Analysis of Short-term (Operating) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
Builders FirstSource Inc., short-term (operating) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Builders FirstSource Inc. inventory turnover ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Builders FirstSource Inc. receivables turnover ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Builders FirstSource Inc. payables turnover ratio decreased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | Builders FirstSource Inc. working capital turnover ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | Builders FirstSource Inc. number of days of inventory outstanding deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | Builders FirstSource Inc. number of days of receivables outstanding deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Builders FirstSource Inc. operating cycle deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Builders FirstSource Inc. number of days of payables outstanding increased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
| Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. | Builders FirstSource Inc. cash conversion cycle deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Inventory Turnover
Builders FirstSource Inc., inventory turnover calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Cost of sales | 2,953,162) | 2,933,944) | 2,511,914) | 2,872,438) | 3,746,731) | 4,514,112) | 3,848,758) | 3,149,010) | 3,796,138) | 3,993,531) | 3,104,221) | 1,861,572) | 1,724,799) | 1,428,311) | 1,321,608) | 1,287,017) | 1,439,893) | 1,387,367) | 1,189,325) | 1,323,201) | 1,595,686) | 1,593,560) | 1,289,384) | |||||||
| Inventories, net | 1,331,512) | 1,362,250) | 1,336,163) | 1,426,196) | 1,758,881) | 2,065,349) | 2,188,056) | 1,626,244) | 1,616,553) | 2,074,448) | 1,585,612) | 784,527) | 751,149) | 615,142) | 640,048) | 561,255) | 581,543) | 617,527) | 635,499) | 596,896) | 679,471) | 782,757) | 678,790) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||
| Inventory turnover1 | 8.47 | 8.86 | 10.21 | 10.50 | 8.68 | 7.41 | 6.76 | 8.64 | 7.89 | 5.15 | 5.12 | 8.08 | 7.67 | 8.90 | 8.49 | 9.45 | 9.18 | 8.90 | 8.97 | 9.72 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Inventory Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Boeing Co. | 0.87 | 0.88 | 0.83 | 0.81 | 0.78 | 0.74 | 0.74 | 0.75 | 0.77 | 0.76 | 0.74 | 0.78 | 0.71 | 0.78 | 0.88 | 0.94 | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 2.47 | 2.42 | 2.38 | 2.54 | 2.36 | 2.40 | 2.46 | 2.53 | 2.44 | 2.49 | 2.46 | 2.55 | 2.66 | 2.82 | 2.97 | 3.25 | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 3.93 | 3.93 | 3.94 | 4.04 | 3.95 | 3.87 | 4.03 | 4.48 | 4.73 | 4.86 | 5.12 | 5.88 | 6.10 | 6.20 | 6.00 | 5.11 | — | — | — | — | — | — | — | |||||||
| GE Aerospace | 3.02 | 3.15 | 3.32 | 3.19 | 3.10 | 3.04 | 3.25 | 3.40 | 3.21 | 3.28 | 3.46 | 3.80 | 4.36 | 4.41 | 4.50 | 4.97 | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 3.76 | 3.82 | 3.90 | 4.04 | 4.09 | 4.06 | 4.20 | 4.55 | 4.72 | 4.88 | 4.85 | 4.94 | 4.79 | 4.88 | 5.23 | 5.51 | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 17.88 | 16.82 | 16.63 | 18.68 | 18.09 | 16.20 | 18.12 | 19.45 | 19.81 | 18.64 | 17.58 | 16.01 | 16.91 | 15.46 | 14.94 | 14.22 | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 4.60 | 4.68 | 4.81 | 5.03 | 5.03 | 5.14 | 5.33 | 5.65 | 5.57 | 5.49 | 5.48 | 5.11 | 4.93 | 4.85 | 4.51 | 5.21 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2023 Calculation
