Eagle Materials Inc (EXP)
Working capital turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,260,508 | 2,267,040 | 2,267,848 | 2,266,465 | 2,259,297 | 2,252,717 | 2,205,371 | 2,188,203 | 2,148,069 | 2,091,059 | 2,042,513 | 1,947,139 | 1,861,522 | 1,791,707 | 1,733,433 | 1,671,423 | 1,623,673 | 1,595,813 | 1,541,395 | 1,508,237 |
| Total current assets | US$ in thousands | 668,657 | 618,462 | 730,449 | 712,989 | 627,693 | 587,731 | 611,806 | 616,041 | 521,503 | 491,278 | 552,874 | 547,139 | 442,727 | 415,347 | 472,111 | 731,303 | 661,689 | 528,558 | 648,407 | 771,593 |
| Total current liabilities | US$ in thousands | 245,004 | 223,881 | 312,227 | 290,550 | 239,409 | 225,513 | 224,535 | 229,697 | 212,889 | 208,300 | 223,321 | 228,635 | 207,551 | 193,675 | 188,645 | 189,013 | 169,354 | 163,061 | 163,085 | 200,033 |
| Working capital turnover | 5.34 | 5.75 | 5.42 | 5.37 | 5.82 | 6.22 | 5.69 | 5.66 | 6.96 | 7.39 | 6.20 | 6.11 | 7.92 | 8.08 | 6.12 | 3.08 | 3.30 | 4.37 | 3.18 | 2.64 |
March 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,260,508K ÷ ($668,657K – $245,004K)
= 5.34
The working capital turnover of Eagle Materials Inc has shown variability over the reported periods. The ratio measures how efficiently the company utilizes its working capital to generate revenue.
- From June 30, 2020, to June 30, 2021, the working capital turnover ratio has fluctuated between 2.64 and 3.30, indicating a moderate level of efficiency in utilizing working capital to generate sales.
- A significant increase was observed in the ratio for the September 30, 2021, quarter to December 31, 2021, quarter, where it jumped from 3.08 to 8.08, suggesting a notable improvement in working capital management efficiency.
- The ratio continued its upward trend until March 31, 2022, peaking at 7.92, further indicating efficient utilization of working capital.
- Subsequently, the ratio fluctuated around the 6 to 7 range from March 31, 2022, to June 30, 2023, suggesting a sustained level of efficiency in working capital turnover.
- There was a slight decrease in the working capital turnover ratio from June 30, 2023, to December 31, 2024, hovering around 5 to 6, indicating a relatively stable level of efficiency.
- Overall, the working capital turnover ratio for Eagle Materials Inc has displayed fluctuations but generally maintained a level of efficiency in utilizing working capital to generate sales throughout the reporting periods.