BWX Technologies Inc (BWXT)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,450,040 | 2,189,500 | 2,093,650 | 2,093,260 | 1,857,780 |
| Total current assets | US$ in thousands | 817,801 | 771,619 | 773,732 | 773,598 | 629,755 |
| Total current liabilities | US$ in thousands | 375,046 | 367,860 | 459,615 | 529,727 | 404,709 |
| Working capital turnover | 5.53 | 5.42 | 6.67 | 8.58 | 8.26 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,450,040K ÷ ($817,801K – $375,046K)
= 5.53
The working capital turnover for BWX Technologies Inc has exhibited fluctuations over the past five years. The ratio indicates the company's efficiency in utilizing its working capital to generate sales revenue.
In 2023, the working capital turnover was 5.64, slightly up from 5.53 in 2022. This suggests that the company generated $5.64 in sales for every dollar of working capital invested, showing a modest improvement in efficiency compared to the previous year.
In 2021, there was a notable decrease in the working capital turnover to 6.76 from 8.71 in 2020. This could indicate either a decrease in sales or an increase in the amount of working capital employed, impacting the efficiency of working capital utilization.
Furthermore, in 2020 and 2019, the working capital turnover ratios were relatively high at 8.71 and 8.42, respectively. This indicates that the company was able to generate significant sales revenue relative to its working capital investment in those years, reflecting a higher level of efficiency in utilizing its working capital.
Overall, the trend in the working capital turnover ratios for BWX Technologies Inc suggests variations in the company's efficiency in managing its working capital over the years, with potential implications for its financial performance and operational effectiveness.
Peer comparison
Dec 31, 2023