Inventory turnover
= (Cost of salesQ3 2023
+ Cost of salesQ2 2023
+ Cost of salesQ1 2023
+ Cost of salesQ4 2022)
÷ Inventories, net
= (2,953,162 + 2,933,944 + 2,511,914 + 2,872,438)
÷ 1,331,512 = 8.47
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Builders FirstSource Inc. inventory turnover ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Receivables Turnover
Builders FirstSource Inc., receivables turnover calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Net sales | 4,534,264) | 4,528,890) | 3,883,314) | 4,357,565) | 5,761,463) | 6,926,259) | 5,681,131) | 4,634,809) | 5,508,590) | 5,576,682) | 4,173,775) | 2,530,760) | 2,295,450) | 1,945,643) | 1,787,021) | 1,763,573) | 1,981,035) | 1,904,523) | 1,631,300) | 1,815,980) | 2,118,467) | 2,089,888) | 1,700,436) | |||||||
| Accounts receivable, less allowances | 1,618,107) | 1,618,666) | 1,429,939) | 1,448,139) | 1,924,912) | 2,407,841) | 2,290,513) | 1,708,796) | 2,134,269) | 2,174,674) | 1,749,650) | 880,018) | 860,842) | 719,684) | 702,192) | 614,946) | 721,134) | 715,405) | 648,942) | 654,170) | 805,317) | 820,396) | 710,448) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||
| Receivables turnover1 | 10.69 | 11.45 | 14.64 | 15.69 | 11.95 | 9.45 | 9.34 | 11.64 | 8.34 | 6.70 | 6.26 | 9.73 | 9.05 | 10.39 | 10.59 | 11.84 | 10.17 | 10.44 | 11.80 | 11.81 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Receivables Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Boeing Co. | 24.99 | 24.99 | 24.65 | 26.46 | 22.98 | 20.27 | 25.37 | 23.58 | 27.95 | 24.76 | 23.97 | 29.75 | 22.00 | 23.85 | 21.97 | 23.44 | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 6.95 | 6.56 | 6.37 | 6.39 | 6.59 | 6.10 | 5.46 | 5.68 | 5.97 | 5.51 | 5.07 | 5.33 | 5.86 | 6.11 | 6.12 | 5.92 | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 5.07 | 5.01 | 5.05 | 5.09 | 5.28 | 5.15 | 5.39 | 5.95 | 5.75 | 5.72 | 5.79 | 6.15 | 6.40 | 7.25 | 7.07 | 6.22 | — | — | — | — | — | — | — | |||||||
| GE Aerospace | 4.61 | 4.67 | 5.00 | 4.09 | 4.19 | 4.39 | 4.43 | 4.55 | 4.83 | 4.74 | 4.59 | 4.37 | 4.46 | 5.03 | 5.08 | 5.22 | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 4.65 | 4.52 | 4.57 | 4.77 | 4.74 | 4.45 | 4.82 | 5.04 | 4.78 | 4.89 | 4.89 | 4.78 | 4.83 | 5.14 | 4.87 | 4.90 | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 28.14 | 19.67 | 25.61 | 26.34 | 26.06 | 18.87 | 26.02 | 34.15 | 29.27 | 25.59 | 29.81 | 33.06 | 25.90 | 22.19 | 21.14 | 25.59 | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 6.67 | 7.13 | 6.81 | 7.36 | 7.15 | 6.28 | 7.15 | 6.66 | 6.69 | 6.99 | 6.03 | 6.11 | 5.90 | 6.79 | 5.35 | 5.70 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2023 Calculation
Receivables turnover
= (Net salesQ3 2023
+ Net salesQ2 2023
+ Net salesQ1 2023
+ Net salesQ4 2022)
÷ Accounts receivable, less allowances
= (4,534,264 + 4,528,890 + 3,883,314 + 4,357,565)
÷ 1,618,107 = 10.69
