Astec Industries Inc (ASTE)
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 | 1,305,100 | 1,283,300 | 1,295,000 | 1,299,500 | 1,338,200 | 1,350,900 | 1,363,000 | 1,331,200 | 1,274,500 | 1,192,400 | 1,144,200 | 1,104,000 | 1,097,200 | 1,068,300 | 1,032,700 | 1,020,000 | 1,024,400 | 1,068,724 | 1,093,131 | 1,132,633 |
| Total current assets | US$ in thousands | 722,800 | 740,100 | 775,000 | 774,900 | 719,500 | 746,300 | 675,900 | 680,400 | 696,400 | 649,600 | 661,500 | 675,700 | 641,700 | 644,800 | 634,500 | 592,000 | 565,800 | 533,200 | 530,400 | 534,200 |
| Total current liabilities | US$ in thousands | 271,700 | 299,200 | 311,200 | 310,400 | 299,000 | 282,200 | 264,100 | 272,000 | 274,000 | 283,900 | 273,400 | 256,500 | 225,300 | 212,000 | 207,800 | 185,100 | 170,300 | 161,200 | 144,000 | 168,900 |
| Working capital turnover | 2.89 | 2.91 | 2.79 | 2.80 | 3.18 | 2.91 | 3.31 | 3.26 | 3.02 | 3.26 | 2.95 | 2.63 | 2.63 | 2.47 | 2.42 | 2.51 | 2.59 | 2.87 | 2.83 | 3.10 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,305,100K ÷ ($722,800K – $271,700K)
= 2.89
The working capital turnover ratio for Astec Industries Inc has shown fluctuations over the periods provided. The ratio measures the efficiency of the company in utilizing its working capital to generate sales revenue.
From March 31, 2020, to December 31, 2020, the ratio decreased from 3.10 to 2.59, indicating a decline in the company's ability to generate sales relative to its working capital. However, from March 31, 2021, to June 30, 2022, the ratio continued to decrease steadily. This could suggest potential inefficiencies in the management of working capital during this period.
From September 30, 2022, the ratio started to improve, indicating that the company was becoming more efficient in utilizing its working capital to generate sales revenue. The ratio peaked at 3.31 on June 30, 2023, before fluctuating slightly in the subsequent periods.
In summary, the working capital turnover for Astec Industries Inc has shown varying trends, with periods of improvement and decline. Investors and stakeholders may want to further investigate the factors influencing these fluctuations to assess the company's overall operational efficiency and financial health.
Peer comparison
Dec 31, 2024