BWX Technologies Inc (BWXT)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,700,960 | 2,450,040 | 2,189,500 | 2,093,650 | 2,093,260 |
| Total current assets | US$ in thousands | 929,997 | 817,801 | 771,619 | 773,732 | 773,598 |
| Total current liabilities | US$ in thousands | 474,201 | 375,046 | 367,860 | 459,615 | 529,727 |
| Working capital turnover | 5.93 | 5.53 | 5.42 | 6.67 | 8.58 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,700,960K ÷ ($929,997K – $474,201K)
= 5.93
The working capital turnover ratio for BWX Technologies Inc has been gradually decreasing over the past five years. In 2020, the ratio stood at 8.58, indicating that the company was able to efficiently generate revenue from its working capital. However, this ratio decreased to 6.67 in 2021, 5.42 in 2022, 5.53 in 2023, and 5.93 in 2024.
A decreasing trend in the working capital turnover ratio may suggest that the company is becoming less efficient in utilizing its working capital to generate sales revenue. It could indicate that the company is struggling to efficiently manage its current assets and liabilities to support its operations and revenue generation.
Overall, the declining trend in the working capital turnover ratio for BWX Technologies Inc warrants further investigation into the company's working capital management practices and overall operational efficiency.
Peer comparison
Dec 31, 2024