Tetra Tech Inc (TTEK)

Activity ratios

Short-term

Turnover ratios

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 Jun 30, 2019 Mar 31, 2019
Inventory turnover — — — — — — — — — — — — — — — — — — — —
Receivables turnover 4.64 4.58 4.14 — — 4.64 — — — 4.69 4.48 4.54 4.30 4.48 4.78 4.69 4.27 3.97 4.08 4.62
Payables turnover 5.05 10.19 9.33 7.43 5.11 0.27 0.28 0.28 0.24 0.27 0.30 0.31 0.29 0.34 6.76 12.19 14.89 13.06 14.52 18.84
Working capital turnover 16.49 30.48 20.17 13.00 9.72 14.47 17.48 15.02 12.50 14.74 10.40 11.14 10.54 14.50 13.77 12.00 9.43 10.03 6.40 7.87

Tetra Tech, Inc.'s activity ratios provide insights into the efficiency of the company's operations in managing its assets and liabilities.

1. Inventory Turnover: Unfortunately, the inventory turnover data is missing across all reported periods, so we are unable to evaluate Tetra Tech's efficiency in managing its inventory levels during these specific periods.

2. Receivables Turnover: Tetra Tech's receivables turnover has been relatively consistent over the reported periods, ranging from 3.88 to 5.07. This indicates that the company is effective in collecting payments from customers, with a higher turnover ratio suggesting faster collection of accounts receivable. The stable trend in this ratio is a positive sign of Tetra Tech's efficient credit and collection policies.

3. Payables Turnover: The payables turnover ratio for Tetra Tech is consistently reported as 0.00 across all periods. This may be due to data limitations or specific industry practices. However, without the actual values, it is challenging to assess the company's payment practices and relationships with suppliers based on this ratio.

4. Working Capital Turnover: Tetra Tech's working capital turnover varies significantly across the reported periods, ranging from 9.72 to 30.58. A higher turnover ratio implies that the company is utilizing its working capital efficiently to generate sales revenue. The fluctuating trend in this ratio suggests varying levels of efficiency in utilizing working capital over time.

In conclusion, based on the available data, Tetra Tech appears to effectively manage its receivables, but more detailed information is needed to evaluate its inventory and payables turnover effectively. Additionally, the fluctuation in the working capital turnover ratio indicates some variability in the company's ability to generate sales revenue relative to its working capital levels.

Average number of days

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 Jun 30, 2019 Mar 31, 2019
Days of inventory on hand (DOH) days — — — — — — — — — — — — — — — — — — — —
Days of sales outstanding (DSO) days 78.60 79.69 88.14 — — 78.66 — — — 77.81 81.53 80.39 84.97 81.54 76.30 77.84 85.43 91.92 89.36 79.07
Number of days of payables days 72.32 35.80 39.14 49.15 71.47 1,364.91 1,287.80 1,280.97 1,499.67 1,359.68 1,213.03 1,171.96 1,261.07 1,065.50 54.03 29.94 24.52 27.94 25.13 19.38

Based on the activity ratios for Tetra Tech, Inc., we can see the following trends:

1. Days of Inventory on Hand (DOH): Unfortunately, the data provided does not include information regarding the Days of Inventory on Hand. Without this figure, we are unable to assess how efficiently Tetra Tech, Inc. manages its inventory levels.

2. Days of Sales Outstanding (DSO): The Days of Sales Outstanding have exhibited some fluctuations over the eight quarters, ranging from a low of 72 days in Q2 2022 to a high of 93.96 days in Q2 2023. The general trend seems to be towards a slightly increasing number of days required to collect payment from customers, which may indicate potential issues with accounts receivable management or changing customer payment behavior.

3. Number of Days of Payables: Unfortunately, the data provided does not include information regarding the Number of Days of Payables. Without this figure, we are unable to evaluate how effectively Tetra Tech, Inc. is managing its accounts payables.

Overall, further analysis of the company's inventory management and payables turnover is needed to gain a more complete understanding of Tetra Tech, Inc.'s operational efficiency and working capital management.

Long-term

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 Jun 30, 2019 Mar 31, 2019
Fixed asset turnover 64.45 60.24 51.03 50.22 101.47 108.43 99.79 92.66 93.19 84.94 85.20 79.62 84.20 84.28 87.00 90.01 78.78 78.78 74.99 70.67
Total asset turnover 1.22 1.18 1.04 0.97 1.30 1.34 1.30 1.29 1.25 1.24 1.22 1.21 1.23 1.26 1.35 1.36 1.35 1.45 1.43 1.51

Long-term activity ratios provide insights into how efficiently a company is utilizing its assets to generate sales. In the case of Tetra Tech, Inc., the fixed asset turnover ratio has been fluctuating over the past eight quarters, with values ranging from 50.22 to 108.43. This ratio indicates that, on average, Tetra Tech generates $64.77 in revenue for every dollar invested in fixed assets.

In contrast, the total asset turnover ratio has also shown variability, ranging from 0.97 to 1.34 over the same period. This ratio demonstrates that Tetra Tech generates $1.23 in revenue for every dollar of assets it holds.

Overall, the data suggests that Tetra Tech has been relatively efficient in utilizing both fixed and total assets to generate sales. However, the fluctuations in these ratios may merit further investigation to understand the factors impacting the company's asset utilization efficiency.