Advanced Energy Industries Inc (AEIS)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,482,042 | 1,471,910 | 1,507,684 | 1,558,245 | 1,655,810 | 1,741,279 | 1,847,562 | 1,873,003 | 1,845,422 | 1,751,612 | 1,581,431 | 1,501,793 | 1,455,954 | 1,429,993 | 1,473,421 | 1,451,990 | 1,415,826 | 1,383,125 | 1,168,731 | 963,661 |
| Total current assets | US$ in thousands | 1,389,320 | 1,345,710 | 1,677,840 | 1,671,620 | 1,711,890 | 1,673,470 | 1,153,200 | 1,210,310 | 1,188,510 | 1,181,780 | 1,087,520 | 1,174,480 | 1,162,230 | 1,164,360 | 1,103,990 | 1,040,080 | 981,223 | 978,476 | 929,682 | 861,225 |
| Total current liabilities | US$ in thousands | 314,222 | 291,508 | 306,837 | 297,992 | 335,848 | 314,812 | 303,430 | 384,260 | 393,043 | 432,955 | 389,021 | 363,395 | 370,217 | 387,288 | 377,396 | 326,873 | 297,371 | 336,520 | 342,870 | 303,774 |
| Working capital turnover | 1.38 | 1.40 | 1.10 | 1.13 | 1.20 | 1.28 | 2.17 | 2.27 | 2.32 | 2.34 | 2.26 | 1.85 | 1.84 | 1.84 | 2.03 | 2.04 | 2.07 | 2.15 | 1.99 | 1.73 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,482,042K ÷ ($1,389,320K – $314,222K)
= 1.38
The working capital turnover of Advanced Energy Industries Inc has exhibited fluctuations over the reviewed periods. The ratio increased steadily from March 31, 2020, to June 30, 2022, peaking at 2.34 before decreasing slightly to 2.17 by June 30, 2023. Subsequently, there was a notable decline in the ratio to 1.20 by December 31, 2023, and further to 1.10 by June 30, 2024. The ratio saw a marginal upturn to 1.40 by September 30, 2024.
These fluctuations in the working capital turnover ratio indicate variations in how efficiently the company is utilizing its working capital to generate sales during the respective periods. It is essential for the management of Advanced Energy Industries Inc to closely monitor and manage its working capital turnover to ensure optimal operational efficiency and financial performance.
Peer comparison
Dec 31, 2024