EMCOR Group Inc (EME)
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 | 12,582,870 | 12,093,470 | 11,712,230 | 11,374,000 | 11,076,120 | 10,766,490 | 10,461,800 | 10,192,080 | 9,903,580 | 9,544,880 | 9,224,920 | 8,801,270 | 8,797,050 | 8,919,500 | 9,005,530 | 9,315,710 | 9,174,610 | 8,999,980 | 8,759,290 | 8,388,980 |
| Total current assets | US$ in thousands | 4,446,970 | 4,068,900 | 3,809,620 | 3,562,420 | 3,461,970 | 3,379,260 | 3,125,540 | 3,216,400 | 3,390,990 | 3,226,570 | 3,113,350 | 3,105,630 | 3,120,940 | 2,897,090 | 2,679,080 | 2,685,390 | 2,659,880 | 2,558,110 | 2,420,640 | 2,313,860 |
| Total current liabilities | US$ in thousands | 3,518,360 | 3,232,800 | 2,949,460 | 2,661,390 | 2,753,520 | 2,638,800 | 2,402,940 | 2,296,570 | 2,361,730 | 2,250,120 | 2,143,110 | 2,093,410 | 2,163,230 | 1,978,850 | 1,808,210 | 1,786,380 | 1,938,610 | 1,793,370 | 1,704,570 | 1,673,180 |
| Working capital turnover | 13.55 | 14.46 | 13.62 | 12.62 | 15.63 | 14.54 | 14.48 | 11.08 | 9.62 | 9.78 | 9.51 | 8.70 | 9.19 | 9.71 | 10.34 | 10.36 | 12.72 | 11.77 | 12.23 | 13.09 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $12,582,870K ÷ ($4,446,970K – $3,518,360K)
= 13.55
Emcor Group, Inc. has shown a fluctuating trend in its working capital turnover ratio over the past eight quarters. The working capital turnover ratio indicates how efficiently the company is using its working capital to generate sales revenue.
In Q4 2023, the working capital turnover ratio was 13.55, indicating that the company generated $13.55 in net sales for every dollar of working capital invested during that period. This was slightly lower compared to the previous quarter, Q3 2023, which had a ratio of 14.46.
Overall, the company has maintained a relatively high working capital turnover ratio, with values ranging from 11.08 to 15.63 over the past eight quarters. This suggests that Emcor Group, Inc. has been effectively managing its working capital to support its sales operations and generate revenue efficiently.
However, the fluctuating trend in the working capital turnover ratio may indicate variations in the company's sales and working capital management strategies over time. It is essential for Emcor Group, Inc. to monitor and analyze this ratio continuously to ensure optimal working capital utilization and overall financial performance.
Peer comparison
Dec 31, 2023