BWX Technologies Inc (BWXT)
Working capital turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 2,284,126 | 2,260,889 | 2,189,248 | 2,166,631 |
| Total current assets | US$ in thousands | 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 | 629,755 | 621,450 | 587,380 | 577,564 |
| Total current liabilities | US$ in thousands | 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 | 404,709 | 333,740 | 315,392 | 325,760 |
| Working capital turnover | 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 | 10.15 | 7.86 | 8.05 | 8.60 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,461,109K ÷ ($817,801K – $375,046K)
= 5.56
The working capital turnover for BWX Technologies Inc has been fluctuating over the past eight quarters, ranging from a low of 4.51 in Q1 2023 to a high of 5.64 in Q4 2023. This ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue.
A higher working capital turnover ratio suggests that the company is effectively managing its working capital to support its operations and generate revenue. On the other hand, a lower ratio may indicate that the company is holding excess working capital that is not being efficiently utilized.
Overall, BWX Technologies Inc has shown relatively strong working capital turnover ratios, with an average of around 5 over the past eight quarters. This suggests that the company is efficiently utilizing its working capital to support its operations and generate revenue. However, further analysis would be needed to fully understand the company's working capital management practices and their impact on its financial performance.
Peer comparison
Dec 31, 2023