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