Fortune Brands Innovations Inc. (FBIN)
Working capital turnover
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,609,100 | 4,666,200 | 4,772,100 | 4,695,800 | 4,626,200 | 4,596,800 | 4,531,100 | 4,622,800 | 4,723,000 | 4,809,100 | 4,883,500 | 4,858,200 | 4,801,100 | 5,242,800 | 5,625,000 | 5,770,700 | 6,090,300 | 5,901,100 | 5,708,000 | 5,839,400 |
| Total current assets | US$ in thousands | 2,007,400 | 2,019,100 | 2,081,900 | 2,172,100 | 2,045,700 | 2,149,700 | 2,443,600 | 2,301,200 | 2,460,400 | 3,007,600 | 3,063,800 | 2,956,700 | 2,744,500 | 2,726,000 | 2,548,900 | 2,345,900 | 2,208,500 | 2,138,000 | 1,957,300 | 1,914,000 |
| Total current liabilities | US$ in thousands | 1,602,300 | 1,532,200 | 1,548,000 | 1,062,500 | 1,200,400 | 1,192,100 | 1,640,700 | 1,413,200 | 1,544,700 | 2,047,900 | 1,441,500 | 1,354,800 | 1,971,100 | 1,528,800 | 1,364,700 | 1,197,000 | 1,345,100 | 1,135,000 | 952,800 | 1,246,100 |
| Working capital turnover | 11.38 | 9.58 | 8.94 | 4.23 | 5.47 | 4.80 | 5.64 | 5.21 | 5.16 | 5.01 | 3.01 | 3.03 | 6.21 | 4.38 | 4.75 | 5.02 | 7.05 | 5.88 | 5.68 | 8.74 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,609,100K ÷ ($2,007,400K – $1,602,300K)
= 11.38
The working capital turnover of Fortune Brands Innovations Inc. has fluctuated over the analyzed period, ranging from a low of 3.01 to a high of 11.38. This ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue. A higher working capital turnover implies that the company is effectively managing its working capital to support its sales activities.
The working capital turnover decreased in the first half of 2022, reaching a low of 3.01, which suggests a potential inefficiency in managing working capital during that period. However, the ratio improved in the latter half of 2022 and continued to increase through 2023 and 2024, reaching a high of 11.38 by December 31, 2024.
Overall, the trend indicates that Fortune Brands Innovations Inc. made significant improvements in managing its working capital efficiency towards the end of the analyzed period which could be a positive sign for the company's operational effectiveness and financial performance.
Peer comparison
Dec 31, 2024