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Builders FirstSource Inc. receivables turnover ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Payables Turnover
Builders FirstSource Inc., payables turnover calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Cost of sales | 2,953,162) | 2,933,944) | 2,511,914) | 2,872,438) | 3,746,731) | 4,514,112) | 3,848,758) | 3,149,010) | 3,796,138) | 3,993,531) | 3,104,221) | 1,861,572) | 1,724,799) | 1,428,311) | 1,321,608) | 1,287,017) | 1,439,893) | 1,387,367) | 1,189,325) | 1,323,201) | 1,595,686) | 1,593,560) | 1,289,384) | |||||||
| Accounts payable | 1,032,093) | 1,061,965) | 938,938) | 803,479) | 1,087,994) | 1,265,461) | 1,563,334) | 1,093,370) | 1,004,521) | 1,318,446) | 1,123,804) | 600,357) | 651,332) | 554,394) | 551,548) | 436,823) | 499,360) | 516,897) | 471,338) | 423,168) | 487,775) | 562,549) | 488,178) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||
| Payables turnover1 | 10.92 | 11.36 | 14.53 | 18.65 | 14.02 | 12.10 | 9.46 | 12.84 | 12.70 | 8.10 | 7.22 | 10.55 | 8.85 | 9.88 | 9.86 | 12.14 | 10.69 | 10.63 | 12.10 | 13.71 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Payables Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Boeing Co. | 6.18 | 6.28 | 6.37 | 6.18 | 6.36 | 6.17 | 6.73 | 6.40 | 6.20 | 5.45 | 4.90 | 4.94 | 4.25 | 4.77 | 4.69 | 4.63 | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 5.54 | 5.09 | 4.68 | 4.76 | 4.81 | 4.72 | 4.43 | 4.36 | 4.61 | 4.57 | 4.46 | 4.75 | 5.86 | 6.31 | 6.05 | 6.15 | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 4.48 | 4.52 | 4.55 | 4.51 | 4.61 | 4.43 | 4.67 | 4.75 | 5.11 | 5.22 | 5.66 | 6.24 | 7.15 | 8.18 | 7.88 | 6.78 | — | — | — | — | — | — | — | |||||||
| GE Aerospace | 3.26 | 3.41 | 3.57 | 2.98 | 3.14 | 3.14 | 3.32 | 3.32 | 3.33 | 3.35 | 3.56 | 3.67 | 4.67 | 4.99 | 4.57 | 4.40 | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 3.51 | 3.49 | 3.50 | 3.53 | 3.68 | 3.63 | 3.66 | 3.61 | 3.83 | 3.76 | 3.86 | 3.86 | 4.27 | 4.32 | 4.23 | 4.25 | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 15.51 | 16.97 | 17.65 | 27.25 | 21.48 | 24.07 | 21.92 | 74.34 | 37.83 | 36.15 | 30.31 | 64.48 | 37.34 | 37.46 | 16.70 | 40.16 | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 5.37 | 5.54 | 5.42 | 5.40 | 5.82 | 5.36 | 6.28 | 5.93 | 6.06 | 6.52 | 5.67 | 5.56 | 5.96 | 6.92 | 4.73 | 5.28 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2023 Calculation
Payables turnover
= (Cost of salesQ3 2023
+ Cost of salesQ2 2023
+ Cost of salesQ1 2023
+ Cost of salesQ4 2022)
÷ Accounts payable
= (2,953,162 + 2,933,944 + 2,511,914 + 2,872,438)
÷ 1,032,093 = 10.92
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Builders FirstSource Inc. payables turnover ratio decreased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Working Capital Turnover
Builders FirstSource Inc., working capital turnover calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||
| Current assets | 3,574,107) | 3,605,217) | 3,347,289) | 3,497,647) | 4,420,131) | 5,277,316) | 5,379,933) | 3,968,269) | 4,231,234) | 4,915,075) | 3,570,668) | 2,223,682) | 2,061,742) | 1,801,587) | 1,604,881) | 1,306,867) | 1,430,077) | 1,433,958) | 1,385,754) | 1,373,751) | 1,613,974) | 1,726,952) | 1,503,115) | |||||||
