Standex International Corporation (SXI)

Activity ratios

Short-term

Turnover ratios

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 Sep 30, 2019
Inventory turnover 7.15 6.70 6.50 6.60 6.58 6.23 6.21 6.69 6.18 6.21 6.19 6.10 6.47 5.77 5.59 5.42 5.90 6.39 5.15 5.79
Receivables turnover 5.92 5.89 6.13 6.26 6.42 6.39 6.00 6.11 5.91 5.51 5.79 5.61 5.19 5.06 5.93 6.04 6.74 7.35 7.05 7.29
Payables turnover 9.82 10.91 10.04 10.45 9.45 9.64 9.90 9.94 8.73 8.58 8.41 7.68 7.95 7.87 9.13 9.93 9.13 10.05 8.01 8.55
Working capital turnover 2.38 2.45 2.60 2.78 2.33 2.41 2.75 2.82 3.20 2.68 2.66 2.74 2.76 2.76 3.03 3.34 3.43 3.50 4.12 4.44

Standex International Corporation's activity ratios provide insight into the efficiency of the company's operations in managing its resources.

1. Inventory turnover:
The inventory turnover ratio measures how many times a company sells and replaces its inventory during a specific period. Standex International Corporation's inventory turnover has been relatively stable, ranging from 5.15 to 7.15 over the past several quarters. This indicates that the company efficiently manages its inventory levels and effectively turns over its inventory to generate sales.

2. Receivables turnover:
The receivables turnover ratio reflects how efficiently a company collects on its credit sales. Standex International Corporation's receivables turnover has remained relatively consistent, fluctuating between 5.06 and 7.35. This suggests that the company effectively collects its outstanding receivables within a reasonable timeframe.

3. Payables turnover:
The payables turnover ratio measures how quickly a company pays its suppliers. Standex International Corporation's payables turnover has varied between 7.68 and 10.91, indicating changes in the company's payment practices. A higher payables turnover may suggest that the company is paying its creditors more quickly, while a lower turnover may indicate extended payment terms or delays in payment.

4. Working capital turnover:
The working capital turnover ratio illustrates how efficiently a company utilizes its working capital to generate sales revenue. Standex International Corporation's working capital turnover has shown fluctuation from 2.33 to 4.44. A higher turnover ratio indicates that the company efficiently leverages its working capital to support sales operations.

Overall, when assessing Standex International Corporation's activity ratios, it appears that the company has been managing its inventory, receivables, payables, and working capital effectively to drive operational efficiency and support its sales activities.

Average number of days

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 Sep 30, 2019
Days of inventory on hand (DOH) days 51.08 54.46 56.12 55.32 55.49 58.63 58.74 54.56 59.08 58.75 58.96 59.88 56.43 63.27 65.34 67.29 61.91 57.15 70.89 63.00
Days of sales outstanding (DSO) days 61.64 61.92 59.53 58.28 56.84 57.14 60.80 59.74 61.81 66.26 63.03 65.06 70.34 72.17 61.54 60.40 54.19 49.66 51.77 50.07
Number of days of payables days 37.16 33.45 36.37 34.94 38.63 37.87 36.86 36.71 41.79 42.56 43.41 47.55 45.92 46.39 39.99 36.77 39.98 36.31 45.56 42.69

The days of inventory on hand (DOH) for Standex International Corporation have ranged from 51.08 days to 70.89 days over the past five years. A decreasing trend can be noted from 2020 to 2024, indicating improved inventory management efficiency.

The days of sales outstanding (DSO) have fluctuated between 49.66 days and 72.17 days during the same period. The trend shows some volatility but overall seems to be relatively stable.

In terms of the number of days of payables, there has been some variability, with values ranging from 33.45 days to 47.55 days over the past five years. A lower number of days indicates a quicker payment cycle, which can be seen in some periods.

Overall, analyzing these activity ratios provides insight into Standex International Corporation's management of inventory, accounts receivable, and accounts payable. The trends over the years suggest efforts to streamline operations and potentially improve working capital efficiency.

Long-term

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 Sep 30, 2019
Fixed asset turnover 5.32 5.38 5.98 6.21 6.09 6.08 5.67 5.89 5.68 5.63 5.34 5.01 4.77 4.65 4.67 5.07 5.41 5.84 5.56 5.71
Total asset turnover 0.71 0.73 0.79 0.82 0.78 0.78 0.77 0.80 0.78 0.74 0.71 0.69 0.66 0.64 0.66 0.71 0.77 0.82 0.84 0.89

Standex International Corporation's long-term activity ratios show its efficiency in utilizing its fixed assets and total assets to generate revenue over time.

The fixed asset turnover ratio has been relatively stable fluctuating between 4.65 and 6.21. This indicates that the company is generating revenue efficiently from its investment in fixed assets such as property, plant, and equipment. A higher fixed asset turnover ratio suggests that Standex International Corporation is effectively using its fixed assets to generate sales.

In contrast, the total asset turnover ratio has ranged from 0.64 to 0.89 over the periods analyzed. This ratio signifies how well the company is generating revenue relative to its total assets. The fluctuations in this ratio indicate changes in the efficiency of utilizing both fixed and current assets to generate sales.

Overall, Standex International Corporation's long-term activity ratios reflect its ability to efficiently generate sales from both fixed and total assets. A consistent or improving trend in these ratios could indicate effective asset utilization and operational performance that contributes to the company's overall financial health.