Barnes Group Inc (B)
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 | 1,388,400 | 1,310,221 | 1,283,412 | 1,268,883 | 1,247,596 | 1,245,431 | 1,255,076 | 1,253,816 | 1,242,736 | 1,218,830 | 1,163,156 | 1,078,112 | 1,106,845 | 1,182,161 | 1,284,046 | 1,418,677 | 1,840,387 | 1,865,810 | 2,234,107 | 2,614,334 |
| Total current assets | US$ in thousands | 906,720 | 903,413 | 766,917 | 754,150 | 732,304 | 682,074 | 690,423 | 686,512 | 680,209 | 672,057 | 664,669 | 648,403 | 642,345 | 648,715 | 665,522 | 756,591 | 764,390 | 772,406 | 794,324 | 797,421 |
| Total current liabilities | US$ in thousands | 396,610 | 380,589 | 334,756 | 312,996 | 305,073 | 283,722 | 284,862 | 282,348 | 310,394 | 307,556 | 307,433 | 297,591 | 295,379 | 317,217 | 333,948 | 351,569 | 342,875 | 347,004 | 373,646 | 369,031 |
| Working capital turnover | 2.72 | 2.51 | 2.97 | 2.88 | 2.92 | 3.13 | 3.09 | 3.10 | 3.36 | 3.34 | 3.26 | 3.07 | 3.19 | 3.57 | 3.87 | 3.50 | 4.37 | 4.39 | 5.31 | 6.10 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,388,400K ÷ ($906,720K – $396,610K)
= 2.72
Barnes Group Inc.'s working capital turnover has shown fluctuation over the past eight quarters. The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales revenue.
In Q2 2023, the working capital turnover ratio was at its highest point, indicating that Barnes Group Inc. generated $3.01 in sales revenue for every dollar of working capital during that period. This suggests efficient management of working capital to support sales activities.
However, in Q3 2023, the ratio decreased to 2.58, indicating a decrease in the efficiency of working capital utilization compared to the previous quarter. This reduction may imply that the company's ability to generate sales from its working capital has slightly declined.
Overall, Barnes Group Inc. has historically maintained a relatively stable working capital turnover ratio, with fluctuations observed in the short term. Further analysis of the company's working capital management practices and sales strategies could provide insights into the factors influencing these fluctuations.
Peer comparison
Dec 31, 2023