Artivion Inc (AORT)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 388,537 | 354,004 | 313,789 | 298,836 | 253,227 |
| Total current assets | US$ in thousands | 290,080 | 280,668 | 247,334 | 247,697 | 234,589 |
| Total current liabilities | US$ in thousands | 66,823 | 57,862 | 49,675 | 44,953 | 60,468 |
| Working capital turnover | 1.74 | 1.59 | 1.59 | 1.47 | 1.45 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $388,537K ÷ ($290,080K – $66,823K)
= 1.74
The working capital turnover of Artivion Inc has shown a consistent increase over the years, from 1.45 in December 31, 2020, to 1.74 in December 31, 2024. This indicates that the company is becoming more efficient in utilizing its working capital to generate revenue. A higher working capital turnover ratio suggests that Artivion Inc is effectively managing its short-term assets and liabilities to support its operations and sales activities. This trend reflects positively on the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2024