Api Group Corp (APG)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,018,000 | 6,928,000 | 6,558,000 | 3,940,000 | 3,587,000 |
| Total current assets | US$ in thousands | 2,658,000 | 2,582,000 | 2,652,000 | 2,626,000 | 1,437,000 |
| Total current liabilities | US$ in thousands | 1,885,000 | 1,807,000 | 1,921,000 | 867,000 | 841,000 |
| Working capital turnover | 9.08 | 8.94 | 8.97 | 2.24 | 6.02 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $7,018,000K ÷ ($2,658,000K – $1,885,000K)
= 9.08
The working capital turnover ratio for Api Group Corp from December 31, 2020 to December 31, 2024 demonstrates notable fluctuations and an overall upward trajectory in recent years. Specifically, the ratio was 6.02 in 2020, indicating a moderate efficiency in utilizing working capital to generate sales. In 2021, the ratio declined significantly to 2.24, suggesting a decrease in the company's efficiency or possible expansion of working capital relative to sales.
However, the ratio experienced a substantial recovery in 2022, rising to 8.97, which signifies an improved efficiency in the use of working capital to support sales activities. This upward trend continued into 2023, with the ratio slightly increasing to 8.94, and further into 2024, reaching 9.08. This consistent increase points to a potential improvement in operational efficiency, better management of working capital, or a strategic alignment that allows the company to generate higher sales relative to its working capital base.
Overall, after a dip in 2021, Api Group Corp's working capital turnover ratio has exhibited a strong recovery and stabilization from 2022 onward, indicating that the company may have optimized its working capital management or experienced periods of increased sales efficiency during this period.
Peer comparison
Dec 31, 2024