Brinks Company (BCO)
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 | 5,011,900 | 4,993,300 | 4,962,200 | 4,925,300 | 4,874,600 | 4,819,900 | 4,729,200 | 4,646,900 | 4,535,500 | 4,442,800 | 4,381,600 | 4,296,500 | 4,200,200 | 4,123,600 | 4,018,600 | 3,795,800 | 3,690,900 | 3,605,100 | 3,563,000 | 3,651,000 |
| Total current assets | US$ in thousands | 2,887,900 | 2,836,500 | 2,818,900 | 2,905,100 | 2,788,300 | 2,462,400 | 2,174,600 | 2,095,300 | 2,272,700 | 2,446,700 | 2,222,300 | 2,083,900 | 1,788,500 | 1,750,700 | 1,889,500 | 1,561,600 | 1,622,000 | 1,704,900 | 1,675,100 | 1,155,400 |
| Total current liabilities | US$ in thousands | 1,898,400 | 1,802,200 | 1,793,400 | 1,991,500 | 1,944,100 | 1,624,600 | 1,180,900 | 1,234,400 | 1,315,900 | 1,347,900 | 1,371,800 | 1,364,500 | 1,088,500 | 1,092,000 | 1,330,800 | 972,700 | 985,200 | 1,166,400 | 1,072,700 | 716,100 |
| Working capital turnover | 5.07 | 4.83 | 4.84 | 5.39 | 5.77 | 5.75 | 4.76 | 5.40 | 4.74 | 4.04 | 5.15 | 5.97 | 6.00 | 6.26 | 7.19 | 6.45 | 5.80 | 6.69 | 5.91 | 8.31 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (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 some fluctuations over the periods provided in the data. The working capital turnover ratio indicates how efficiently the company is utilizing its working capital to generate revenue.
From March 31, 2020, to June 30, 2020, the working capital turnover decreased from 8.31 to 5.91, indicating a decline in the efficiency of working capital utilization. Subsequently, the ratio increased to 7.19 by June 30, 2021, which suggests an improvement in working capital efficiency.
However, from thereon, the ratio fluctuated within the range of 4.04 to 6.45 until December 31, 2024. These fluctuations might indicate changes in the company's operations, management of working capital components like inventory, receivables, and payables, or overall revenue generation.
It is important for Brinks Company to analyze the reasons behind these fluctuations to ensure optimal utilization of working capital resources and improve the efficiency of its operations.
Peer comparison
Dec 31, 2024