Flowserve Corporation (FLS)

Working capital turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 4,557,810 4,320,580 3,615,120 3,541,060 3,728,130
Total current assets US$ in thousands 2,904,500 2,703,780 2,450,970 2,388,680 2,904,330
Total current liabilities US$ in thousands 1,468,080 1,438,580 1,243,150 1,131,800 1,141,630
Working capital turnover 3.17 3.41 2.99 2.82 2.12

December 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $4,557,810K ÷ ($2,904,500K – $1,468,080K)
= 3.17

Flowserve Corporation's working capital turnover has shown a positive trend over the years, increasing from 2.12 in 2020 to 3.17 in 2024. This indicates that the company is generating more revenue relative to its working capital, which includes current assets and current liabilities. A higher working capital turnover ratio suggests that Flowserve is managing its working capital efficiently and effectively utilizing its resources to generate sales. This improvement in the working capital turnover ratio reflects positively on the company's liquidity management and operational efficiency. Overall, the increasing trend in the working capital turnover ratio demonstrates Flowserve's ability to efficiently convert its working capital into sales revenue over the years.


Peer comparison

Dec 31, 2024

Company name
Symbol
Working capital turnover
Flowserve Corporation
FLS
3.17
Enovis Corp
ENOV
3.41
Graco Inc
GGG
1.94
IDEX Corporation
IEX
3.39
ITT Inc
ITT
6.83
Xylem Inc
XYL
4.86