Trimble Inc (TRMB)
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 | 6.65 | 7.25 | 6.43 | 6.64 | 6.34 | 5.69 | 3.95 | 3.65 | 3.93 | 4.20 | 4.49 | 4.18 | 4.47 | 4.86 | 5.11 | 4.80 | 4.62 | 4.38 | 4.15 | 4.50 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 7.64 | 11.21 | — | 852.58 | 2,374.19 | 10.56 | 22.66 | 4.75 | 65.53 | — | 147.54 | 11.83 | 13.97 | 8.50 | 10.59 | 29.91 | — | — | — | — |
The analysis of Trimble Inc's activity ratios reveals a pattern of fluctuating efficiency in managing its inventory over the past few years. The inventory turnover ratio, which measures how quickly the company sells its inventory, has shown variability, ranging from a low of 3.65 to a high of 7.25. Generally, a higher inventory turnover ratio indicates that Trimble is efficiently managing its inventory levels by selling goods quickly.
In contrast, the lack of data for receivables turnover, payables turnover, and working capital turnover ratios limits our ability to assess Trimble's effectiveness in collecting receivables, managing payables, and utilizing its working capital efficiently. This lack of information suggests a need for additional data to fully evaluate the company's liquidity and operational performance.
Overall, while Trimble has demonstrated some fluctuations in its inventory turnover ratio, further insight into its receivables turnover, payables turnover, and working capital turnover would provide a more comprehensive understanding of the company's operational efficiency and financial health.
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 | 54.88 | 50.32 | 56.80 | 55.00 | 57.56 | 64.12 | 92.43 | 100.12 | 92.87 | 86.88 | 81.22 | 87.37 | 81.63 | 75.13 | 71.37 | 75.99 | 79.06 | 83.30 | 87.96 | 81.17 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data, Trimble Inc's Days of Inventory on Hand (DOH) has shown some fluctuations over the reporting periods. The DOH ranged from a high of 100.12 days on March 31, 2023, to a low of 50.32 days on September 30, 2024. A decreasing trend in DOH can indicate effective inventory management, while an increasing trend may point to potential issues such as overstocking.
Unfortunately, the data for Days of Sales Outstanding (DSO) and Number of Days of Payables is missing or not available for analysis. DSO helps in assessing the efficiency of the company in collecting receivables, while the Number of Days of Payables indicates how long a company takes to pay its suppliers.
Overall, Trimble Inc's DOH ratio should be monitored closely to ensure optimal inventory management and cost control, while additional data on DSO and payables would provide a more comprehensive picture of the company's working capital efficiency.
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 | — | — | — | — | — | — | 16.30 | 16.73 | 16.79 | 16.95 | 16.47 | 16.03 | 9.78 | 9.49 | 10.05 | 12.89 | 12.50 | 12.49 | 12.55 | 13.30 |
| Total asset turnover | 0.39 | 0.37 | 0.39 | 0.41 | 0.40 | 0.40 | 0.38 | 0.45 | 0.51 | 0.53 | 0.54 | 0.52 | 0.52 | 0.51 | 0.50 | 0.48 | 0.46 | 0.47 | 0.47 | 0.49 |
The Fixed Asset Turnover ratio for Trimble Inc has shown a declining trend from 13.30 in March 2020 to 9.78 in December 2021, indicating that the company's ability to generate sales from its fixed assets decreased over this period. However, there was a significant improvement in the Fixed Asset Turnover ratio starting from March 2022, reaching a peak of 16.95 by September 2022. This suggests that Trimble became more efficient in utilizing its fixed assets to generate revenue.
On the other hand, the Total Asset Turnover ratio fluctuated over the years, ranging from 0.38 in June 2023 to 0.54 in June 2022. The ratio generally increased from 2020 to 2022, which signifies that Trimble was generating more revenue relative to its total assets during this period. However, there was a decrease in the Total Asset Turnover ratio from 2022 to 2024, with a slight recovery by the end of 2024.
In summary, despite some fluctuations, Trimble Inc has demonstrated efficiency in utilizing its fixed assets to generate sales, as seen in the improvement of the Fixed Asset Turnover ratio in recent years. However, the company experienced some variability in its ability to generate revenue relative to its total assets, as indicated by the fluctuations in the Total Asset Turnover ratio.