Silgan Holdings Inc (SLGN)
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 | 5.22 | 6.14 | 4.83 | 5.13 | 5.31 | 5.55 | 4.19 | 5.06 | 6.97 | 6.31 | 4.07 | 4.86 | 5.96 | 5.98 | 4.83 | 5.36 | 5.98 | 5.78 | 4.63 | 5.39 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 5.90 | 27.06 | 40.96 | 67.75 | 161.32 | 3.71 | 3.85 | 4.08 | 8.27 | 5.15 | 4.63 | 5.33 | 7.03 | 5.09 | 5.42 | 5.97 | 7.74 | 5.49 | 5.35 | 3.77 |
Silgan Holdings Inc's inventory turnover ratio has shown some fluctuations over the past few years, ranging from a low of 4.07 to a high of 6.97. This ratio indicates how efficiently the company is managing its inventory levels and converting them into sales. Generally, a higher inventory turnover ratio is preferred as it suggests that the company is selling its inventory quickly.
The receivables turnover ratio was not provided in the data, which means we cannot analyze the efficiency of Silgan Holdings Inc in collecting its accounts receivables.
The payables turnover ratio was also not provided, so we lack insight into how long it takes for the company to pay its suppliers.
The working capital turnover ratio has shown significant variability, reaching exceptionally high levels at certain points. This ratio illustrates how effectively the company is using its working capital to generate revenue. The sharp increase in the ratio to 161.32 and 67.75 in March and June 2023, respectively, followed by a decline, suggests possible anomalies or errors in the financial data during that period. Subsequent periods show a more normalized performance in terms of working capital turnover.
In conclusion, while the inventory turnover ratio indicates reasonable efficiency in managing inventory, the lack of data on receivables and payables turnover limits a comprehensive assessment of Silgan Holdings Inc's overall activity ratios. The unusual spikes in the working capital turnover ratio in 2023 raise potential red flags that warrant further investigation for accuracy and consistency in financial reporting.
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 | 69.95 | 59.44 | 75.56 | 71.17 | 68.74 | 65.81 | 87.14 | 72.18 | 52.36 | 57.89 | 89.62 | 75.11 | 61.27 | 61.01 | 75.53 | 68.11 | 60.99 | 63.16 | 78.83 | 67.73 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Silgan Holdings Inc's Days of Inventory on Hand (DOH) ratio has fluctuated over the years, ranging from a low of 52.36 days at December 31, 2022, to a high of 89.62 days at June 30, 2022. This ratio measures how efficiently the company manages its inventory levels, with a lower number indicating better inventory management.
Unfortunately, data for Days of Sales Outstanding (DSO) and Number of Days of Payables is not available, making it difficult to assess the efficiency of Silgan Holdings' accounts receivable and accounts payable management.
Overall, based on the available DOH ratio data, it appears that the company has experienced some variability in managing its inventory levels efficiently. Further analysis incorporating DSO and payables turnover ratios would provide a more comprehensive view of Silgan Holdings Inc's activity performance.
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 | — | — | — | — | — | 3.19 | 3.24 | 3.31 | 3.00 | 3.39 | 3.14 | 2.97 | 2.85 | 2.78 | 2.89 | 2.83 | 2.67 | 2.66 | 2.65 | 2.89 |
| Total asset turnover | 0.68 | 0.75 | 0.76 | 0.78 | 0.79 | 0.78 | 0.79 | 0.81 | 0.87 | 0.85 | 0.77 | 0.76 | 0.73 | 0.72 | 0.79 | 0.80 | 0.75 | 0.74 | 0.72 | 0.81 |
The Fixed Asset Turnover ratio for Silgan Holdings Inc has been steadily increasing over the last few years, indicating that the company is generating more revenue relative to its investment in fixed assets. This suggests that Silgan is using its fixed assets efficiently to generate sales.
On the other hand, the Total Asset Turnover ratio has been somewhat fluctuating but remains within a relatively stable range. This ratio measures how efficiently the company is using all its assets to generate revenue. Despite some fluctuations, the ratio indicates that Silgan is effectively utilizing its total assets to generate sales.
Overall, the trend in both ratios suggests that Silgan Holdings Inc has been managing its long-term assets efficiently, converting them into revenue effectively. This efficiency is crucial for the company's financial performance and sustainability in the long run.