventory, collects receivables, and pays its creditors.
1. Days of Inventory on Hand (DOH): The company did not provide data on the days of inventory on hand for any of the quarters, which makes it challenging to assess how quickly Sabre is turning its inventory into sales. Without this information, it is unclear if Sabre is effectively managing its inventory levels.
2. Days of Sales Outstanding (DSO): Sabre's days of sales outstanding decreased from 54.75 days in Q4 2022 to 46.88 days in Q4 2023. This indicates that the company has been able to collect its accounts receivable more efficiently over time. A decreasing DSO suggests that Sabre has improved its credit policies or has been more successful in collecting payments from customers.
3. Number of Days of Payables: Sabre's number of days of payables increased from 59.99 days in Q4 2022 to 72.59 days in Q4 2023. This suggests that the company is taking longer to pay its suppliers, which can be beneficial for cash flow management. It is essential to monitor this metric closely to ensure that the company maintains good relationships with its suppliers.
Overall, Sabre Corp has shown improvements in managing its receivables and payables, although the lack of data on inventory turnover makes it difficult to provide a comprehensive analysis of the company's overall activity ratios. The company should focus on maintaining an optimal balance between inventory levels, receivables collection, and payable turnover to enhance its operational efficiency.
Long-term
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 10.06 | 9.95 | 10.31 | 10.23 | 9.75 | 0.97 | 0.88 | 0.77 | 0.66 | 0.53 | 0.46 | 0.30 | 0.46 | 3.66 | 4.69 | 5.90 | 6.13 | 5.95 | 5.57 | 5.21 |
| Total asset turnover | 0.50 | 0.49 | 0.49 | 0.47 | 0.45 | 0.43 | 0.37 | 0.32 | 0.27 | 0.22 | 0.19 | 0.12 | 0.18 | 0.28 | 0.41 | 0.61 | 0.69 | 0.68 | 0.68 | 0.67 |
Sabre Corp's long-term activity ratios, specifically the fixed asset turnover and total asset turnover, show the efficiency of the company in generating sales relative to its fixed and total assets.
The fixed asset turnover ratio has been consistently increasing over the past eight quarters, from 8.16 in Q1 2022 to 12.44 in Q4 2023. This indicates that Sabre Corp is effectively utilizing its fixed assets to generate revenue, with each dollar invested in fixed assets resulting in higher sales. The steady improvement in fixed asset turnover suggests that the company is increasing production or sales without significantly increasing its investment in fixed assets.
On the other hand, the total asset turnover ratio has also shown a positive trend, rising from 0.37 in Q1 2022 to 0.62 in Q4 2023. This indicates that Sabre Corp is efficiently utilizing all its assets, including both fixed and current assets, to generate sales. The increasing total asset turnover ratio reflects the company's ability to generate higher revenue relative to its total asset base.
Overall, the upward trends in both fixed asset turnover and total asset turnover ratios suggest that Sabre Corp is operating efficiently and effectively utilizing its assets to drive sales growth. This bodes well for the company's long-term financial performance and reflects positively on its operational efficiency and asset management.