Vistra Energy Corp (VST)

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 1.93 2.11 2.08 2.19 2.33 2.15 2.02 2.24 1.95 2.47 2.95 2.96 2.85 2.86 2.14 2.21 2.10 2.05 1.74 2.40
Receivables turnover 6.44 5.61 6.88 7.66 5.10 5.40 4.51 7.06 6.57 5.65 6.45 6.60 6.55 6.43 6.51 7.89 6.35 6.10 7.83 8.83
Payables turnover 1.25 1.28 1.31 1.37 0.85 0.91 0.82 0.95 0.78 0.99 1.33 1.22 1.67 1.62 1.32 1.41 1.04 0.96 1.06 1.32
Working capital turnover 8.15 7.98 12.94 11.13 17.62 10.68 16.85 11.45 5.92 — — — 29.12 31.49 — — — 54.04 13.11 131.42

Vistra Corp's activity ratios provide insight into the efficiency of its operations in managing inventory, receivables, payables, and working capital.

1. Inventory Turnover:
Over the past eight quarters, Vistra Corp's inventory turnover has shown a general increasing trend, indicating that the company is selling its inventory more frequently. This suggests effective inventory management and potentially lower carrying costs.

2. Receivables Turnover:
Vistra Corp's receivables turnover fluctuates from quarter to quarter but generally demonstrates that the company collects its outstanding receivables efficiently. A higher turnover ratio indicates that the company is collecting cash from customers quickly.

3. Payables Turnover:
The payables turnover ratio for Vistra Corp has shown variations but generally indicates the company's ability to manage its accounts payable effectively. Higher turnover ratios suggest that the company is paying its suppliers promptly.

4. Working Capital Turnover:
The working capital turnover ratio reflects how effectively Vistra Corp is utilizing its working capital to generate sales. The company's ratios have been fluctuating but generally show that it is efficiently managing its working capital to generate revenue.

Overall, based on these activity ratios, Vistra Corp appears to have efficient operations in terms of managing inventory, receivables, payables, and working capital, which may contribute to improved overall financial performance.

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 189.01 173.39 175.24 166.49 156.43 169.97 180.85 162.95 187.26 147.82 123.70 123.52 128.22 127.70 170.38 165.44 173.97 177.95 209.58 152.26
Days of sales outstanding (DSO) days 56.66 65.01 53.07 47.65 71.60 67.64 80.86 51.70 55.55 64.55 56.59 55.34 55.72 56.74 56.09 46.25 57.46 59.80 46.60 41.34
Number of days of payables days 292.97 284.51 278.93 266.01 427.02 402.74 442.93 383.21 465.08 367.82 274.39 298.61 219.10 225.49 276.82 258.78 351.28 379.07 344.31 276.74

Vistra Corp's activity ratios provide insight into the efficiency of its operations and management of working capital.

1. Days of Inventory on Hand (DOH): Vistra Corp's DOH has been increasing over the quarters, indicating a longer time taken to sell its inventory. This could be due to factors such as slowing sales or overstocking. However, the most recent quarter shows a decrease in DOH compared to the previous quarters, which may suggest improved inventory management.

2. Days of Sales Outstanding (DSO): Vistra Corp's DSO shows the average number of days it takes to collect revenue after a sale is made. The company's DSO has been fluctuating, with some quarters showing higher numbers than others. This could indicate variability in customer payment behavior or the effectiveness of the company's credit policies.

3. Number of Days of Payables: Vistra Corp's number of days of payables reveals how long the company takes to pay its suppliers. The trend shows a decrease in the time taken to pay suppliers over the quarters, which could be a strategic move to manage cash flow or negotiate better payment terms.

Overall, Vistra Corp should continue to monitor and manage its activity ratios to optimize its working capital management and improve operational efficiency.

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 1.19 1.26 1.33 1.19 1.09 1.05 0.86 0.93 0.93 0.86 0.89 0.88 0.85 0.87 0.82 0.85 0.85 0.82 0.81 0.78
Total asset turnover 0.45 0.49 0.55 0.48 0.42 0.37 0.29 0.37 0.41 0.38 0.44 0.46 0.45 0.46 0.43 0.44 0.44 0.44 0.44 0.44

The fixed asset turnover ratio for Vistra Corp has shown a fluctuating trend over the past eight quarters, ranging from 0.86 to 1.33. This ratio indicates that the company generated between $0.86 to $1.33 in revenue for every dollar invested in fixed assets. The increasing trend in the fixed asset turnover ratio suggests that Vistra Corp has been more efficient in utilizing its fixed assets to generate sales, with a notable improvement from Q1 2022 to Q3 2023.

On the other hand, the total asset turnover ratio for Vistra Corp has also depicted variability, ranging from 0.29 to 0.55. This ratio signifies that the company generated between $0.29 to $0.55 in revenue for every dollar invested in total assets. The general trend for the total asset turnover ratio shows an increasing pattern, indicating that Vistra Corp has been improving its overall efficiency in generating sales relative to its total asset base.

In summary, the analysis of Vistra Corp's long-term activity ratios reveals that the company has been progressively enhancing its efficiency in utilizing both fixed and total assets to drive sales over the past eight quarters. The improvement in asset turnover ratios signifies positive operational performance in maximizing revenue generation from the company's asset base.