Sally Beauty Holdings Inc (SBH)

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 3.32 3.35 3.27 3.37 3.49 3.53 3.45 3.56 3.75 3.39 3.61 3.48 3.97 3.66 3.40 3.58 4.01 4.01 3.62 3.46
Receivables turnover 110.51 110.58 104.17 112.80 109.31 112.46 121.53 113.28 109.15 119.09 133.51 129.49 115.86 84.36 87.72 84.74 96.77 80.62 87.00 92.28
Payables turnover 12.76 14.61 11.73 12.70 13.16 14.40 13.33 11.86 12.72 12.31 14.43 10.10 11.87 12.73 10.42 11.24 13.80 13.65 15.44 12.63
Working capital turnover 5.22 5.43 5.68 5.26 5.63 5.84 6.42 6.83 8.01 8.00 5.25 5.22 5.26 5.55 5.83 3.55 3.96 4.18 6.98 6.39

Sally Beauty Holdings Inc's inventory turnover ratio has fluctuated over the past five quarters ranging from 3.27 to 3.75, indicating that the company is effectively managing its inventory levels. A higher inventory turnover ratio generally indicates efficient inventory management.

The receivables turnover ratio has also varied, with a range of 80.62 to 133.51 over the same period. This ratio reflects how efficiently the company is collecting its accounts receivable. The high turnover values show that Sally Beauty is collecting its receivables quickly, which is a positive sign.

The payables turnover ratio has shown some variability, ranging from 10.10 to 15.44. This ratio measures how quickly the company is paying its suppliers. A higher turnover ratio indicates that Sally Beauty is managing its payables efficiently.

The working capital turnover ratio has fluctuated between 3.55 and 8.01 over the past five quarters. This ratio reflects the company's ability to generate revenue from its working capital. A higher turnover ratio suggests that Sally Beauty is effectively utilizing its working capital to generate sales.

Overall, based on the activity ratios analyzed, Sally Beauty Holdings Inc appears to be managing its inventory, accounts receivable, accounts payable, and working capital effectively, which is indicative of good operational efficiency and financial management.

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 110.07 108.87 111.69 108.28 104.47 103.53 105.72 102.56 97.45 107.71 101.20 104.95 91.84 99.75 107.25 101.89 91.13 90.91 100.85 105.35
Days of sales outstanding (DSO) days 3.30 3.30 3.50 3.24 3.34 3.25 3.00 3.22 3.34 3.06 2.73 2.82 3.15 4.33 4.16 4.31 3.77 4.53 4.20 3.96
Number of days of payables days 28.61 24.98 31.11 28.74 27.73 25.35 27.37 30.78 28.70 29.66 25.30 36.13 30.74 28.67 35.03 32.48 26.44 26.74 23.64 28.90

Days of inventory on hand (DOH) for Sally Beauty Holdings Inc have shown some fluctuations over the past few quarters, ranging from 91.13 days to 111.69 days. The trend indicates that the company has been carrying inventory for an average of around 100 days, with some seasonal variations. A higher number of days of inventory on hand may suggest inefficiencies in inventory management or slower inventory turnover.

Days of sales outstanding (DSO) have also varied, ranging from 2.73 days to 4.53 days. This ratio measures how quickly the company is collecting its receivables, with lower numbers indicating faster collections. Sally Beauty Holdings Inc has generally maintained a DSO of around 3 to 4 days, reflecting efficient credit management practices and prompt collection of sales.

Number of days of payables has fluctuated between 23.64 days and 36.13 days. A higher number of days of payables suggests that the company is taking longer to pay its suppliers, potentially benefiting from favorable credit terms. The trend in this ratio can indicate changes in cash flow management and relationships with suppliers.

Overall, Sally Beauty Holdings Inc's activity ratios indicate that the company has been managing its inventory, receivables, and payables efficiently but may need to focus on optimizing its inventory turnover to improve cash flow and working capital management.

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 13.77 13.53 13.23 12.74 12.27 13.15 13.10 12.82 12.50 12.93 13.27 13.04 12.30 13.31 11.92 11.12 10.93 11.10 11.63 12.02
Total asset turnover 1.33 1.33 1.32 1.33 1.34 1.38 1.39 1.39 1.44 1.40 1.39 1.34 1.33 1.36 1.18 1.13 1.19 1.08 1.27 1.42

The fixed asset turnover ratio for Sally Beauty Holdings Inc has been relatively stable over the past five quarters, ranging from 12.27 to 13.77. This indicates that the company generates between 12.27 to 13.77 times in net sales revenue for every dollar invested in fixed assets. A higher fixed asset turnover ratio suggests that the company is efficiently utilizing its fixed assets to generate sales.

In contrast, the total asset turnover ratio has shown more variability, fluctuating between 1.08 and 1.44 over the same period. This ratio measures how efficiently the company is using all of its assets to generate sales. A higher total asset turnover ratio indicates that the company is effectively utilizing its overall assets to generate sales.

Overall, both the fixed asset turnover and total asset turnover ratios suggest that Sally Beauty Holdings Inc is effectively using its assets to generate sales revenue. The stability in the fixed asset turnover ratio indicates consistent efficiency in the utilization of fixed assets, while the fluctuations in the total asset turnover ratio may reflect changes in asset composition and sales generation strategies.