Silicon Laboratories Inc (SLAB)

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 Jun 30, 2020 Mar 31, 2020
Inventory turnover 2.58 1.71 1.49 1.41 1.66 2.26 2.74 2.98 3.80 4.10 4.50 5.54 5.99 4.68 4.94 2.94 5.28 2.16 2.50 3.04
Receivables turnover 10.73 10.33 13.16 19.68 26.70 9.33 10.37 — 14.34 — — — 7.33 — — — — — — —
Payables turnover 6.41 5.36 6.30 6.28 5.59 7.88 7.23 5.55 4.25 4.44 3.50 4.77 6.24 4.77 3.65 3.38 4.60 3.10 4.35 4.91
Working capital turnover 1.16 1.02 1.08 1.20 1.36 1.57 1.69 1.35 0.80 0.69 0.60 0.42 0.46 0.27 0.60 0.78 0.88 0.87 0.99 1.08

The inventory turnover ratio for Silicon Laboratories Inc has fluctuated over the years, starting at 3.04 in March 2020 and reaching a peak of 5.99 in December 2021. However, the ratio declined to 2.58 by December 2024, indicating that the company took longer to sell its inventory towards the end of the period.

The receivables turnover ratio was not available for most periods but showed a significant improvement from 7.33 in December 2021 to 26.70 in December 2023. This suggests that the company was able to collect its accounts receivable more efficiently during these specific periods.

On the other hand, the payables turnover ratio showed some variability, starting at 4.91 in March 2020, dipping to 3.10 in September 2020, and then gradually increasing to 6.41 by December 2024. A higher payables turnover ratio indicates that the company paid its suppliers more frequently.

The working capital turnover ratio fluctuated over the years but generally improved from 1.08 in March 2020 to 1.16 in December 2024. This suggests that the company was able to generate more revenue relative to its working capital investment, reflecting operational efficiency.

In conclusion, Silicon Laboratories Inc demonstrated mixed performance in its activity ratios over the years, with fluctuations in inventory turnover and payables turnover, significant improvements in receivables turnover, and a relatively stable working capital turnover. These ratios provide insights into the company's operational efficiency and financial performance.

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 Jun 30, 2020 Mar 31, 2020
Days of inventory on hand (DOH) days 141.66 212.95 244.68 258.33 220.47 161.48 133.36 122.67 96.06 89.09 81.03 65.92 60.91 78.03 73.82 124.13 69.15 168.64 145.92 120.16
Days of sales outstanding (DSO) days 34.03 35.33 27.74 18.55 13.67 39.13 35.20 — 25.46 — — — 49.78 — — — — — — —
Number of days of payables days 56.92 68.16 57.89 58.10 65.24 46.34 50.50 65.77 85.96 82.27 104.39 76.45 58.46 76.53 100.02 108.08 79.39 117.83 83.87 74.30

Silicon Laboratories Inc's Days of Inventory on Hand (DOH) ratio shows fluctuations over the periods analyzed, ranging from a low of 60.91 days to a high of 258.33 days. The ratio measures how many days it takes for the company to turn its inventory into sales, indicating improved inventory management when the days decrease. The increasing trend seen towards the end of the period may suggest challenges in managing inventory levels efficiently.

The Days of Sales Outstanding (DSO) ratio provides insight into how efficiently the company collects payments from its customers. Silicon Laboratories Inc demonstrates a decreasing trend in DSO, with values ranging from 13.67 days to 49.78 days. A lower DSO indicates faster collections, which is generally positive for the company's cash flow and liquidity.

The Number of Days of Payables ratio for Silicon Laboratories Inc reflects the average number of days the company takes to pay its suppliers. This ratio also fluctuates across the periods analyzed, varying from a low of 46.34 days to a high of 117.83 days. A lower number of days of payables generally indicates more efficient management of payables, while a higher number may suggest potential liquidity or cash flow issues.

Overall, analyzing these activity ratios provides insights into Silicon Laboratories Inc's inventory management, accounts receivable collection efficiency, and vendor payment practices, which are crucial aspects of the company's operational performance and financial health.

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 Jun 30, 2020 Mar 31, 2020
Fixed asset turnover 4.42 3.73 3.89 4.52 5.36 6.32 6.69 6.82 6.74 6.43 5.96 5.39 4.92 4.59 4.35 3.91 4.48 4.88 5.51 6.34
Total asset turnover 0.48 0.40 0.43 0.48 0.54 0.65 0.67 0.48 0.47 0.42 0.37 0.28 0.24 0.18 0.32 0.29 0.30 0.35 0.40 0.44

Silicon Laboratories Inc's Fixed Asset Turnover ratio has fluctuated over the years, showing a general declining trend. The ratio decreased from 6.34 in March 2020 to 3.73 in September 2024. This indicates that the company's ability to generate sales from its fixed assets has reduced over the years.

In contrast, the Total Asset Turnover ratio initially declined, hitting a low of 0.18 in September 2021, but then started to increase steadily, reaching 0.48 by December 2024. This suggests that Silicon Laboratories Inc improved its efficiency in utilizing its total assets to generate revenue.

Overall, while the company's efficiency in utilizing fixed assets has decreased, its efficiency in generating sales from total assets has shown improvement over the same period.