Crane Company (CR)
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 | 2,131,200 | 2,276,600 | 2,209,500 | 2,137,900 | 2,415,500 | 2,706,700 | 2,991,700 | 3,346,400 | 3,304,600 | 3,251,000 | 3,269,400 | 3,201,500 | 3,233,900 | 3,189,800 | 3,091,100 | 2,972,600 | 2,937,000 | 3,048,100 | 3,085,600 | 3,249,300 |
| Total current assets | US$ in thousands | 1,403,200 | 1,244,800 | 1,109,200 | 1,072,200 | 1,090,800 | 1,058,700 | 1,033,800 | 1,695,800 | 1,698,600 | 1,482,300 | 1,728,400 | 1,652,300 | 1,744,200 | 1,761,500 | 1,672,300 | 1,642,400 | 1,574,200 | 1,622,100 | 1,629,300 | 1,446,200 |
| Total current liabilities | US$ in thousands | 520,100 | 572,100 | 520,600 | 492,800 | 467,100 | 415,600 | 401,100 | 974,500 | 1,477,900 | 1,075,800 | 845,300 | 797,800 | 795,200 | 765,200 | 758,800 | 1,034,600 | 1,056,600 | 1,143,100 | 1,227,200 | 1,057,600 |
| Working capital turnover | 2.41 | 3.38 | 3.75 | 3.69 | 3.87 | 4.21 | 4.73 | 4.64 | 14.97 | 8.00 | 3.70 | 3.75 | 3.41 | 3.20 | 3.38 | 4.89 | 5.67 | 6.36 | 7.67 | 8.36 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,131,200K ÷ ($1,403,200K – $520,100K)
= 2.41
Crane Company's working capital turnover has exhibited fluctuations over the analyzed period. The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales revenue. A higher value indicates better efficiency in utilizing working capital.
From March 31, 2020, to March 31, 2021, the working capital turnover decreased steadily from 8.36 to 4.89, signaling a potential decline in efficiency in managing working capital and generating sales.
Subsequently, from June 30, 2021, to September 30, 2021, the ratio continued to decrease to 3.20, indicating a further drop in efficiency. However, from December 31, 2021, to December 31, 2022, a significant improvement was observed as the ratio surged from 3.41 to 14.97, possibly reflecting better management of working capital or increased sales compared to the prior periods.
Following the peak in December 31, 2022, the ratio decreased gradually, reaching 2.41 by December 31, 2024. This decline may suggest challenges in sustaining the high level of efficiency witnessed in 2022.
It is essential for Crane Company to closely monitor its working capital turnover ratio to ensure optimal management of working capital and efficient utilization of resources to support business operations and growth.
Peer comparison
Dec 31, 2024