Flowserve Corporation (FLS)
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 | 4,557,810 | 4,542,640 | 4,504,270 | 4,427,760 | 4,320,585 | 4,194,365 | 3,972,526 | 3,774,368 | 3,615,121 | 3,495,617 | 3,488,854 | 3,504,810 | 3,541,060 | 3,606,912 | 3,665,095 | 3,691,882 | 3,729,031 | 3,811,893 | 3,884,136 | 3,949,255 |
| Total current assets | US$ in thousands | 2,904,500 | 2,869,790 | 2,815,820 | 2,766,580 | 2,703,780 | 2,638,520 | 2,579,380 | 2,542,240 | 2,450,970 | 2,223,780 | 2,280,930 | 2,376,860 | 2,388,680 | 3,223,220 | 2,440,690 | 2,448,960 | 2,904,330 | 2,806,140 | 2,430,560 | 2,425,510 |
| Total current liabilities | US$ in thousands | 1,468,080 | 1,440,370 | 1,406,340 | 1,474,180 | 1,438,580 | 1,306,820 | 1,292,090 | 1,321,720 | 1,243,150 | 1,091,690 | 1,091,720 | 1,147,610 | 1,131,800 | 1,908,880 | 1,069,720 | 1,083,730 | 1,141,630 | 1,093,580 | 1,088,740 | 1,106,030 |
| Working capital turnover | 3.17 | 3.18 | 3.20 | 3.43 | 3.41 | 3.15 | 3.09 | 3.09 | 2.99 | 3.09 | 2.93 | 2.85 | 2.82 | 2.74 | 2.67 | 2.70 | 2.12 | 2.23 | 2.89 | 2.99 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (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 some fluctuation over the past few years. The ratio has generally remained above 2, indicating that the company is effectively utilizing its working capital to generate sales. There was a decrease in the ratio from September 2020 to December 2020, which could suggest a temporary dip in efficiency in managing working capital during that period.
From March 2021 to December 2023, the working capital turnover generally increased steadily, reaching a peak of 3.41 at the end of December 2023. This improvement signifies that Flowserve Corporation became more efficient in using its working capital to generate revenue during this time period.
In the last few quarters, there has been some variability in the working capital turnover ratio, with fluctuations between 3.43 and 3.17. Overall, the trend indicates that Flowserve Corporation has been effectively managing its working capital to drive sales, though there may be some periodic fluctuations in efficiency.
Peer comparison
Dec 31, 2024