Dynavax Technologies Corporation (DVAX)

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	277,247	260,811	249,695	236,149	232,284	361,180	459,401	655,616	722,683	733,261	673,796	470,099	439,442	263,922	169,066	118,967	46,551	37,571	34,732	40,365
Total current assets	US$ in thousands	848,941	926,241	882,012	851,286	859,120	835,666	797,460	830,141	683,841	932,944	955,405	940,515	607,285	852,670	583,906	427,533	228,725	290,003	265,466	194,147
Total current liabilities	US$ in thousands	78,634	70,030	62,192	56,002	62,195	54,264	44,862	91,515	150,074	244,080	345,198	466,203	556,402	528,935	204,642	109,422	77,411	66,625	53,222	29,279
Working capital turnover		0.36	0.30	0.30	0.30	0.29	0.46	0.61	0.89	1.35	1.06	1.10	0.99	8.64	0.82	0.45	0.37	0.31	0.17	0.16	0.24

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $277,247K ÷ ($848,941K – $78,634K)
= 0.36

Dynavax Technologies Corporation's working capital turnover has shown fluctuations over the years. The ratio was relatively low in the early part of the analyzed period, ranging from 0.16 to 0.37. However, from September 2021 to December 2022, there was a significant increase in the ratio, reaching as high as 8.64. This spike may indicate a more efficient utilization of working capital during that period. Subsequently, the ratio decreased and stabilized around 1. This suggests that the company was able to maintain a relatively steady turnover of its working capital from March 2023 to December 2024. Overall, Dynavax Technologies Corporation's working capital turnover ratio demonstrates varying levels of efficiency in managing its working capital during the period under review.