Brunswick Corporation (BC)
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 | 5,237,100 | 5,444,100 | 5,764,400 | 6,022,800 | 6,401,400 | 6,622,200 | 6,726,800 | 6,860,100 | 6,812,200 | 6,660,500 | 6,389,500 | 6,108,700 | 5,846,200 | 5,576,300 | 5,382,200 | 4,815,200 | 4,347,500 | 4,104,000 | 3,847,500 | 4,023,200 |
| Total current assets | US$ in thousands | 2,113,800 | 2,348,000 | 2,728,100 | 2,807,200 | 2,509,700 | 2,441,300 | 2,672,800 | 2,678,400 | 2,695,200 | 2,595,000 | 2,685,400 | 2,791,200 | 2,124,600 | 2,942,000 | 1,988,000 | 1,835,700 | 1,670,500 | 1,681,200 | 1,714,100 | 1,869,800 |
| Total current liabilities | US$ in thousands | 636,200 | 1,194,100 | 1,608,100 | 1,673,800 | 1,752,100 | 1,659,200 | 1,394,000 | 1,438,600 | 1,489,900 | 1,379,300 | 1,347,700 | 1,328,200 | 1,442,200 | 1,256,300 | 1,251,300 | 1,129,000 | 1,079,200 | 949,600 | 1,054,600 | 1,286,200 |
| Working capital turnover | 3.54 | 4.72 | 5.15 | 5.31 | 8.45 | 8.47 | 5.26 | 5.53 | 5.65 | 5.48 | 4.78 | 4.18 | 8.57 | 3.31 | 7.31 | 6.81 | 7.35 | 5.61 | 5.83 | 6.89 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $5,237,100K ÷ ($2,113,800K – $636,200K)
= 3.54
The working capital turnover ratio for Brunswick Corporation has shown fluctuations over the time period provided. It is calculated by dividing net sales by average working capital. A higher turnover ratio indicates more efficient utilization of working capital in generating sales revenue.
From March 31, 2020, to December 31, 2020, the ratio increased steadily from 6.89 to 7.35, suggesting improved efficiency in managing working capital during this period. However, there was a slight decrease by the end of March 31, 2021, which might indicate some challenges in maintaining the efficiency achieved.
There was a significant increase in the turnover ratio by December 31, 2021, reaching 8.57, indicating a notable improvement in working capital efficiency. Subsequently, the ratio decreased by March 31, 2022, but remained relatively stable in the following quarters.
A notable drop in the working capital turnover ratio was observed by September 30, 2021, where it reached 3.31. This sudden decline may suggest issues in managing working capital efficiently during that period.
The ratio fluctuated around the range of 4.18 to 5.65 from March 31, 2022, to December 31, 2024, indicating some volatility in the efficiency of working capital turnover during those quarters.
Overall, while there have been fluctuations in Brunswick Corporation's working capital turnover ratio over the period analyzed, it is important to assess the company's overall trend in managing working capital efficiently to support its operations and growth.
Peer comparison
Dec 31, 2024