Boise Cascad Llc (BCC)
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 | 6,812,980 | 6,797,160 | 7,116,260 | 7,578,370 | 8,360,740 | 8,514,380 | 8,240,730 | 8,406,320 | 7,901,650 | 7,597,790 | 7,293,450 | 6,093,030 | 5,440,690 | 5,070,190 | 4,771,050 | 4,764,580 | 4,643,400 | 4,607,500 | 4,676,500 | 4,854,500 |
| Total current assets | US$ in thousands | 2,056,810 | 2,466,240 | 2,298,640 | 2,191,720 | 2,064,050 | 2,181,440 | 2,448,460 | 2,422,900 | 1,885,880 | 1,937,990 | 2,007,430 | 1,632,860 | 1,308,860 | 1,413,520 | 1,193,140 | 1,105,390 | 1,022,760 | 1,125,130 | 1,073,270 | 1,032,970 |
| Total current liabilities | US$ in thousands | 594,116 | 694,724 | 667,344 | 580,148 | 545,828 | 739,463 | 769,077 | 880,163 | 640,746 | 700,295 | 854,257 | 696,514 | 524,002 | 676,388 | 485,287 | 438,936 | 384,992 | 444,750 | 424,106 | 406,890 |
| Working capital turnover | 4.66 | 3.84 | 4.36 | 4.70 | 5.51 | 5.90 | 4.91 | 5.45 | 6.35 | 6.14 | 6.32 | 6.51 | 6.93 | 6.88 | 6.74 | 7.15 | 7.28 | 6.77 | 7.20 | 7.75 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $6,812,980K ÷ ($2,056,810K – $594,116K)
= 4.66
Boise Cascade Co's working capital turnover has been fluctuating over the past eight quarters. The working capital turnover ratio indicates how efficiently the company is using its working capital to generate sales revenue.
In Q4 2023, the working capital turnover ratio was 4.68, which was higher compared to the previous quarter Q3 2023 (3.85). This suggests an improvement in the efficiency of utilizing working capital to generate revenue.
However, the Q4 2023 working capital turnover ratio was lower than the ratios in Q4 2022 (5.52) and Q3 2022 (5.92), indicating a decrease in efficiency compared to the same quarters in the previous year.
Overall, the company's working capital turnover has shown some variability, with fluctuations in its efficiency in utilizing working capital to generate sales revenue. It is important for Boise Cascade Co to monitor and potentially improve its working capital management practices to maintain or enhance its operational efficiency.
Peer comparison
Dec 31, 2023