Brinks Company (BCO)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,011,900 | 4,874,600 | 4,535,500 | 4,200,200 | 3,690,900 |
| Total current assets | US$ in thousands | 2,887,900 | 2,788,300 | 2,272,700 | 1,788,500 | 1,622,000 |
| Total current liabilities | US$ in thousands | 1,898,400 | 1,944,100 | 1,315,900 | 1,088,500 | 985,200 |
| Working capital turnover | 5.07 | 5.77 | 4.74 | 6.00 | 5.80 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $5,011,900K ÷ ($2,887,900K – $1,898,400K)
= 5.07
The working capital turnover of Brinks Company has shown fluctuations over the past five years. In 2020, the working capital turnover was 5.80, indicating that the company was able to utilize its working capital effectively to generate revenue. The ratio increased slightly to 6.00 in 2021, suggesting an improvement in the efficiency of working capital management.
However, in 2022, there was a noticeable decline in the working capital turnover to 4.74, which may indicate challenges in effectively utilizing working capital to generate revenue. The ratio then rebounded in 2023 to 5.77, showing signs of recovery in working capital efficiency.
By the end of 2024, the working capital turnover decreased to 5.07, signaling a potential need for the company to further optimize its working capital management strategies. Overall, Brinks Company has demonstrated varying levels of efficiency in utilizing its working capital to generate sales over the past five years.
Peer comparison
Dec 31, 2024