Glaukos Corp (GKOS)

Working capital turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	378,263	301,165	266,924	278,319	211,679
Total current assets	US$ in thousands	449,792	395,461	443,859	486,126	469,442
Total current liabilities	US$ in thousands	75,125	74,014	72,359	63,360	49,702
Working capital turnover		1.01	0.94	0.72	0.66	0.50

December 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $378,263K ÷ ($449,792K – $75,125K)
= 1.01

Glaukos Corp's working capital turnover has shown a positive trend over the past five years, increasing from 0.50 in December 2020 to 1.01 in December 2024. This indicates that the company is becoming more efficient in utilizing its working capital to generate sales revenue. A higher working capital turnover ratio suggests that the company is managing its working capital more effectively and efficiently. Overall, the increasing trend in Glaukos Corp's working capital turnover signifies improved operational efficiency and financial performance over the years.