Artivion Inc (AORT)

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 331,069 312,325 303,112 296,526 296,606 305,041 305,123 304,962 298,836 287,338 280,262 257,885 253,227 255,028 257,778 275,146 276,222 274,324 271,041 268,398
Total current assets US$ in thousands 280,668 267,109 263,898 240,681 247,334 237,989 240,428 244,533 247,697 257,343 238,054 235,683 234,589 233,699 287,121 214,082 187,390 181,354 188,557 178,652
Total current liabilities US$ in thousands 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 45,195 42,190 37,468 36,423
Working capital turnover 1.49 1.47 1.46 1.51 1.50 1.59 1.53 1.51 1.47 1.46 1.56 1.45 1.45 1.42 1.08 1.61 1.94 1.97 1.79 1.89

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $331,069K ÷ ($280,668K – $57,862K)
= 1.49

Artivion Inc's working capital turnover has shown some fluctuations over the past eight quarters. The company's working capital turnover ratio has ranged between 1.51 to 1.63 during this period. Generally, a higher working capital turnover ratio indicates that the company efficiently uses its working capital to generate sales revenue.

In the most recent quarter, Q4 2023, Artivion Inc's working capital turnover ratio was 1.59, which is slightly below the previous quarter's ratio of 1.60. Although the ratio has decreased slightly, it still remains within a relatively stable range.

Overall, Artivion Inc has maintained a fairly consistent level of efficiency in managing its working capital to support its sales activities. It is important for the company to continue monitoring and managing its working capital effectively to ensure optimal operational performance and financial health.


Peer comparison

Dec 31, 2023