Curtiss-Wright Corporation (CW)
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 | 3,458,362 | 3,374,952 | 3,281,168 | 3,186,129 | 3,114,730 | 3,042,690 | 3,032,767 | 3,044,905 | 3,082,503 | 2,507,617 | 2,458,612 | 2,387,164 | 2,391,336 | 2,378,663 | 2,421,929 | 2,510,878 | 2,487,961 | 2,480,812 | 2,461,325 | 2,442,627 |
| Total current assets | US$ in thousands | 1,717,080 | 1,545,120 | 1,523,560 | 1,446,260 | 1,516,010 | 1,414,680 | 1,438,420 | 1,309,880 | 1,307,810 | 1,423,810 | 1,401,390 | 1,286,740 | 1,300,820 | 1,580,750 | 1,267,210 | 1,282,940 | 1,529,790 | 1,416,290 | 1,336,650 | 1,238,740 |
| Total current liabilities | US$ in thousands | 806,544 | 775,379 | 720,927 | 672,190 | 981,045 | 840,364 | 1,059,210 | 800,251 | 734,867 | 765,143 | 774,472 | 734,802 | 810,377 | 665,834 | 661,978 | 629,057 | 744,731 | 648,105 | 637,869 | 603,268 |
| Working capital turnover | 3.80 | 4.38 | 4.09 | 4.12 | 5.82 | 5.30 | 8.00 | 5.97 | 5.38 | 3.81 | 3.92 | 4.33 | 4.88 | 2.60 | 4.00 | 3.84 | 3.17 | 3.23 | 3.52 | 3.84 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,458,362K ÷ ($1,717,080K – $806,544K)
= 3.80
The working capital turnover for Curtiss-Wright Corp. has shown fluctuations over the past eight quarters. The company's working capital turnover ratio ranged from a low of 3.12 in Q4 2023 to a high of 6.48 in Q2 2022.
A high working capital turnover ratio indicates that the company is efficiently managing its working capital to generate sales. On the other hand, a lower ratio may suggest that the company is less efficient in managing its working capital.
It is also worth noting that working capital turnover ratios can be influenced by various factors, such as changes in sales volume, inventory management practices, and accounts receivable collection efficiency.
Overall, Curtiss-Wright Corp. has shown varying levels of efficiency in managing its working capital over the observed periods, indicating the need for further analysis to understand the underlying factors driving these fluctuations.
Peer comparison
Dec 31, 2023