Columbia Sportswear Company (COLM)

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	3,508,867	3,617,807	3,586,986	3,545,274	3,486,171	3,445,691	3,294,837	3,281,517	3,141,308	2,921,771	2,812,935	2,558,932	2,501,554	2,540,798	2,746,499	2,956,098	3,042,478	3,005,209	2,894,217	2,849,626
Total current assets	US$ in thousands	2,014,680	1,882,760	1,901,140	1,987,360	2,136,940	1,959,610	1,795,130	1,838,130	2,114,040	1,920,070	1,878,720	1,805,220	1,855,620	1,647,800	1,602,760	1,710,740	1,875,750	1,698,850	1,662,170	1,638,650
Total current liabilities	US$ in thousands	596,627	525,960	557,268	568,685	738,718	696,656	618,444	571,014	680,390	590,719	567,600	474,968	552,622	499,594	535,828	610,355	630,915	558,147	577,981	479,844
Working capital turnover		2.47	2.67	2.67	2.50	2.49	2.73	2.80	2.59	2.19	2.20	2.15	1.92	1.92	2.21	2.57	2.69	2.44	2.63	2.67	2.46

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,508,867K ÷ ($2,014,680K – $596,627K)
= 2.47

Columbia Sportswear Co.'s working capital turnover has exhibited fluctuations over the past eight quarters. The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales revenue. A higher ratio indicates that the company is effectively managing its working capital to support its operations.

The working capital turnover ratio for Columbia Sportswear Co. ranged from 2.46 to 2.78 over the period analyzed. The highest ratio was observed in Q3 2022 at 2.78, indicating strong efficiency in utilizing working capital to generate sales during that period. Conversely, the lowest ratio was seen in Q4 2023 at 2.46, suggesting a slight decrease in efficiency compared to previous quarters.

Overall, the working capital turnover ratio for Columbia Sportswear Co. has remained relatively stable, hovering around the range of 2.46 to 2.78. This indicates that the company has been consistent in managing its working capital effectively to support its sales activities. Monitoring this ratio over time can provide insights into the company's operational efficiency and financial health.