| Less: Current liabilities | 2,026,682) | 1,955,856) | 1,831,931) | 1,842,779) | 2,293,727) | 2,528,813) | 2,683,067) | 2,128,711) | 2,033,180) | 2,252,748) | 1,861,178) | 1,074,853) | 1,084,871) | 933,106) | 859,013) | 821,301) | 863,745) | 848,219) | 737,911) | 731,259) | 771,762) | 846,750) | 719,391) | |||||||
| Working capital | 1,547,425) | 1,649,361) | 1,515,358) | 1,654,868) | 2,126,404) | 2,748,503) | 2,696,866) | 1,839,558) | 2,198,054) | 2,662,327) | 1,709,490) | 1,148,829) | 976,871) | 868,481) | 745,868) | 485,566) | 566,332) | 585,739) | 647,843) | 642,492) | 842,212) | 880,202) | 783,724) | |||||||
| Net sales | 4,534,264) | 4,528,890) | 3,883,314) | 4,357,565) | 5,761,463) | 6,926,259) | 5,681,131) | 4,634,809) | 5,508,590) | 5,576,682) | 4,173,775) | 2,530,760) | 2,295,450) | 1,945,643) | 1,787,021) | 1,763,573) | 1,981,035) | 1,904,523) | 1,631,300) | 1,815,980) | 2,118,467) | 2,089,888) | 1,700,436) | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||
| Working capital turnover1 | 11.18 | 11.24 | 13.81 | 13.73 | 10.82 | 8.28 | 7.94 | 10.81 | 8.09 | 5.48 | 6.40 | 7.45 | 7.98 | 8.61 | 9.97 | 14.99 | 12.95 | 12.75 | 11.82 | 12.02 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Working Capital Turnover, Competitors2 | ||||||||||||||||||||||||||||||
| Boeing Co. | 5.46 | 4.80 | 4.61 | 3.42 | 3.13 | 2.87 | 2.51 | 2.34 | 2.02 | 2.00 | 1.88 | 1.69 | 1.57 | 1.76 | 4.27 | 15.57 | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 4.27 | 5.29 | 4.25 | 4.62 | 4.35 | 3.93 | 3.83 | 3.54 | 2.87 | 2.80 | 2.52 | 2.84 | 3.01 | 3.45 | 4.33 | 4.04 | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 6.61 | 6.16 | 7.01 | 8.70 | 10.69 | — | — | 65.65 | 12.41 | 21.65 | 5.34 | 5.42 | 6.42 | 7.05 | 5.60 | 5.95 | — | — | — | — | — | — | — | |||||||
| GE Aerospace | 8.11 | 5.70 | 5.87 | 7.93 | 13.29 | 10.55 | 7.14 | 4.94 | 1.57 | 1.57 | 1.27 | 2.26 | 5.06 | 6.05 | 8.72 | — | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 5.98 | 5.16 | 7.79 | 7.03 | 7.91 | 8.84 | 8.07 | 5.86 | 5.94 | 4.52 | 4.27 | 3.64 | 3.02 | 3.14 | 6.93 | 5.92 | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 11.04 | 10.56 | 12.81 | 12.93 | 14.03 | 14.28 | 15.14 | 11.52 | 10.48 | 12.30 | 11.93 | 12.01 | 12.62 | 13.44 | 17.12 | 19.15 | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 44.25 | 16.99 | 12.76 | 20.15 | 19.15 | 17.77 | 11.41 | 9.75 | 8.11 | 10.24 | 9.77 | 7.52 | 7.51 | 9.23 | 9.50 | 26.47 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2023 Calculation
Working capital turnover
= (Net salesQ3 2023
+ Net salesQ2 2023
+ Net salesQ1 2023
+ Net salesQ4 2022)
÷ Working capital
= (4,534,264 + 4,528,890 + 3,883,314 + 4,357,565)
÷ 1,547,425 = 11.18
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | Builders FirstSource Inc. working capital turnover ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Average Inventory Processing Period
Builders FirstSource Inc., average inventory processing period calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||
| Inventory turnover | 8.47 | 8.86 | 10.21 | 10.50 | 8.68 | 7.41 | 6.76 | 8.64 | 7.89 | 5.15 | 5.12 | 8.08 | 7.67 | 8.90 | 8.49 | 9.45 | 9.18 | 8.90 | 8.97 | 9.72 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||||
