Boise Cascad Llc (BCC)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,813,040 | 8,360,740 | 7,901,580 | 5,435,140 | 4,643,400 |
| Total current assets | US$ in thousands | 2,056,810 | 2,064,050 | 1,885,880 | 1,308,860 | 1,022,760 |
| Total current liabilities | US$ in thousands | 594,116 | 545,828 | 640,746 | 524,002 | 384,992 |
| Working capital turnover | 4.66 | 5.51 | 6.35 | 6.92 | 7.28 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $6,813,040K ÷ ($2,056,810K – $594,116K)
= 4.66
Boise Cascade Co's working capital turnover has shown a declining trend over the past five years, decreasing from 7.28 in 2019 to 4.68 in 2023. This indicates that the company is generating less revenue relative to its working capital in recent years. A lower turnover ratio may suggest inefficiencies in managing working capital, such as excess inventory or slow collection of receivables, which could tie up resources and hinder cash flow. Further analysis and comparison with industry benchmarks are recommended to better understand the implications of this trend on the company's financial performance and operational efficiency.
Peer comparison
Dec 31, 2023