Franklin Electric Co Inc (FELE)
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 | 2,021,341 | 2,008,566 | 2,015,559 | 2,041,482 | 2,065,133 | 2,081,594 | 2,094,835 | 2,076,792 | 2,043,711 | 1,986,800 | 1,894,147 | 1,780,289 | 1,661,865 | 1,550,451 | 1,442,622 | 1,313,623 | 1,247,331 | 1,246,332 | 1,243,558 | 1,290,617 |
| Total current assets | US$ in thousands | 964,191 | 942,483 | 918,696 | 901,363 | 853,795 | 899,498 | 966,390 | 968,045 | 858,090 | 887,719 | 913,183 | 833,585 | 724,647 | 728,130 | 691,266 | 635,250 | 619,254 | 602,539 | 549,341 | 543,055 |
| Total current liabilities | US$ in thousands | 433,727 | 393,165 | 346,090 | 316,248 | 287,039 | 327,920 | 432,677 | 486,861 | 405,769 | 461,808 | 539,527 | 491,588 | 396,014 | 401,473 | 387,005 | 200,354 | 203,704 | 187,866 | 173,896 | 191,387 |
| Working capital turnover | 3.81 | 3.66 | 3.52 | 3.49 | 3.64 | 3.64 | 3.93 | 4.32 | 4.52 | 4.66 | 5.07 | 5.21 | 5.06 | 4.75 | 4.74 | 3.02 | 3.00 | 3.01 | 3.31 | 3.67 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,021,341K ÷ ($964,191K – $433,727K)
= 3.81
The working capital turnover ratio for Franklin Electric Co Inc has shown a general increasing trend from March 31, 2020, to December 31, 2024. The ratio measures how efficiently the company is utilizing its working capital to generate sales revenue. It indicates the number of times a company's working capital is turned over in a given period.
The company's working capital turnover ratio started at 3.67 on March 31, 2020, and increased steadily over the years, reaching its peak at 5.21 on March 31, 2022. However, the ratio fluctuated slightly in the subsequent periods, ranging between 3.49 and 3.81 as of December 31, 2024.
Overall, the increasing trend in the working capital turnover ratio indicates that Franklin Electric Co Inc has been more efficient in managing its working capital and generating sales revenue. However, it is important to monitor the ratio's fluctuations to ensure the company maintains optimal working capital levels for its operations.
Peer comparison
Dec 31, 2024