American Axle & Manufacturing (AXL)
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 | 6,124,900 | 6,207,100 | 6,254,100 | 6,192,500 | 6,079,500 | 6,009,200 | 5,992,500 | 5,860,100 | 5,802,400 | 5,644,800 | 5,322,700 | 5,167,700 | 5,156,600 | 5,359,400 | 5,560,400 | 4,792,400 | 4,710,800 | 4,702,900 | 4,966,200 | 6,155,200 |
Total current assets | US$ in thousands | 1,914,800 | 2,135,500 | 2,105,400 | 2,093,200 | 2,006,600 | 2,139,200 | 2,109,600 | 2,004,500 | 1,993,400 | 2,055,500 | 2,055,800 | 2,040,900 | 1,856,000 | 1,822,000 | 1,950,500 | 1,982,400 | 1,877,000 | 1,912,600 | 1,961,500 | 2,043,100 |
Total current liabilities | US$ in thousands | 1,175,200 | 1,294,200 | 1,255,100 | 1,235,600 | 1,201,600 | 1,248,700 | 1,233,600 | 1,198,000 | 1,199,300 | 1,214,300 | 1,213,700 | 1,153,700 | 1,039,900 | 1,003,200 | 1,152,100 | 1,042,100 | 979,300 | 1,024,300 | 1,260,300 | 1,218,700 |
Working capital turnover | 8.28 | 7.38 | 7.36 | 7.22 | 7.55 | 6.75 | 6.84 | 7.27 | 7.31 | 6.71 | 6.32 | 5.82 | 6.32 | 6.55 | 6.96 | 5.10 | 5.25 | 5.29 | 7.08 | 7.47 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $6,124,900K ÷ ($1,914,800K – $1,175,200K)
= 8.28
The working capital turnover ratio for American Axle & Manufacturing has fluctuated over the period of observation. It started at 7.47 on March 31, 2020, reaching its peak at 8.28 on December 31, 2024. The ratio indicates that American Axle & Manufacturing has been able to efficiently utilize its working capital to generate revenue, with a higher ratio suggesting better efficiency in utilizing current assets and liabilities to support sales. Despite some fluctuations, the company has generally maintained a healthy working capital turnover ratio, reflecting its ability to effectively manage its working capital and operate efficiently.
Peer comparison
Dec 31, 2024