Teledyne Technologies Incorporated (TDY)
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 | 3.59 | 3.34 | 3.31 | 3.46 | 3.48 | 3.32 | 3.28 | 3.33 | 3.51 | 3.78 | 3.84 | 3.79 | 3.68 | 2.92 | 2.43 | 5.81 | 5.49 | 5.25 | 4.96 | 4.86 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 3.37 | 3.74 | 4.09 | 3.87 | 4.64 | 4.94 | 5.55 | 3.96 | 4.22 | 4.92 | 5.74 | 5.52 | 4.88 | 3.64 | 2.18 | 0.86 | 3.21 | 3.60 | 4.33 | 5.30 |
Teledyne Technologies Incorporated's inventory turnover ratio has shown a fluctuating trend over the observed periods, starting at 4.86 in March 2020 and reaching a peak of 5.81 in March 2021, before declining. The ratio indicates the number of times the company's inventory is sold and replaced within a specific period. Although there was an initial improvement in efficiency, the recent decrease in inventory turnover may suggest slower sales or potential inefficiencies in managing inventory levels.
The company's receivables turnover ratio, which reflects how many times receivables are collected and replaced during a period, is not available in the provided data. Without this information, it is challenging to assess the effectiveness of Teledyne Technologies in collecting accounts receivable promptly.
Similarly, the payables turnover ratio, which measures how quickly a company pays its suppliers, is not provided. This ratio would have been useful in understanding the company's payment practices and relationships with suppliers.
Teledyne Technologies' working capital turnover, which demonstrates the efficiency of using working capital to generate sales, has generally shown a positive trend over the periods, starting at 5.30 in March 2020 and fluctuating within a range thereafter. The increasing trend indicates that the company's management of working capital to support revenue generation has been improving.
In conclusion, while Teledyne Technologies has exhibited some positive trends in its activity ratios, such as working capital turnover, the company should continue to monitor and manage its inventory turnover effectively to sustain operational efficiency. The lack of data on receivables and payables turnovers limits a comprehensive analysis of the company's overall liquidity and operational 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 | 101.61 | 109.13 | 110.14 | 105.62 | 104.80 | 109.88 | 111.26 | 109.71 | 103.92 | 96.45 | 94.93 | 96.43 | 99.11 | 124.80 | 150.18 | 62.84 | 66.53 | 69.58 | 73.58 | 75.12 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Teledyne Technologies Incorporated's Days of Inventory on Hand (DOH) ratio has shown some fluctuations over the years. It decreased steadily from 75.12 days on March 31, 2020, reaching a low of 62.84 days by March 31, 2021. However, the ratio then increased significantly, reaching a peak of 150.18 days by June 30, 2021, and remained elevated before gradually declining to 101.61 days by December 31, 2024.
The Days of Sales Outstanding (DSO) and Number of Days of Payables ratios were not provided, indicating a lack of information for assessing the efficiency of Teledyne's accounts receivable and accounts payable management.
Overall, the trend in Teledyne's DOH ratio suggests fluctuations in inventory management efficiency over the years, with a notable increase followed by a gradual decline. However, without data on DSO and payables days, a comprehensive assessment of its overall activity ratios is limited.
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 | — | — | — | — | — | 7.46 | 7.30 | 7.21 | 7.09 | 7.24 | 6.93 | 6.35 | 5.58 | 4.72 | 3.99 | 5.14 | 6.31 | 6.54 | 6.66 | 6.74 |
| Total asset turnover | 0.40 | 0.38 | 0.39 | 0.38 | 0.39 | 0.40 | 0.39 | 0.38 | 0.38 | 0.39 | 0.38 | 0.36 | 0.32 | 0.28 | 0.25 | 0.41 | 0.61 | 0.64 | 0.67 | 0.70 |
Teledyne Technologies Incorporated's long-term activity ratios provide insights into how efficiently the company is utilizing its fixed assets and total assets to generate sales revenue.
The fixed asset turnover ratio measures how efficiently the company is using its fixed assets to generate sales. Teledyne's fixed asset turnover ratio has been relatively stable over the last few years, with a slight decreasing trend from 2020 to 2021, reaching its lowest point in March 2021 at 5.14, before gradually increasing to 7.46 by September 2023. This indicates that the company's fixed assets are being effectively utilized to generate sales revenue.
The total asset turnover ratio evaluates the company's ability to generate sales revenue in relation to its total assets. Teledyne's total asset turnover ratio has shown a declining trend from 2020 to 2021, hitting its lowest point in June 2021 at 0.25, and then gradually increasing to around 0.38 to 0.40 by the end of 2024. This suggests that Teledyne is becoming more efficient in generating sales revenue relative to its total assets over the long term.
Overall, the trend in both the fixed asset turnover and total asset turnover ratios indicates that Teledyne Technologies Incorporated has been effectively managing its assets to generate sales revenue, with a focus on improving efficiency and productivity over the long term.