Arlo Technologies (ARLO)
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 | 510,886 | 524,407 | 516,743 | 504,372 | 491,176 | 474,610 | 472,764 | 476,667 | 490,414 | 514,748 | 497,740 | 477,332 | 435,137 | 407,112 | 406,199 | 374,260 | 357,154 | 364,731 | 360,611 | 377,577 |
| Total current assets | US$ in thousands | 262,606 | 279,540 | 263,231 | 255,931 | 250,535 | 260,958 | 232,749 | 218,847 | 232,782 | 291,093 | 257,354 | 269,648 | 303,622 | 288,097 | 285,595 | 291,911 | 356,548 | 329,397 | 327,682 | 341,554 |
| Total current liabilities | US$ in thousands | 176,762 | 197,274 | 177,613 | 170,372 | 161,451 | 186,156 | 167,077 | 149,422 | 162,278 | 211,113 | 173,231 | 176,503 | 210,929 | 194,723 | 188,355 | 179,430 | 237,346 | 211,752 | 200,103 | 190,545 |
| Working capital turnover | 5.95 | 6.37 | 6.04 | 5.90 | 5.51 | 6.34 | 7.20 | 6.87 | 6.96 | 6.44 | 5.92 | 5.12 | 4.69 | 4.36 | 4.18 | 3.33 | 3.00 | 3.10 | 2.83 | 2.50 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $510,886K ÷ ($262,606K – $176,762K)
= 5.95
Arlo Technologies' working capital turnover has been steadily increasing from 2.50 in March 2020 to 5.95 in December 2024. This indicates that the company is efficient in utilizing its working capital to generate sales revenue. A higher working capital turnover ratio suggests that the company is effectively managing its working capital to support its sales growth. Arlo Technologies' improving working capital turnover over time reflects its ability to efficiently use its current assets and liabilities to drive operational performance. The consistent upward trend in the working capital turnover ratio indicates a positive aspect of Arlo Technologies' financial management and efficiency in its operations.
Peer comparison
Dec 31, 2024