Standard Motor Products Inc (SMP)
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 | 1.63 | 1.94 | 1.91 | 1.81 | 1.85 | 1.95 | 1.89 | 1.83 | 1.80 | 1.78 | 1.71 | 1.73 | 1.88 | 2.03 | 2.01 | 1.94 | 2.17 | 2.33 | 2.02 | 2.01 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 3.02 | 3.20 | 2.89 | 2.74 | 3.09 | 3.54 | 3.12 | 2.85 | 3.12 | 3.01 | 3.15 | 5.57 | 5.53 | 5.47 | 5.33 | 3.79 | 3.81 | 3.72 | 4.17 | 4.69 |
Standard Motor Products Inc's inventory turnover ratio has been relatively stable over the past five years, averaging around 2. The ratio peaked at 2.33 in September 2020 but has since declined to 1.63 by December 2024, indicating a slowdown in inventory turnover efficiency.
The company's receivables turnover and payables turnover ratios were not provided, suggesting that this information is not publicly available or not applicable. Without this data, it is challenging to assess the efficiency of the company's collection of receivables or payment of payables.
In terms of working capital turnover, the ratio has fluctuated over the years, with a peak of 5.57 in March 2022 and a low of 2.74 in March 2024. A decreasing trend in the working capital turnover ratio may indicate inefficiencies in utilizing working capital to generate sales.
Overall, further analysis of receivables and payables turnover ratios would provide a more comprehensive understanding of Standard Motor Products Inc's overall efficiency in managing its working capital and operational activities.
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 | 224.40 | 188.31 | 191.46 | 201.76 | 197.78 | 187.05 | 192.89 | 199.46 | 202.34 | 204.53 | 212.83 | 211.18 | 194.41 | 179.79 | 181.20 | 187.78 | 168.29 | 156.71 | 180.76 | 181.66 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Standard Motor Products Inc's days of inventory on hand (DOH) has shown some fluctuations over the past few years. The company has maintained an average DOH of around 190 days, indicating that it takes approximately 6 months for the company to sell its inventory on average.
The data provided does not include information on the days of sales outstanding (DSO) or the number of days of payables for the company, making it difficult to assess the efficiency of its collection and payment cycles.
In terms of inventory management, a lower DOH is generally preferable as it indicates efficient inventory turnover and minimized holding costs. However, a very low DOH could also indicate stockouts and lost sales opportunities. Standard Motor Products Inc should continue to monitor its inventory levels and strive to find a balance that optimizes its operations and profitability.
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 | — | — | — | — | — | 6.49 | 12.74 | 12.85 | 12.80 | 9.07 | 9.41 | 13.06 | 9.07 | 8.88 | 9.15 | 12.99 | 12.67 | 12.31 | 11.94 | 12.51 |
| Total asset turnover | 0.81 | 1.04 | 1.02 | 1.01 | 1.05 | 1.06 | 1.05 | 1.04 | 1.09 | 1.04 | 1.03 | 1.03 | 1.08 | 1.06 | 1.08 | 1.18 | 1.18 | 1.14 | 1.11 | 1.18 |
Standard Motor Products Inc's fixed asset turnover ratio has fluctuated over the years, showing some inconsistency in utilizing its fixed assets to generate sales. The company experienced a peak in fixed asset turnover in March 2022 at 13.06 times, indicating that for every dollar invested in fixed assets, the company generated $13.06 in sales. However, this ratio significantly dropped in the following quarters, reaching a low of 6.49 times in September 2023, which suggests a decrease in efficiency in utilizing fixed assets to generate revenue.
On the other hand, the total asset turnover ratio, which measures the efficiency of the company in generating sales from all its assets, has shown a more stable trend. The ratio ranged from 1.01 to 1.18 during the period analyzed. This indicates that for every dollar invested in total assets, the company generated between $1.01 and $1.18 in sales. The slight decline in the total asset turnover ratio towards the end of the period may suggest a decrease in overall asset efficiency in generating sales.
Overall, Standard Motor Products Inc should focus on improving the efficiency of utilizing its fixed assets to generate sales consistently and work towards maintaining a stable total asset turnover ratio to ensure optimal utilization of all assets in generating revenue.