Crane Company (CR)
Working capital turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,063,700 | |||
| Total current assets | US$ in thousands | 1,090,800 | 1,058,700 | 1,033,800 | 1,087,800 |
| Total current liabilities | US$ in thousands | 467,100 | 415,600 | 401,100 | 380,900 |
| Working capital turnover | 3.31 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,063,700K ÷ ($1,090,800K – $467,100K)
= 3.31
The working capital turnover ratio for Crane Company as of the latest available information on December 31, 2023, is 3.31. This ratio indicates that Crane Company generated $3.31 in net sales for every dollar of working capital invested in the business.
A high working capital turnover ratio typically suggests efficient utilization of working capital to generate sales revenue. It indicates that the company is efficiently managing its current assets and liabilities to support its operations.
However, it is important to consider industry norms and trends over time to gain a deeper understanding of Crane Company's efficiency in managing its working capital. It would also be beneficial to analyze other related financial metrics to provide a more comprehensive evaluation of the company's financial performance.
Peer comparison
Dec 31, 2023