CSW Industrials Inc (CSWI)
Working capital turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 841,284 | 817,011 | 794,193 | 777,621 | 773,747 | 761,286 | 757,853 | 735,524 | 700,717 | 665,110 | 626,436 | 586,536 | 540,182 | 489,537 | 419,236 | 384,436 | 378,220 | 374,604 | 385,973 | 378,873 |
| Total current assets | US$ in thousands | 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 | 219,118 | 215,823 | 174,858 | 153,434 | 150,045 | 158,625 |
| Total current liabilities | US$ in thousands | 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 | 59,146 | 53,279 |
| Working capital turnover | 1.87 | 3.90 | 3.68 | 3.96 | 3.76 | 3.59 | 3.52 | 3.45 | 3.27 | 3.18 | 3.43 | 3.85 | 3.39 | 3.24 | 3.07 | 2.76 | 3.22 | 3.77 | 4.25 | 3.60 |
September 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $841,284K ÷ ($609,497K – $159,450K)
= 1.87
Working capital turnover is a financial ratio that measures how efficiently a company utilizes its working capital to generate sales revenue. A higher working capital turnover indicates that the company is effectively managing its working capital to support its sales activities.
Analyzing the working capital turnover of CSW Industrials Inc over the past few quarters, we observe a fluctuating trend. The ratio ranged from 1.87 to 4.25 over the last 20 quarters. In recent periods, the company's working capital turnover has generally been above 3, indicating a relatively efficient use of working capital.
The highest working capital turnover of 4.25 was recorded in the first quarter of 2020, suggesting that the company's working capital was effectively supporting sales during that period. However, there have been fluctuations in the ratio since then, with values ranging between 2.76 and 4.25.
Overall, the company has shown a consistent effort in managing its working capital efficiently to support its sales operations. However, it is important to closely monitor the trend to ensure that the company continues to effectively utilize its working capital to drive revenue growth in the long term.
Peer comparison
Sep 30, 2024