BWX Technologies Inc (BWXT)
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 | 2,694,059 | 2,673,307 | 2,579,165 | 2,497,939 | 2,461,109 | 2,359,771 | 2,296,043 | 2,241,705 | 2,207,851 | 2,175,649 | 2,148,807 | 2,097,802 | 2,095,349 | 2,060,284 | 2,085,217 | 2,086,976 | 2,099,983 | 2,044,308 | 2,029,279 | 1,994,162 |
| Total current assets | US$ in thousands | 929,997 | 982,949 | 909,843 | 864,663 | 817,801 | 877,881 | 839,201 | 851,729 | 771,619 | 849,704 | 852,660 | 792,405 | 773,732 | 813,823 | 922,652 | 759,239 | 773,598 | 709,600 | 623,973 | 687,040 |
| Total current liabilities | US$ in thousands | 474,201 | 437,466 | 408,580 | 386,825 | 375,046 | 351,169 | 348,061 | 348,857 | 367,860 | 406,797 | 409,367 | 408,644 | 459,615 | 397,793 | 801,643 | 403,977 | 529,727 | 382,551 | 375,335 | 343,158 |
| Working capital turnover | 5.91 | 4.90 | 5.15 | 5.23 | 5.56 | 4.48 | 4.67 | 4.46 | 5.47 | 4.91 | 4.85 | 5.47 | 6.67 | 4.95 | 17.23 | 5.87 | 8.61 | 6.25 | 8.16 | 5.80 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,694,059K ÷ ($929,997K – $474,201K)
= 5.91
The working capital turnover ratio is a measure of a company's efficiency in utilizing its working capital to generate sales revenue. It is calculated by dividing net sales by average working capital. A high working capital turnover ratio indicates that the company is efficiently managing its working capital to generate sales.
Analyzing the working capital turnover for BWX Technologies Inc based on the provided data, we observe fluctuations in the ratio over the period. The ratio ranged from a low of 4.46 on March 31, 2023, to a high of 17.23 on June 30, 2021.
The company experienced a significant increase in efficiency in utilizing its working capital between June 30, 2021, and December 31, 2021, as the ratio jumped from 17.23 to 6.67. This suggests that BWX Technologies Inc effectively managed its working capital to generate sales during that period.
However, there were certain quarters where the working capital turnover ratio decreased, indicating potential inefficiencies in working capital management. For example, the ratio decreased from 5.91 on December 31, 2024, to 4.46 on March 31, 2023.
Overall, BWX Technologies Inc's working capital turnover ratio has shown variability over the analyzed period, with some quarters reflecting strong efficiency in converting working capital into sales while others showing room for improvement in working capital management practices. Monitoring this ratio can provide insights into the company's liquidity management and operational efficiency.
Peer comparison
Dec 31, 2024