| Average inventory processing period1 | 43 | 41 | 36 | 35 | 42 | 49 | 54 | 42 | 46 | 71 | 71 | 45 | 48 | 41 | 43 | 39 | 40 | 41 | 41 | 38 | — | — | — | |||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||||
| Average Inventory Processing Period, Competitors2 | ||||||||||||||||||||||||||||||
| Boeing Co. | 419 | 416 | 438 | 452 | 468 | 494 | 493 | 486 | 475 | 478 | 496 | 467 | 516 | 468 | 416 | 388 | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 148 | 151 | 154 | 144 | 155 | 152 | 148 | 144 | 150 | 146 | 149 | 143 | 137 | 129 | 123 | 112 | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 93 | 93 | 93 | 90 | 92 | 94 | 90 | 82 | 77 | 75 | 71 | 62 | 60 | 59 | 61 | 71 | — | — | — | — | — | — | — | |||||||
| GE Aerospace | 121 | 116 | 110 | 114 | 118 | 120 | 112 | 107 | 114 | 111 | 105 | 96 | 84 | 83 | 81 | 74 | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 97 | 96 | 94 | 90 | 89 | 90 | 87 | 80 | 77 | 75 | 75 | 74 | 76 | 75 | 70 | 66 | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 20 | 22 | 22 | 20 | 20 | 23 | 20 | 19 | 18 | 20 | 21 | 23 | 22 | 24 | 24 | 26 | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 79 | 78 | 76 | 73 | 73 | 71 | 69 | 65 | 65 | 66 | 67 | 71 | 74 | 75 | 81 | 70 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2023 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 8.47 = 43
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | Builders FirstSource Inc. number of days of inventory outstanding deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Average Receivable Collection Period
Builders FirstSource Inc., average receivable collection period calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||
| Receivables turnover | 10.69 | 11.45 | 14.64 | 15.69 | 11.95 | 9.45 | 9.34 | 11.64 | 8.34 | 6.70 | 6.26 | 9.73 | 9.05 | 10.39 | 10.59 | 11.84 | 10.17 | 10.44 | 11.80 | 11.81 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||||
| Average receivable collection period1 | 34 | 32 | 25 | 23 | 31 | 39 | 39 | 31 | 44 | 54 | 58 | 38 | 40 | 35 | 34 | 31 | 36 | 35 | 31 | 31 | — | — | — | |||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||||
| Average Receivable Collection Period, Competitors2 | ||||||||||||||||||||||||||||||
| Boeing Co. | 15 | 15 | 15 | 14 | 16 | 18 | 14 | 15 | 13 | 15 | 15 | 12 | 17 | 15 | 17 | 16 | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 53 | 56 | 57 | 57 | 55 | 60 | 67 | 64 | 61 | 66 | 72 | 68 | 62 | 60 | 60 | 62 | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 72 | 73 | 72 | 72 | 69 | 71 | 68 | 61 | 63 | 64 | 63 | 59 | 57 | 50 | 52 | 59 | — | — | — | — | — | — | — | |||||||
| GE Aerospace | 79 | 78 | 73 | 89 | 87 | 83 | 82 | 80 | 76 | 77 | 80 | 83 | 82 | 73 | 72 | 70 | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 79 | 81 | 80 | 77 | 77 | 82 | 76 | 72 | 76 | 75 | 75 | 76 | 76 | 71 | 75 | 75 | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 13 | 19 | 14 | 14 | 14 | 19 | 14 | 11 | 12 | 14 | 12 | 11 | 14 | 16 | 17 | 14 | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 55 | 51 | 54 | 50 | 51 | 58 | 51 | 55 | 55 | 52 | 61 | 60 | 62 | 54 | 68 | 64 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2023 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 10.69 = 34
