Dentsply Sirona Inc (XRAY)
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 | 3.50 | 6.17 | 7.47 | 7.38 | 7.59 | 7.21 | 5.35 | 5.65 | 6.08 | 5.49 | 5.48 | 2,675.20 | 6.03 | 7.19 | 6.48 | 6.61 | 6.70 | 6.23 | 6.24 | 6.42 |
| Receivables turnover | 5.14 | 6.02 | 5.83 | 6.00 | 6.18 | 6.20 | 6.19 | 5.85 | 5.61 | 5.71 | 5.95 | 5.39 | 4.91 | 5.31 | 6.82 | 5.55 | 5.13 | 5.67 | 5.61 | 6.01 |
| Payables turnover | 7.15 | 15.33 | 18.51 | 18.22 | 17.05 | 15.75 | 10.76 | 11.27 | 11.95 | 11.09 | 10.51 | 9.45 | 9.50 | 14.48 | 16.60 | 14.39 | 12.22 | 15.30 | 15.31 | 14.75 |
| Working capital turnover | 7.09 | 5.62 | 6.02 | 6.87 | 5.41 | 6.22 | 6.36 | 7.88 | 7.12 | 6.90 | 7.56 | 7.16 | 7.76 | 2.38 | 2.13 | 4.31 | 4.00 | 4.21 | 4.14 | 4.28 |
DENTSPLY Sirona Inc's activity ratios provide insight into how effectively the company manages its assets and liabilities to generate sales.
1. Inventory Turnover: This ratio measures how many times the company turns its inventory into sales during a specific period. A higher inventory turnover ratio indicates that the company is efficiently managing its stock levels. DENTSPLY Sirona Inc's inventory turnover has ranged from 2.74 to 3.20 over the past eight quarters, with an average of approximately 2.94.
2. Receivables Turnover: This ratio reveals how quickly the company collects cash from credit sales. A higher receivables turnover ratio suggests that the company efficiently collects outstanding payments. DENTSPLY Sirona Inc's receivables turnover has ranged from 5.71 to 6.26 across the last eight quarters, with an average of around 6.02.
3. Payables Turnover: This ratio indicates how efficiently the company pays its suppliers. A higher payables turnover ratio suggests that the company is effectively managing its payments. DENTSPLY Sirona Inc's payables turnover has fluctuated between 6.16 and 7.08 over the last eight quarters, with an average of about 6.73.
4. Working Capital Turnover: This ratio measures the efficiency of the company in generating revenue from its working capital. A higher working capital turnover ratio indicates effective utilization of resources. DENTSPLY Sirona Inc's working capital turnover has varied from 5.42 to 7.95 over the past eight quarters, with an average of approximately 6.49.
In summary, DENTSPLY Sirona Inc has shown relatively stable inventory turnover and working capital turnover ratios, indicating efficient management of inventory and working capital. Additionally, the company has maintained consistent receivables turnover and payables turnover ratios, suggesting effective management of accounts receivable and accounts payable.
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 | 104.43 | 59.17 | 48.88 | 49.43 | 48.11 | 50.64 | 68.21 | 64.65 | 60.02 | 66.54 | 66.64 | 0.14 | 60.57 | 50.76 | 56.37 | 55.24 | 54.51 | 58.62 | 58.46 | 56.89 |
| Days of sales outstanding (DSO) | days | 70.99 | 60.66 | 62.56 | 60.86 | 59.03 | 58.84 | 58.93 | 62.38 | 65.09 | 63.88 | 61.30 | 67.75 | 74.31 | 68.69 | 53.50 | 65.76 | 71.09 | 64.32 | 65.08 | 60.73 |
| Number of days of payables | days | 51.04 | 23.81 | 19.72 | 20.03 | 21.41 | 23.18 | 33.93 | 32.38 | 30.53 | 32.91 | 34.74 | 38.61 | 38.43 | 25.20 | 21.99 | 25.36 | 29.87 | 23.86 | 23.84 | 24.75 |
Days of inventory on hand (DOH) measures how many days it takes for the company to sell its inventory. In the most recent quarter, Q4 2023, DENTSPLY Sirona had 121.21 days of inventory on hand, which has gradually decreased from the previous quarters. This suggests that the company is managing its inventory more efficiently, turning over its inventory at a faster rate.
Days of sales outstanding (DSO) indicates the average number of days it takes for the company to collect revenue after a sale is made. In Q4 2023, DENTSPLY Sirona had a DSO of 63.98 days, showing an increase compared to the previous quarter. This could indicate that the company is facing challenges in collecting payments from its customers promptly.
Number of days of payables measures how long it takes the company to pay its suppliers. DENTSPLY Sirona's days of payables have been relatively consistent, with a slight increase in Q4 2023 to 59.25 days. This may indicate that the company is maintaining a stable relationship with its suppliers.
Overall, DENTSPLY Sirona has shown improvement in managing its inventory efficiently, while its collection of receivables has slightly increased. The stability in the number of days of payables suggests the company has been managing its payment obligations effectively.
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 | 4.86 | 5.19 | 5.06 | 5.08 | 5.14 | 5.60 | 5.50 | 5.37 | 5.44 | 5.42 | 5.25 | 4.57 | 4.18 | 4.32 | 4.42 | 5.07 | 5.01 | 5.06 | 4.79 | 4.63 |
| Total asset turnover | 0.53 | 0.54 | 0.51 | 0.51 | 0.51 | 0.53 | 0.46 | 0.45 | 0.46 | 0.45 | 0.43 | 0.38 | 0.35 | 0.38 | 0.40 | 0.49 | 0.47 | 0.47 | 0.46 | 0.46 |
The fixed asset turnover ratio measures the efficiency of DENTSPLY Sirona Inc in generating sales revenue from its investment in fixed assets. The trend in the fixed asset turnover ratio over the past eight quarters shows a relatively stable performance, ranging between 4.96 and 5.65. This consistency indicates that the company has been effectively utilizing its fixed assets to generate sales revenue.
On the other hand, the total asset turnover ratio reflects the company's ability to generate sales relative to its total assets. The data provided shows a fluctuating trend in the total asset turnover ratio, ranging from 0.45 to 0.55 over the same period. This variability suggests some inconsistency in the company's overall asset utilization efficiency.
In summary, while DENTSPLY Sirona Inc has shown stability in utilizing its fixed assets efficiently to generate sales revenue, there appears to be some fluctuation in its overall asset turnover efficiency. Further investigation into the factors influencing these fluctuations could provide valuable insights into the company's operational performance and efficiency in capital utilization.