CSW Industrials Inc (CSWI)
Working capital turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 878,301 | 858,612 | 839,930 | 815,657 | 792,840 | 777,666 | 773,792 | 761,331 | 757,905 | 735,518 | 700,711 | 665,104 | 626,436 | 586,506 | 540,152 | 489,507 | 419,205 | 384,334 | 378,118 | 374,502 |
| Total current assets | US$ in thousands | 592,861 | 563,463 | 609,497 | 331,219 | 331,410 | 307,508 | 318,647 | 318,680 | 323,056 | 322,337 | 326,285 | 330,930 | 300,147 | 250,718 | 244,872 | 242,672 | 214,553 | 215,823 | 174,858 | 153,434 |
| Total current liabilities | US$ in thousands | 147,202 | 134,715 | 159,450 | 121,485 | 115,836 | 111,127 | 112,702 | 106,445 | 108,039 | 109,376 | 111,881 | 121,814 | 117,402 | 98,426 | 85,714 | 91,727 | 82,748 | 76,759 | 57,410 | 53,953 |
| Working capital turnover | 1.97 | 2.00 | 1.87 | 3.89 | 3.68 | 3.96 | 3.76 | 3.59 | 3.52 | 3.45 | 3.27 | 3.18 | 3.43 | 3.85 | 3.39 | 3.24 | 3.18 | 2.76 | 3.22 | 3.76 |
March 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $878,301K ÷ ($592,861K – $147,202K)
= 1.97
CSW Industrials Inc's working capital turnover ratio has fluctuated over the past few years, indicating varying efficiency in managing its working capital. The ratio was relatively stable in the range of 3.18 to 3.39 from June 2020 to September 2021. There was a notable increase to 3.85 by the end of December 2021, suggesting improved efficiency in the company's operations.
However, the ratio declined to 3.18 by June 2022 and remained relatively stable around 3.27 to 3.59 until June 2024. A significant drop occurred at the end of September 2024, with the ratio decreasing to 1.87. This sharp decline may indicate potential issues in managing working capital effectively during that period.
Although there was a slight recovery to 3.89 by June 2024, the ratio decreased again to 2.00 by the end of December 2024 and further decreased to 1.97 by the end of March 2025. These lower ratios suggest that CSW Industrials Inc may be facing challenges in efficiently utilizing its working capital to generate sales revenue during these periods.
Overall, the analysis of CSW Industrials Inc's working capital turnover highlights periods of both efficiency and challenges in managing working capital effectively, which can impact the company's operational performance and financial health.
Peer comparison
Mar 31, 2025