The Andersons Inc (ANDE)
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 | 11,257,550 | 11,347,410 | 12,362,110 | 13,587,090 | 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 |
| Total current assets | US$ in thousands | 2,850,280 | 2,331,070 | 2,249,300 | 2,213,910 | 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 |
| Total current liabilities | US$ in thousands | 1,731,170 | 1,177,870 | 1,084,730 | 1,083,280 | 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 |
| Working capital turnover | 10.06 | 9.84 | 10.62 | 12.02 | 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 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $11,257,550K ÷ ($2,850,280K – $1,731,170K)
= 10.06
The working capital turnover of The Andersons Inc has shown some fluctuations over the past few years, as indicated by the data provided. The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate revenue. A higher ratio suggests better efficiency in using working capital.
From March 31, 2020, to June 30, 2024, the working capital turnover ratio fluctuated between a high of 18.80 and a low of 9.84. The ratio peaked in June 30, 2021, at 18.80, indicating that the company effectively utilized its working capital to generate revenue during that period. Conversely, the lowest ratio of 9.84 was recorded on September 30, 2024, which may suggest a lower efficiency in using working capital to generate revenue.
Overall, analyzing the trends in The Andersons Inc's working capital turnover ratios can provide insights into the company's operational efficiency and effectiveness in managing its working capital resources over time. Further investigation into the reasons behind the fluctuations in the ratios may be necessary to assess the company's financial health and performance.
Peer comparison
Dec 31, 2024