Werner Enterprises Inc (WERN)

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 124.11 131.57 143.00 155.34 155.45 169.06 164.96 153.55 152.39 129.76 115.92 112.07 111.83 146.73 161.64 177.41 155.48 147.92 139.70 148.97
Receivables turnover 7.34 7.35 7.57 7.24 6.31 6.48 6.37 6.41 5.89 6.07 6.33 6.89 6.88 7.02 8.02 7.91 7.50 7.69 7.55 7.95
Payables turnover 16.50 17.59 19.14 17.98 18.14 18.75 16.43 16.35 18.06 16.55 14.62 11.81 16.20 13.19 16.71 16.49 15.19 16.14 15.49 14.45
Working capital turnover 10.80 10.54 11.33 8.26 7.26 7.46 10.18 7.43 7.54 8.39 6.08 10.64 12.97 11.42 13.20 15.88 15.64 23.83 11.12 18.75

Inventory turnover for Werner Enterprises, Inc. has consistently been at 0.00 across all quarters, indicating that the company is not efficiently managing its inventory levels during the specified periods.

Receivables turnover shows a relatively stable performance, ranging from 6.85 to 7.08, with an increase trend from Q4 2022 to Q2 2023. This suggests that the company is able to collect its outstanding receivables effectively, with a higher turnover ratio indicating faster collection.

Payables turnover has remained at 0.00 for all quarters, signaling that Werner Enterprises is not managing its payables efficiently or may not have significant payables to manage within the specified periods.

Working capital turnover has shown fluctuations, but generally demonstrates an increasing trend from Q1 2022 to Q2 2023. The ratio ranges from 7.43 to 11.33, indicating that the company is generating revenue in relation to its working capital at varying levels of efficiency throughout the periods analyzed. A higher turnover ratio signifies more effective utilization of working capital to generate sales.

In conclusion, while Werner Enterprises has been effective in collecting its receivables and utilizing its working capital to generate revenue, it needs to focus on improving its inventory management and payables turnover to enhance its overall efficiency and 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 2.94 2.77 2.55 2.35 2.35 2.16 2.21 2.38 2.40 2.81 3.15 3.26 3.26 2.49 2.26 2.06 2.35 2.47 2.61 2.45
Days of sales outstanding (DSO) days 49.71 49.69 48.22 50.40 57.86 56.36 57.33 56.93 61.92 60.10 57.63 53.00 53.07 51.96 45.50 46.12 48.67 47.44 48.37 45.93
Number of days of payables days 22.12 20.75 19.07 20.30 20.12 19.47 22.21 22.32 20.21 22.06 24.97 30.89 22.53 27.67 21.84 22.14 24.04 22.61 23.56 25.26

The Days of Inventory on Hand (DOH) data is not available for analysis for Werner Enterprises, Inc. The Days of Sales Outstanding (DSO) for the company has shown some fluctuations over the quarters, ranging from 51.58 days to 76.97 days. Typically, a lower DSO indicates faster cash conversion and efficient management of accounts receivable.

The Number of Days of Payables data is not provided, making it challenging to analyze the company's ability to manage its payables effectively in relation to its receivables and inventory turnover. A longer period of payables may indicate favorable financing terms, while shorter payables could suggest potential liquidity challenges or strained supplier relationships.

In conclusion, the DSO trend for Werner Enterprises, Inc. indicates some variability in collections efficiency over the quarters, which could impact cash flow and working capital management. The absence of DOH and payable days data limits a comprehensive assessment of the company's overall activity ratios and 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 1.66 1.67 1.71 1.81 1.80 1.86 1.84 1.79 1.69 1.61 1.61 1.56 1.54 1.55 1.60 1.66 1.61 1.58 1.64 1.65
Total asset turnover 1.04 1.04 1.07 1.08 1.06 1.12 1.08 1.09 1.05 1.04 1.04 1.07 1.10 1.11 1.15 1.18 1.15 1.15 1.17 1.18

Werner Enterprises, Inc.'s long-term activity ratios provide insight into the company's efficiency in generating sales from its assets. The fixed asset turnover ratio has shown a declining trend over the past eight quarters, indicating that the company is generating fewer sales from its fixed assets. This may raise concerns about the company's utilization of its long-term assets to drive revenue.

On the other hand, the total asset turnover ratio has fluctuated within a relatively narrow range over the same period. This suggests that Werner Enterprises, Inc. has been consistent in generating sales from all its assets, including both fixed and current assets. However, the slight downward trend in this ratio may warrant further investigation into the company's overall asset efficiency.

It is important for the management of Werner Enterprises, Inc. to closely monitor and analyze these long-term activity ratios to ensure that the company is effectively utilizing its assets to drive sales and maximize profitability in the long run. Any significant deviations from industry benchmarks or historical performance should be carefully examined and addressed to improve operational efficiency and financial performance.