Entegris Inc (ENTG)

Working capital turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	3,241,210	3,523,930	3,282,030	2,298,890	1,859,310
Total current assets	US$ in thousands	1,616,300	1,977,330	2,335,180	1,313,370	1,234,260
Total current liabilities	US$ in thousands	525,178	513,995	761,931	379,001	302,626
Working capital turnover		2.97	2.41	2.09	2.46	2.00

December 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,241,210K ÷ ($1,616,300K – $525,178K)
= 2.97

Entegris Inc's working capital turnover has shown a positive trend over the past five years. The ratio increased from 2.00 in December 31, 2020, to 2.97 in December 31, 2024. This indicates that the company is able to efficiently utilize its working capital to generate sales revenue. The higher turnover ratio suggests that Entegris is managing its working capital more effectively, potentially by optimizing inventory levels, accounts receivable collections, and accounts payable management. However, there was a slight fluctuation in the ratio over the years, with a peak of 2.97 in 2024 and a low of 2.00 in 2020. Overall, the increasing trend in working capital turnover reflects operational efficiency and effective management of liquidity and cash flows within the company.