Exponent Inc (EXPO)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 536,766 | 513,293 | 466,269 | 399,900 | 417,199 |
| Total current assets | US$ in thousands | 379,532 | 349,157 | 452,762 | 366,832 | 364,044 |
| Total current liabilities | US$ in thousands | 161,909 | 159,029 | 152,982 | 117,308 | 123,960 |
| Working capital turnover | 2.47 | 2.70 | 1.56 | 1.60 | 1.74 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $536,766K ÷ ($379,532K – $161,909K)
= 2.47
The working capital turnover of Exponent Inc has slightly decreased from 2.70 in 2022 to 2.47 in 2023. This ratio indicates that for every dollar of working capital invested in the company, Exponent generated $2.47 in revenue in 2023.
Compared to previous years, the working capital turnover was highest in 2022 at 2.70 and has fluctuated over the years, ranging from 1.56 in 2021 to 1.74 in 2019. This indicates that Exponent has been efficient in utilizing its working capital to generate sales, although there was a notable decrease in efficiency in 2021.
Overall, the trend in working capital turnover suggests that Exponent Inc has been managing its working capital effectively to support its revenue generation activities, with some fluctuations observed in recent years. It is important for the company to continue monitoring and improving its working capital management to sustain and enhance its operational efficiency and financial performance.
Peer comparison
Dec 31, 2023