Crane NXT Co (CXT)
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 | 1,486,800 | 1,444,600 | 1,394,000 | 1,375,800 | 1,905,100 | 2,372,300 | 2,834,500 | 2,816,100 | 2,844,700 | 2,845,800 | 2,924,500 | 3,386,900 | 3,348,900 | 3,207,300 | 3,000,000 | 2,847,900 | 2,761,300 | 2,915,200 | 3,001,000 | 3,198,300 |
| Total current assets | US$ in thousands | 642,500 | 630,600 | 631,900 | 629,100 | 644,400 | 625,200 | 701,200 | 1,695,800 | 1,751,900 | 1,482,300 | 1,728,400 | 1,652,300 | 1,543,100 | 1,761,500 | 1,672,300 | 1,642,400 | 1,573,700 | 1,622,100 | 1,629,300 | 1,446,200 |
| Total current liabilities | US$ in thousands | 562,400 | 456,400 | 526,900 | 296,900 | 334,400 | 312,600 | 316,900 | 974,500 | 1,488,200 | 1,075,800 | 845,300 | 797,800 | 789,300 | 765,200 | 758,800 | 1,034,600 | 1,056,600 | 1,143,100 | 1,227,200 | 1,057,600 |
| Working capital turnover | 18.56 | 8.29 | 13.28 | 4.14 | 6.15 | 7.59 | 7.38 | 3.90 | 10.79 | 7.00 | 3.31 | 3.96 | 4.44 | 3.22 | 3.28 | 4.69 | 5.34 | 6.09 | 7.46 | 8.23 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,486,800K ÷ ($642,500K – $562,400K)
= 18.56
The working capital turnover of Crane NXT Co has shown some fluctuations over the years, indicating changes in the efficiency with which the company is utilizing its working capital to support its operations. The metric has gradually declined from 8.23 on March 31, 2020, to a low of 3.22 on September 30, 2021, before showing some recovery.
A higher working capital turnover ratio generally signifies that the company is efficiently managing its working capital resources to generate sales. However, a decreasing trend in the working capital turnover ratio may suggest inefficiencies in utilizing working capital, potentially leading to liquidity issues or suboptimal operational performance.
It is noteworthy that there have been some significant spikes in the working capital turnover ratio, such as the sharp increase to 18.56 on December 31, 2024, which may indicate sudden improvements in the management of working capital during that period.
Overall, a downward trend in the working capital turnover ratio over time highlights the importance for Crane NXT Co to effectively manage its working capital to support its day-to-day operations and optimize its financial performance. Additional analysis of the company's operational and financial strategies would provide more insights into the factors driving these fluctuations in the working capital turnover ratio.
Peer comparison
Dec 31, 2024