Fortune Brands Innovations Inc. (FBIN)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,609,000 | 4,626,200 | 4,723,000 | 4,801,100 | 3,621,300 |
| Total current assets | US$ in thousands | 2,007,400 | 2,045,700 | 2,460,400 | 2,744,500 | 2,208,500 |
| Total current liabilities | US$ in thousands | 1,602,300 | 1,200,400 | 1,544,700 | 1,971,100 | 1,345,100 |
| Working capital turnover | 11.38 | 5.47 | 5.16 | 6.21 | 4.19 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $4,609,000K ÷ ($2,007,400K – $1,602,300K)
= 11.38
The working capital turnover ratio of Fortune Brands Innovations Inc. has shown a positive trend over the years, increasing from 4.19 in December 31, 2020, to 11.38 in December 31, 2024. This indicates that the company is efficiently utilizing its working capital to generate sales revenue.
The company's ability to generate sales with its working capital has improved significantly, reaching its peak in 2024. An increasing working capital turnover ratio suggests that Fortune Brands is effectively managing its current assets to support its operations.
Overall, the rising trend in working capital turnover reflects positively on Fortune Brands Innovations Inc.'s operational efficiency and financial performance during the period under review.
Peer comparison
Dec 31, 2024