The Andersons Inc (ANDE)
Working capital turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 14,750,110 | 16,214,600 | 16,798,230 | 17,228,670 | 17,325,380 | 16,430,590 | 15,210,090 | 13,995,270 | 12,612,040 | 11,337,640 | 10,224,410 | 8,843,350 | 8,064,620 | 7,441,920 | 7,539,090 | 8,009,390 | 8,170,190 | 7,097,252 | 5,800,071 | 4,386,433 |
| Total current assets | US$ in thousands | 2,806,960 | 2,527,100 | 2,537,260 | 3,050,470 | 3,465,950 | 3,265,230 | 3,572,880 | 3,940,700 | 3,372,330 | 2,498,390 | 2,234,300 | 2,436,890 | 2,416,410 | 1,540,250 | 1,398,190 | 1,821,880 | 1,945,340 | 1,488,780 | 1,768,630 | 1,886,610 |
| Total current liabilities | US$ in thousands | 1,636,330 | 1,407,630 | 1,393,240 | 2,112,310 | 2,521,320 | 2,320,510 | 2,577,580 | 3,062,770 | 2,463,930 | 1,723,160 | 1,690,560 | 1,918,120 | 1,931,680 | 1,096,540 | 926,782 | 1,385,490 | 1,439,920 | 1,065,480 | 1,304,570 | 1,446,340 |
| Working capital turnover | 12.60 | 14.48 | 14.68 | 18.36 | 18.34 | 17.39 | 15.28 | 15.94 | 13.88 | 14.62 | 18.80 | 17.05 | 16.64 | 16.77 | 15.99 | 18.35 | 16.17 | 16.77 | 12.50 | 9.96 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $14,750,110K ÷ ($2,806,960K – $1,636,330K)
= 12.60
The working capital turnover of Andersons Inc. has exhibited variability over the past eight quarters, ranging from a low of 12.60 to a high of 18.36. The trend shows an overall increasing pattern from Q4 2022 to Q1 2023, with fluctuations observed in between.
A high working capital turnover ratio suggests that the company is effectively utilizing its working capital to generate sales revenue. This indicates efficiency in managing its current assets and liabilities to support business operations. Conversely, a lower ratio may imply inefficiencies in managing working capital.
It is important to note that factors such as industry norms, business cycles, and specific company strategies can impact the interpretation of the working capital turnover ratio. Continuous monitoring and comparison with industry benchmarks can provide valuable insights into Andersons Inc.'s operational efficiency and financial performance.
Peer comparison
Dec 31, 2023