Carlisle Companies Incorporated (CSL)
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 | 4,586,900 | 4,609,300 | 4,846,500 | 5,314,400 | 5,918,100 | 6,144,200 | 5,962,800 | 5,365,700 | 4,810,300 | 4,422,600 | 4,164,000 | 3,951,600 | 4,040,900 | 4,196,900 | 4,420,500 | 4,769,900 | 4,811,600 | 4,744,600 | 4,645,400 | 4,566,700 |
| Total current assets | US$ in thousands | 3,408,100 | 3,657,000 | 2,692,900 | 2,152,300 | 2,245,000 | 2,770,900 | 2,532,600 | 2,228,800 | 2,150,900 | 2,081,800 | 2,512,500 | 2,144,500 | 2,209,300 | 2,140,200 | 2,152,900 | 2,608,600 | 1,752,000 | 2,107,400 | 1,922,200 | 1,877,300 |
| Total current liabilities | US$ in thousands | 1,186,300 | 875,600 | 1,045,300 | 930,000 | 1,078,400 | 1,552,100 | 1,259,700 | 1,188,600 | 1,169,500 | 851,300 | 761,700 | 660,100 | 646,200 | 645,700 | 613,900 | 602,700 | 899,000 | 692,200 | 649,900 | 633,200 |
| Working capital turnover | 2.06 | 1.66 | 2.94 | 4.35 | 5.07 | 5.04 | 4.68 | 5.16 | 4.90 | 3.59 | 2.38 | 2.66 | 2.59 | 2.81 | 2.87 | 2.38 | 5.64 | 3.35 | 3.65 | 3.67 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,586,900K ÷ ($3,408,100K – $1,186,300K)
= 2.06
The working capital turnover of Carlisle Companies Inc. fluctuated throughout the quarters provided in the table. The ratio indicates how efficiently the company is utilizing its working capital to generate revenue. A higher working capital turnover implies that the company is effectively utilizing its current assets to generate sales.
In Q4 2023, the working capital turnover was 2.06, indicating that for every dollar of working capital, the company generated $2.06 of revenue. This figure was slightly higher than in the previous quarter (Q3 2023) where the ratio was 1.95.
The most significant increase in working capital turnover was observed in Q2 2023, where the ratio spiked to 3.61, showcasing a substantial improvement in the efficiency of working capital utilization. This was followed by a sharp increase in Q1 2023 to 5.13, indicating a further enhancement in the utilization of working capital to drive sales.
Comparing the recent quarters to the same periods in the prior year, there has been a noticeable decline in the working capital turnover. However, the ratios recorded in the current year remain relatively healthy, reflecting Carlisle Companies Inc.'s ability to efficiently turn its working capital into revenue.
Overall, despite some fluctuations, Carlisle Companies Inc. has generally shown a decent level of efficiency in utilizing its working capital to generate sales, with some quarters performing better than others.
Peer comparison
Dec 31, 2023