Vericel Corp Ord (VCEL)
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 | 3.75 | 4.11 | 4.26 | 4.67 | 4.73 | 4.75 | 4.20 | 3.67 | 3.41 | 3.21 | 3.31 | 3.56 | 3.75 | 3.69 | 3.52 | 4.03 | 4.27 | 3.86 | 4.57 | 5.34 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 1.46 | 1.52 | 1.40 | 1.36 | 1.24 | 1.23 | 1.21 | 1.14 | 1.10 | 1.14 | 1.19 | 1.21 | 1.18 | 1.22 | 1.32 | 1.27 | 1.23 | 1.14 | 1.19 | 1.25 |
Inventory Turnover Ratio:
Vericel Corp Ord's inventory turnover ratio has been gradually decreasing over the years, indicating that the company is holding onto its inventory for a longer period before selling it. This may suggest possible inefficiencies in inventory management or challenges in selling inventory at a satisfactory pace.
Receivables Turnover Ratio:
The receivables turnover ratio for Vericel Corp Ord is not provided in the data, which makes it challenging to evaluate the company's efficiency in collecting receivables from customers. A higher ratio would indicate better efficiency in collecting payments from customers.
Payables Turnover Ratio:
Similar to the receivables turnover ratio, the payables turnover ratio is not available in the data provided. This ratio would have indicated how quickly the company pays its suppliers, providing insights into its liquidity position and relationships with suppliers.
Working Capital Turnover Ratio:
Vericel Corp Ord's working capital turnover ratio has shown fluctuations over the years, with some periods indicating higher efficiency in generating revenue from working capital compared to others. A higher ratio suggests the company is effectively utilizing its working capital to generate sales revenue. The decreasing trend towards the end of the period may raise concerns about the company's ability to efficiently convert working capital into sales.
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 | 97.38 | 88.85 | 85.64 | 78.09 | 77.12 | 76.91 | 87.01 | 99.38 | 106.91 | 113.73 | 110.15 | 102.55 | 97.37 | 98.93 | 103.82 | 90.54 | 85.48 | 94.45 | 79.82 | 68.41 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Vericel Corp Ord's Days of Inventory on Hand (DOH) ratio reflects the average number of days it takes for the company to sell its inventory. Over the last few years, the DOH ratio has shown some fluctuations, ranging from a low of 68.41 days in March 2020 to a high of 113.73 days in September 2022. However, it has generally been trending downwards since then, reaching 88.85 days in September 2024.
Unfortunately, data for Days of Sales Outstanding (DSO) and Number of Days of Payables were not available, making it challenging to analyze the company's ability to collect receivables and manage payables effectively.
Overall, based on the available inventory data, Vericel Corp Ord has shown some variability in managing its inventory levels efficiently, but the recent downward trend in the DOH ratio suggests potential improvement in inventory management practices. Further analysis of the DSO and Payables ratios would provide a more comprehensive view of the company's overall activity and working capital management.
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 | — | — | — | — | — | — | — | — | 2.86 | 2.72 | 2.61 | 2.67 | 2.65 | 2.63 | 2.60 | 2.28 | 2.15 | 3.71 | 3.78 | 3.84 |
| Total asset turnover | 0.55 | 0.58 | 0.57 | 0.58 | 0.56 | 0.58 | 0.57 | 0.64 | 0.60 | 0.64 | 0.63 | 0.66 | 0.64 | 0.69 | 0.68 | 0.62 | 0.60 | 0.75 | 0.79 | 0.80 |
Vericel Corp Ord's Fixed Asset Turnover ratio has been gradually decreasing from 3.84 in March 2020 to 2.86 in December 2022. This indicates a decline in the efficiency of utilizing fixed assets to generate sales. However, in 2023 and 2024, data is not available for Fixed Asset Turnover.
On the other hand, the Total Asset Turnover ratio has shown fluctuations over the years, ranging from 0.60 to 0.69. This ratio measures how efficiently the company is utilizing all its assets to generate revenue. The ratio seems to have been relatively stable, with a slight decrease towards the end of the period.
Overall, a declining trend in Fixed Asset Turnover and relatively stable but fluctuating Total Asset Turnover may suggest potential issues with asset utilization efficiency that could impact the company's long-term performance and profitability. Further analysis and comparison with industry benchmarks would provide more insights into Vericel Corp Ord's operational efficiency.