CSW Industrials Inc (CSWI)
Working capital turnover
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 385,871 |
| Total current assets | US$ in thousands | 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 | 150,045 |
| Total current liabilities | US$ in thousands | 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 | 59,146 |
| Working capital turnover | 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 | 4.25 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $858,612K ÷ ($563,463K – $134,715K)
= 2.00
Working capital turnover measures how efficiently a company utilizes its working capital to generate sales. A higher turnover ratio indicates that the company is effectively managing its working capital.
Analyzing the working capital turnover of CSW Industrials Inc over the given periods, we observe fluctuations in the ratio. The ratio ranged from a high of 4.25 on March 31, 2020, to a low of 1.87 on September 30, 2024.
The trend in the working capital turnover ratio indicates that the company's efficiency in utilizing its working capital fluctuated over the periods. The company experienced a decrease in efficiency in the utilization of working capital in the latter part of 2024, as evidenced by the lower ratios recorded in September and December 2024.
Overall, it is important for CSW Industrials Inc to monitor its working capital turnover continuously to ensure optimal utilization of resources and to support its operations effectively. Efficient management of working capital is crucial for sustaining the company's financial stability and growth.
Peer comparison
Dec 31, 2024