Calix Inc (CALX)
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 | 831,518 | 890,128 | 953,018 | 1,015,895 | 1,039,593 | 1,019,362 | 991,861 | 932,887 | 867,827 | 799,743 | 735,640 | 702,268 | 679,394 | 673,001 | 651,278 | 601,631 | 541,239 | 491,404 | 455,381 | 436,662 |
| Total current assets | US$ in thousands | 584,735 | 585,018 | 570,158 | 578,785 | 597,956 | 587,625 | 599,284 | 576,074 | 547,370 | 535,176 | 460,842 | 440,222 | 409,245 | 374,759 | 350,598 | 309,769 | 266,890 | 224,843 | 158,069 | 155,715 |
| Total current liabilities | US$ in thousands | 131,143 | 129,906 | 133,140 | 146,079 | 187,642 | 139,156 | 162,447 | 160,711 | 165,422 | 180,506 | 131,244 | 141,578 | 128,136 | 117,001 | 117,549 | 109,382 | 101,040 | 92,654 | 117,247 | 128,351 |
| Working capital turnover | 1.83 | 1.96 | 2.18 | 2.35 | 2.53 | 2.27 | 2.27 | 2.25 | 2.27 | 2.25 | 2.23 | 2.35 | 2.42 | 2.61 | 2.79 | 3.00 | 3.26 | 3.72 | 11.16 | 15.96 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $831,518K ÷ ($584,735K – $131,143K)
= 1.83
The working capital turnover of Calix Inc has been declining over the past few years, indicating a decreasing efficiency in utilizing its working capital to generate sales. The company's working capital turnover ratio decreased from 15.96 on March 31, 2020, to 1.83 on December 31, 2024.
A higher working capital turnover ratio is generally preferred as it signifies that the company efficiently converts its working capital into revenue. Conversely, a declining ratio may suggest inefficiency in managing working capital resources or potential issues in sales generation.
Calix Inc may need to assess and improve its working capital management strategies to enhance efficiency and optimize its use of resources for revenue generation. Further analysis and actions may be required to address the declining trend in the working capital turnover ratio over the period under review.
Peer comparison
Dec 31, 2024