Cohu Inc (COHU)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 401,779 | 636,322 | 812,775 | 887,214 | 636,007 |
| Total current assets | US$ in thousands | 534,307 | 638,818 | 764,851 | 750,793 | 485,517 |
| Total current liabilities | US$ in thousands | 85,184 | 103,421 | 160,872 | 192,459 | 174,924 |
| Working capital turnover | 0.89 | 1.19 | 1.35 | 1.59 | 2.05 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $401,779K ÷ ($534,307K – $85,184K)
= 0.89
Cohu Inc's working capital turnover has shown a declining trend over the past five years, from 2.05 in 2020 to 0.89 in 2024. This indicates that the company's ability to efficiently utilize its working capital in generating sales revenue has deteriorated. A working capital turnover ratio below 1 suggests that the company may be inefficiently managing its current assets and liabilities to support its operations. Cohu Inc should closely monitor and improve its working capital management practices to enhance operational efficiency and profitability in the future.
Peer comparison
Dec 31, 2024