John Wiley & Sons (WLY)

Activity ratios

Short-term

Turnover ratios

Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019
Inventory turnover 64.39 64.39 62.54 62.33 62.95 59.78 55.23 57.43 53.99 46.89 45.85 44.07 39.06 48.13 46.14 42.73 44.21 53.17 46.14 41.71
Receivables turnover 8.34 11.68 12.99 12.66 6.40 7.07 7.83 7.31 6.21 7.68 6.93 6.98 6.19 6.69 6.77 6.44 5.85 6.06 7.69 6.40
Payables turnover 30.33 40.61 38.84 43.19 22.94 61.22 41.13 33.87 25.51 24.28 35.53 28.61 17.35 26.85 35.43 36.63 20.58 35.93 27.91 31.04
Working capital turnover — — — — — — — — — — — — — — — — — — — —

The activity ratios of John Wiley & Sons reflect the efficiency of the company's operations in managing its inventory, receivables, and payables.

- Inventory turnover has been consistently high, indicating that the company is effectively managing its inventory levels and turning over its inventory multiple times within a given period. This implies strong sales and efficient inventory management.

- Receivables turnover has shown some fluctuation but generally indicates that the company is efficient in collecting payments from customers. The higher the turnover, the quicker the company is able to collect outstanding receivables, which is a positive sign for liquidity.

- Payables turnover has also varied, suggesting changes in the company's payment terms with suppliers. A higher turnover ratio signifies that the company is paying its suppliers more quickly, potentially taking advantage of discounts or maintaining good relationships.

- The working capital turnover ratio is not provided in the data, so we are unable to assess the efficiency of the company in utilizing its working capital to generate sales.

Overall, the high inventory turnover, moderate to high receivables turnover, and fluctuating payables turnover suggest that John Wiley & Sons is efficiently managing its working capital and operational activities to support its business operations.

Average number of days

Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019
Days of inventory on hand (DOH) days 5.67 5.67 5.84 5.86 5.80 6.11 6.61 6.36 6.76 7.78 7.96 8.28 9.34 7.58 7.91 8.54 8.26 6.86 7.91 8.75
Days of sales outstanding (DSO) days 43.74 31.25 28.10 28.84 57.06 51.61 46.62 49.95 58.82 47.54 52.66 52.30 58.96 54.53 53.90 56.72 62.35 60.22 47.49 57.05
Number of days of payables days 12.03 8.99 9.40 8.45 15.91 5.96 8.87 10.78 14.31 15.04 10.27 12.76 21.04 13.60 10.30 9.96 17.74 10.16 13.08 11.76

The activity ratios of John Wiley & Sons reflect the efficiency of the company's operations over time.

1. Days of Inventory on Hand (DOH):
The days of inventory on hand measure how effectively the company manages its inventory. A lower number indicates efficient inventory management. From April 2020 to April 2024, the DOH has ranged from 5.67 to 9.34 days. The trend shows a fluctuation in inventory holding period, with some periods showing improvements (lower DOH) and others indicating a slight increase.

2. Days of Sales Outstanding (DSO):
The days of sales outstanding indicate how quickly the company collects its accounts receivable. A lower DSO is desirable as it indicates faster cash collection. Over the same period, the DSO has varied between 28.10 to 62.35 days. The trend displays volatility in the collection period, with fluctuating DSO values, suggesting potential issues in accounts receivable management.

3. Number of Days of Payables:
This ratio reflects how long the company takes to pay its suppliers. A higher number of days of payables may indicate favorable credit terms with suppliers. The number of days of payables for John Wiley & Sons has ranged from 5.96 to 21.04 days from July 2019 to April 2024. The trend shows inconsistency in payment periods, with some periods indicating a longer payment cycle.

In conclusion, John Wiley & Sons has shown varying levels of efficiency in managing its inventory, collecting receivables, and paying suppliers over the analyzed periods. Monitoring and improving these activity ratios can help enhance the company's operational effectiveness and cash flow management.

Long-term

Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019
Fixed asset turnover 9.72 9.03 8.60 8.68 8.03 8.08 8.15 7.96 7.59 7.56 7.44 7.27 6.83 6.56 6.38 6.15 6.08 6.15 6.14 6.15
Total asset turnover 0.69 0.69 0.69 0.66 0.64 0.64 0.65 0.64 0.61 0.61 0.60 0.59 0.56 0.54 0.61 0.59 0.57 0.55 0.59 0.58

Based on the data provided for John Wiley & Sons, the fixed asset turnover ratio measures how efficiently the company is utilizing its fixed assets to generate sales. The trend in the fixed asset turnover ratio shows an improving pattern over the past few quarters, indicating that the company is effectively generating sales relative to its investment in fixed assets. The ratio has consistently been above 6, peaking at 9.72 in the most recent quarter, which suggests that Wiley is efficiently using its fixed assets to generate revenue.

On the other hand, the total asset turnover ratio reflects the company's ability to generate sales from all its assets. In this case, the data shows a relatively stable total asset turnover ratio over the quarters, hovering around 0.60 to 0.69. A total asset turnover close to 1 is generally considered favorable, as it indicates that the company is generating sales at a rate comparable to its total asset base.

Overall, the analysis of John Wiley & Sons' long-term activity ratios indicates that the company is effectively utilizing its fixed assets to drive revenue growth, while also maintaining a stable level of sales relative to its total asset base.