Carlisle Companies Incorporated (CSL)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,586,900 | 5,449,400 | 4,810,300 | 3,969,900 | 4,484,600 |
| Total current assets | US$ in thousands | 3,408,100 | 2,245,000 | 2,150,900 | 2,209,300 | 1,752,000 |
| Total current liabilities | US$ in thousands | 1,186,300 | 1,078,400 | 1,169,500 | 646,200 | 899,000 |
| Working capital turnover | 2.06 | 4.67 | 4.90 | 2.54 | 5.26 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $4,586,900K ÷ ($3,408,100K – $1,186,300K)
= 2.06
The working capital turnover ratio of Carlisle Companies Inc. has exhibited fluctuations over the past five years. The ratio measures how well the company is able to generate revenue from its working capital. A higher ratio indicates that the company is able to efficiently utilize its working capital to generate sales.
In 2023, the working capital turnover decreased to 2.06 from 5.65 in 2022, indicating a significant decrease in the efficiency of utilizing working capital to generate sales. This could potentially suggest that the company may have slowed down its sales growth relative to its working capital.
In 2022, the ratio was at its highest level of 5.65, indicating that the company was very efficient in utilizing its working capital to generate revenue. This suggests that the company was able to effectively manage its working capital to drive sales growth.
For 2021 and 2019, the working capital turnover ratios were 4.90 and 5.64 respectively, both indicating high efficiency in generating sales from working capital. However, in 2020, the ratio decreased to 2.72, suggesting a temporary dip in efficiency in utilizing working capital for revenue generation.
Overall, while there have been fluctuations in the working capital turnover ratio for Carlisle Companies Inc. over the past five years, the company has generally displayed strong efficiency in utilizing its working capital to drive sales, with slight variations in performance from year to year.
Peer comparison
Dec 31, 2023