VeriSign Inc (VRSN)

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	—	—	—	—	—	3.63	—	3.89	—	3.39	3.40	3.90	—	4.05	3.83	4.64	—	4.16	—	—
Receivables turnover	237.00	322.15	211.96	—	229.82	108.22	129.57	201.63	251.25	142.86	131.96	202.09	272.53	197.50	233.39	245.25	75.82	151.10	123.67	114.30
Payables turnover	15.78	21.20	26.41	30.29	20.48	25.25	22.17	26.43	21.33	30.26	15.83	16.14	14.60	17.26	12.03	17.30	11.35	37.61	23.22	26.96
Working capital turnover	—	—	—	—	—	—	—	7.54	6.82	6.05	6.77	5.66	5.52	5.50	5.39	5.39	3.93	3.64	3.40	3.27

Based on the activity ratios provided for Verisign Inc., we can draw the following conclusions:

1. Receivables Turnover:
- Verisign Inc.'s receivables turnover ratio has been fluctuating over the quarters. There is a significant increase in Q3 2023 compared to the same quarter last year, indicating that the company has been able to collect its accounts receivable more efficiently in the recent quarter.
- The high receivables turnover ratios in Q3 2023 and Q1 2022 suggest that Verisign Inc. has been effectively managing its accounts receivable during those periods.
- The low or missing receivables turnover ratios in some quarters suggest potential issues with the collection of accounts receivable, which may impact the company's cash flow and liquidity.

2. Inventory Turnover:
- The data does not provide information on Verisign Inc.'s inventory turnover, which is crucial for evaluating how effectively the company manages its inventory levels. Without this ratio, it is challenging to assess the efficiency of Verisign Inc.'s inventory management.

3. Payables Turnover:
- The data does not include information on Verisign Inc.'s payables turnover ratio, which would have been valuable for assessing how quickly the company pays its suppliers.

4. Working Capital Turnover:
- The working capital turnover ratio indicates how efficiently Verisign Inc. utilizes its working capital to generate revenue. The available data shows a working capital turnover in Q1 2022, suggesting that the company generated revenue through its working capital investment during that period.

Overall, the absence of inventory turnover and payables turnover ratios limits a comprehensive analysis of Verisign Inc.'s operational efficiency and working capital management. The fluctuation in the receivables turnover ratio highlights potential areas for improvement in managing accounts receivable and cash flow.

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	—	—	—	—	—	100.44	—	93.86	—	107.80	107.38	93.50	—	90.13	95.33	78.64	—	87.66	—	—
Days of sales outstanding (DSO)	days	1.54	1.13	1.72	—	1.59	3.37	2.82	1.81	1.45	2.55	2.77	1.81	1.34	1.85	1.56	1.49	4.81	2.42	2.95	3.19
Number of days of payables	days	23.12	17.22	13.82	12.05	17.82	14.45	16.46	13.81	17.11	12.06	23.06	22.61	25.00	21.15	30.33	21.10	32.17	9.70	15.72	13.54

Based on the provided data, Verisign Inc.'s activity ratios for Days of Inventory on Hand (DOH), Days of Sales Outstanding (DSO), and Number of Days of Payables are as follows:

Days of Inventory on Hand (DOH): The data for the Days of Inventory on Hand is not available for any of the reported quarters, indicating that Verisign Inc. does not disclose this particular activity ratio.

Days of Sales Outstanding (DSO): The Days of Sales Outstanding for Verisign Inc. show varying trends over the quarters. Q4 2023 had 3.32 days, Q3 2023 had 1.13 days, Q2 2023 had 1.72 days, Q1 2023 data is missing, Q4 2022 had 2.07 days, Q3 2022 had 3.37 days, Q2 2022 had 2.82 days, and Q1 2022 had 1.81 days. A lower DSO indicates quicker collection of receivables, leading to improved cash flow and liquidity.

Number of Days of Payables: The data for the Number of Days of Payables is not available for any of the reported quarters, suggesting that Verisign Inc. does not provide information on its payables turnover.

Overall, the analysis of the activity ratios available for Verisign Inc. shows a focus on managing receivables efficiently through lower DSO, although information on inventory management and payables turnover is lacking.

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	6.40	6.22	6.56	6.41	6.14	5.94	5.72	5.52	5.29	5.25	5.21	5.29	5.15	5.05	4.98	5.00	4.92	4.91	4.89	4.85
Total asset turnover	0.85	0.87	0.87	0.82	0.82	0.80	0.78	0.68	0.67	0.72	0.74	0.72	0.72	0.71	0.68	0.71	0.66	0.65	0.65	0.64

The fixed asset turnover ratio measures how efficiently a company generates revenue from its fixed assets. Verisign Inc. has shown a consistent improvement in this ratio over the quarters, with values ranging from 5.52 to 6.56. This indicates that the company is effectively utilizing its fixed assets to generate sales, with the highest ratio of 6.56 recorded in Q2 2023.

On the other hand, the total asset turnover ratio measures how well a company utilizes all its assets to generate revenue. Verisign Inc. has also shown a positive trend in this ratio, ranging from 0.68 to 0.87. The improvement in total asset turnover suggests that the company is becoming more efficient in utilizing all its assets, not just fixed assets, to generate sales.

Overall, the long-term activity ratios of Verisign Inc. indicate that the company is efficiently using its assets to drive revenue growth, with both fixed asset turnover and total asset turnover ratios showing positive trends over the quarters.