Albany International Corporation (AIN)
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 | 1,230,615 | 1,267,294 | 1,250,014 | 1,192,143 | 1,147,909 | 1,093,111 | 1,072,568 | 1,059,814 | 1,034,887 | 1,006,019 | 977,898 | 951,048 | 929,241 | 916,180 | 895,737 | 887,208 | 900,610 | 931,431 | 990,565 | 1,038,524 |
| Total current assets | US$ in thousands | 730,692 | 804,311 | 806,451 | 845,172 | 877,964 | 856,374 | 903,800 | 889,455 | 838,439 | 808,714 | 835,099 | 788,580 | 758,801 | 751,924 | 717,482 | 704,394 | 717,276 | 680,635 | 650,480 | 659,514 |
| Total current liabilities | US$ in thousands | 226,366 | 218,721 | 224,636 | 211,990 | 248,679 | 242,797 | 181,115 | 184,691 | 211,316 | 189,537 | 188,160 | 178,067 | 208,166 | 181,501 | 175,588 | 166,962 | 190,863 | 178,909 | 177,202 | 175,621 |
| Working capital turnover | 2.44 | 2.16 | 2.15 | 1.88 | 1.82 | 1.78 | 1.48 | 1.50 | 1.65 | 1.62 | 1.51 | 1.56 | 1.69 | 1.61 | 1.65 | 1.65 | 1.71 | 1.86 | 2.09 | 2.15 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,230,615K ÷ ($730,692K – $226,366K)
= 2.44
Albany International Corporation's working capital turnover has shown fluctuations over the past few years. The ratio decreased from 2.15 in March 2020 to 1.48 in June 2023, indicating a decrease in the company's efficiency in utilizing its working capital to generate sales. However, there was a notable increase in the ratio from June 2023 to December 2024, reaching a peak of 2.44. This improvement suggests better management of working capital and potentially more effective sales generation.
Overall, the working capital turnover ratio for Albany International Corporation has displayed variability, with some periods of decline followed by periods of improvement. It is essential for the company to maintain a balance between efficient utilization of working capital and generating sales to ensure sustainable growth and profitability.