Amphastar P (AMPH)

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 731,967 723,549 712,891 676,209 644,395 601,313 540,886 518,641 498,987 484,851 476,920 455,116 437,768 412,802 384,035 368,178 349,846 337,308 334,014 327,255
Total current assets US$ in thousands 534,071 545,949 482,645 555,078 489,600 543,005 384,554 407,670 378,319 384,222 377,145 364,415 318,119 303,671 310,973 300,164 279,682 276,541 266,821 246,724
Total current liabilities US$ in thousands 173,759 159,010 136,971 255,169 225,407 257,963 251,285 105,635 94,862 102,190 103,634 114,364 103,810 97,989 124,549 127,096 112,201 96,717 93,286 83,371
Working capital turnover 2.03 1.87 2.06 2.25 2.44 2.11 4.06 1.72 1.76 1.72 1.74 1.82 2.04 2.01 2.06 2.13 2.09 1.88 1.92 2.00

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $731,967K ÷ ($534,071K – $173,759K)
= 2.03

The working capital turnover ratio of Amphastar P has exhibited fluctuations over the analyzed period. From March 31, 2020, to December 31, 2022, the ratio ranged between 1.72 and 2.13, reflecting variability in the efficiency of utilizing working capital to generate revenue. The ratio peaked at 4.06 on June 30, 2023, indicating a significant improvement in working capital efficiency during that period. However, the ratio decreased thereafter, suggesting a potential decline in the company's ability to efficiently convert working capital into sales.

Overall, the working capital turnover trend of Amphastar P demonstrates some efficiency in managing its working capital during certain periods, while also indicating some inconsistency and potential challenges in maintaining optimal levels of working capital turnover. Further analysis and comparison with industry benchmarks may provide deeper insights into the company's working capital management practices.