Schrodinger Inc (SDGR)
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 3.28 | 10.03 | 20.08 | 4.22 | 3.23 | 7.22 | 8.69 | 5.27 | 4.35 | 10.99 | 5.65 | 10.12 | 3.44 |
| Payables turnover | 4.52 | 7.51 | 6.31 | 6.54 | 8.44 | 7.47 | 15.31 | 7.89 | 8.95 | 8.09 | 9.79 | 6.93 | 5.31 |
| Working capital turnover | 0.50 | 0.45 | 0.40 | 0.41 | 0.43 | 0.39 | 0.35 | 0.31 | 0.26 | 0.23 | 0.21 | 0.19 | 0.18 |
The activity ratios of Schrodinger Inc provide insights into the efficiency of the company's operations in managing its inventory, receivables, and payables.
- Inventory turnover: Unfortunately, the data for inventory turnover is missing for all periods, making it difficult to assess how effectively the company is managing its inventory levels and converting them into sales.
- Receivables turnover: The company's receivables turnover has shown some fluctuations over the periods, ranging from 2.43 to 8.00 times. This ratio indicates that on average, Schrodinger Inc collects outstanding receivables between 2.43 to 8 times a year. A higher receivables turnover suggests better efficiency in collecting payments from customers.
- Payables turnover: Schrodinger Inc's payables turnover has also varied, with values ranging from 4.52 to 15.31 times. A higher payables turnover indicates that the company is paying its vendors more frequently during the period. This could have implications for cash flow management and supplier relationships.
- Working capital turnover: The working capital turnover ratio reflects how effectively the company is using its working capital to generate sales. Schrodinger Inc's working capital turnover has ranged from 0.31 to 0.50. A higher turnover ratio indicates that the company is efficiently utilizing its working capital to generate revenue.
Overall, while the receivables turnover and payables turnover ratios provide some insights into the efficiency of Schrodinger Inc's operations, the missing data for inventory turnover limits a comprehensive evaluation of the company's overall activity ratios.
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 111.17 | 36.40 | 18.18 | 86.48 | 112.86 | 50.55 | 41.99 | 69.28 | 84.00 | 33.20 | 64.57 | 36.07 | 106.10 |
| Number of days of payables | days | 80.78 | 48.57 | 57.87 | 55.85 | 43.24 | 48.83 | 23.85 | 46.28 | 40.78 | 45.13 | 37.29 | 52.67 | 68.69 |
Days of Inventory on Hand (DOH) for Schrodinger Inc are not provided in the data table. This ratio typically measures how many days it takes for the company to sell its inventory. Without this information, it is difficult to assess the efficiency of Schrodinger's inventory management.
Days of Sales Outstanding (DSO) have shown significant fluctuation over the provided periods. In Q4 2023, DSO increased substantially to 150.13 days, indicating that it took approximately 5 months for the company to collect its accounts receivable. This may raise concerns about the company's credit policies or the quality of its customers.
The Number of Days of Payables for Schrodinger Inc has also varied over the quarters. In Q4 2023, the company took around 80.78 days to pay its suppliers, which is a substantial increase from the previous quarter. This could suggest a potential liquidity issue or a shift in payment terms with suppliers.
Overall, the activity ratios for Schrodinger Inc show a need for further investigation and analysis to understand the potential reasons behind the fluctuations and to assess the impact on the company's overall operational efficiency and financial health.
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 5.22 | 8.86 | 9.52 | 11.95 | 12.70 | 12.38 | 14.16 | 13.89 | 13.76 | 13.75 | 17.29 | 23.76 | 21.03 |
| Total asset turnover | 0.27 | 0.25 | 0.23 | 0.23 | 0.26 | 0.26 | 0.24 | 0.21 | 0.18 | 0.16 | 0.17 | 0.15 | 0.14 |
The fixed asset turnover ratio measures how efficiently a company utilizes its fixed assets to generate sales. Schrodinger Inc's fixed asset turnover has been relatively stable over the past eight quarters, ranging from 8.86 to 12.70. This indicates that the company is effectively leveraging its fixed assets to generate sales, with higher ratios implying better asset utilization.
On the other hand, the total asset turnover ratio reflects the company's overall efficiency in using all assets to generate revenue. Schrodinger Inc's total asset turnover has fluctuated between 0.21 and 0.27 during the same period. A lower total asset turnover ratio suggests that the company may be less efficient in generating sales relative to its total assets.
Overall, Schrodinger Inc's fixed asset turnover indicates strong efficiency in utilizing fixed assets to drive sales, while the total asset turnover suggests some variability in the efficiency of utilizing all assets to generate revenue. Further analysis and comparison with industry peers would provide additional insights into the company's long-term activity performance.