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | Builders FirstSource Inc. number of days of receivables outstanding deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Operating Cycle
Builders FirstSource Inc., operating cycle calculation (quarterly data)
No. days
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||
| Average inventory processing period | 43 | 41 | 36 | 35 | 42 | 49 | 54 | 42 | 46 | 71 | 71 | 45 | 48 | 41 | 43 | 39 | 40 | 41 | 41 | 38 | — | — | — | |||||||
| Average receivable collection period | 34 | 32 | 25 | 23 | 31 | 39 | 39 | 31 | 44 | 54 | 58 | 38 | 40 | 35 | 34 | 31 | 36 | 35 | 31 | 31 | — | — | — | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||
| Operating cycle1 | 77 | 73 | 61 | 58 | 73 | 88 | 93 | 73 | 90 | 125 | 129 | 83 | 88 | 76 | 77 | 70 | 76 | 76 | 72 | 69 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Operating Cycle, Competitors2 | ||||||||||||||||||||||||||||||
| Boeing Co. | 434 | 431 | 453 | 466 | 484 | 512 | 507 | 501 | 488 | 493 | 511 | 479 | 533 | 483 | 433 | 404 | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 201 | 207 | 211 | 201 | 210 | 212 | 215 | 208 | 211 | 212 | 221 | 211 | 199 | 189 | 183 | 174 | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 165 | 166 | 165 | 162 | 161 | 165 | 158 | 143 | 140 | 139 | 134 | 121 | 117 | 109 | 113 | 130 | — | — | — | — | — | — | — | |||||||
| GE Aerospace | 200 | 194 | 183 | 203 | 205 | 203 | 194 | 187 | 190 | 188 | 185 | 179 | 166 | 156 | 153 | 144 | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 176 | 177 | 174 | 167 | 166 | 172 | 163 | 152 | 153 | 150 | 150 | 150 | 152 | 146 | 145 | 141 | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 33 | 41 | 36 | 34 | 34 | 42 | 34 | 30 | 30 | 34 | 33 | 34 | 36 | 40 | 41 | 40 | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 134 | 129 | 130 | 123 | 124 | 129 | 120 | 120 | 120 | 118 | 128 | 131 | 136 | 129 | 149 | 134 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2023 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 43 + 34 = 77
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Builders FirstSource Inc. operating cycle deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Average Payables Payment Period
Builders FirstSource Inc., average payables payment period calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||
| Payables turnover | 10.92 | 11.36 | 14.53 | 18.65 | 14.02 | 12.10 | 9.46 | 12.84 | 12.70 | 8.10 | 7.22 | 10.55 | 8.85 | 9.88 | 9.86 | 12.14 | 10.69 | 10.63 | 12.10 | 13.71 | — | — | — | |||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||||
| Average payables payment period1 | 33 | 32 | 25 | 20 | 26 | 30 | 39 | 28 | 29 | 45 | 51 | 35 | 41 | 37 | 37 | 30 | 34 | 34 | 30 | 27 | — | — | — | |||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||||
| Average Payables Payment Period, Competitors2 | ||||||||||||||||||||||||||||||
| Boeing Co. | 59 | 58 | 57 | 59 | 57 | 59 | 54 | 57 | 59 | 67 | 74 | 74 | 86 | 77 | 78 | 79 | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 66 | 72 | 78 | 77 | 76 | 77 | 82 | 84 | 79 | 80 | 82 | 77 | 62 | 58 | 60 | 59 | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 82 | 81 | 80 | 81 | 79 | 82 | 78 | 77 | 71 | 70 | 65 | 58 | 51 | 45 | 46 | 54 | — | — | — | — | — | — | — | |||||||
