Artivion Inc (AORT)

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	388,537	384,899	376,974	368,206	354,004	339,732	328,716	319,805	313,789	313,785	309,154	304,962	298,836	287,338	280,262	257,885	253,227	255,028	257,778	275,146
Total current assets	US$ in thousands	290,080	287,958	234,288	226,634	230,864	267,109	263,898	240,681	247,334	237,989	240,428	244,533	247,697	257,343	238,054	235,683	234,589	233,699	287,121	214,082
Total current liabilities	US$ in thousands	66,823	152,838	50,582	45,830	57,862	54,959	56,230	43,961	49,675	45,992	41,646	42,837	44,953	61,130	58,944	58,018	60,468	53,667	48,933	43,685
Working capital turnover		1.74	2.85	2.05	2.04	2.05	1.60	1.58	1.63	1.59	1.63	1.56	1.51	1.47	1.46	1.56	1.45	1.45	1.42	1.08	1.61

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $388,537K ÷ ($290,080K – $66,823K)
= 1.74

Artivion Inc's working capital turnover has shown fluctuations over the reporting periods provided. The working capital turnover ratio measures how efficiently a company is able to generate sales revenue from its working capital.

From March 31, 2020, to June 30, 2020, there was a decrease in the working capital turnover ratio from 1.61 to 1.08, indicating a decline in the company's ability to efficiently utilize its working capital to generate sales.

Subsequently, the ratio improved to 1.56 by June 30, 2021, showing an increase in efficiency. However, the ratio fluctuated over the following periods until reaching 2.85 on September 30, 2024, indicating a significant improvement in the company's ability to generate sales revenue from its working capital.

Overall, Artivion Inc's working capital turnover ratio has shown varying levels of efficiency over the analyzed periods. It is important for the company to monitor and manage its working capital effectively to ensure optimal utilization and performance in generating sales revenue.