| GE Aerospace | 112 | 107 | 102 | 123 | 116 | 116 | 110 | 110 | 109 | 109 | 103 | 100 | 78 | 73 | 80 | 83 | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 104 | 105 | 104 | 103 | 99 | 101 | 100 | 101 | 95 | 97 | 95 | 95 | 85 | 85 | 86 | 86 | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 24 | 22 | 21 | 13 | 17 | 15 | 17 | 5 | 10 | 10 | 12 | 6 | 10 | 10 | 22 | 9 | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 68 | 66 | 67 | 68 | 63 | 68 | 58 | 62 | 60 | 56 | 64 | 66 | 61 | 53 | 77 | 69 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2023 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 10.92 = 33
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Builders FirstSource Inc. number of days of payables outstanding increased from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |
Cash Conversion Cycle
Builders FirstSource Inc., cash conversion cycle calculation (quarterly data)
No. days
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||
| Average inventory processing period | 43 | 41 | 36 | 35 | 42 | 49 | 54 | 42 | 46 | 71 | 71 | 45 | 48 | 41 | 43 | 39 | 40 | 41 | 41 | 38 | — | — | — | |||||||
| Average receivable collection period | 34 | 32 | 25 | 23 | 31 | 39 | 39 | 31 | 44 | 54 | 58 | 38 | 40 | 35 | 34 | 31 | 36 | 35 | 31 | 31 | — | — | — | |||||||
| Average payables payment period | 33 | 32 | 25 | 20 | 26 | 30 | 39 | 28 | 29 | 45 | 51 | 35 | 41 | 37 | 37 | 30 | 34 | 34 | 30 | 27 | — | — | — | |||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||
| Cash conversion cycle1 | 44 | 41 | 36 | 38 | 47 | 58 | 54 | 45 | 61 | 80 | 78 | 48 | 47 | 39 | 40 | 40 | 42 | 42 | 42 | 42 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Cash Conversion Cycle, Competitors2 | ||||||||||||||||||||||||||||||
| Boeing Co. | 375 | 373 | 396 | 407 | 427 | 453 | 453 | 444 | 429 | 426 | 437 | 405 | 447 | 406 | 355 | 325 | — | — | — | — | — | — | — | |||||||
| Caterpillar Inc. | 135 | 135 | 133 | 124 | 134 | 135 | 133 | 124 | 132 | 132 | 139 | 134 | 137 | 131 | 123 | 115 | — | — | — | — | — | — | — | |||||||
| Eaton Corp. plc | 83 | 85 | 85 | 81 | 82 | 83 | 80 | 66 | 69 | 69 | 69 | 63 | 66 | 64 | 67 | 76 | — | — | — | — | — | — | — | |||||||
| GE Aerospace | 88 | 87 | 81 | 80 | 89 | 87 | 84 | 77 | 81 | 79 | 82 | 79 | 88 | 83 | 73 | 61 | — | — | — | — | — | — | — | |||||||
| Honeywell International Inc. | 72 | 72 | 70 | 64 | 67 | 71 | 63 | 51 | 58 | 53 | 55 | 55 | 67 | 61 | 59 | 55 | — | — | — | — | — | — | — | |||||||
| Lockheed Martin Corp. | 9 | 19 | 15 | 21 | 17 | 27 | 17 | 25 | 20 | 24 | 21 | 28 | 26 | 30 | 19 | 31 | — | — | — | — | — | — | — | |||||||
| RTX Corp. | 66 | 63 | 63 | 55 | 61 | 61 | 62 | 58 | 60 | 62 | 64 | 65 | 75 | 76 | 72 | 65 | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2023 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 43 + 34 – 33 = 44
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. | Builders FirstSource Inc. cash conversion cycle deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023. |