Gates Industrial Corporation plc (GTES)
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 | 3,408,200 | 3,442,100 | 3,484,300 | 3,535,100 | 3,570,200 | 3,600,200 | 3,588,000 | 3,558,500 | 3,554,200 | 3,476,500 | 3,478,200 | 3,486,500 | 3,474,400 | 3,453,000 | 3,302,800 | 2,964,200 | 2,793,000 | 2,724,500 | 2,758,900 | 2,992,300 |
| Total current assets | US$ in thousands | 2,306,000 | 2,400,500 | 2,376,500 | 2,287,100 | 2,401,300 | 2,317,900 | 2,374,400 | 2,356,800 | 2,277,400 | 2,216,900 | 2,247,000 | 2,206,600 | 2,278,700 | 2,223,000 | 2,122,500 | 1,999,000 | 1,906,600 | 2,046,100 | 1,959,400 | 1,997,900 |
| Total current liabilities | US$ in thousands | 721,500 | 795,600 | 763,400 | 747,900 | 779,300 | 780,400 | 798,200 | 738,200 | 752,300 | 746,700 | 771,500 | 788,500 | 855,900 | 842,400 | 840,800 | 756,600 | 726,300 | 653,900 | 629,300 | 667,700 |
| Working capital turnover | 2.15 | 2.14 | 2.16 | 2.30 | 2.20 | 2.34 | 2.28 | 2.20 | 2.33 | 2.36 | 2.36 | 2.46 | 2.44 | 2.50 | 2.58 | 2.39 | 2.37 | 1.96 | 2.07 | 2.25 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,408,200K ÷ ($2,306,000K – $721,500K)
= 2.15
The working capital turnover of Gates Industrial Corporation plc has shown some fluctuations over the past few years. The ratio has ranged from a low of 1.96 in September 30, 2020, to a high of 2.58 in June 30, 2021. Overall, the company has maintained a relatively stable working capital turnover ratio, indicating that it efficiently utilizes its working capital to generate sales. However, there have been some variations in the ratio, suggesting possible changes in the company's working capital management practices or sales performance. It is important for Gates Industrial Corporation plc to continue monitoring and managing its working capital turnover to ensure optimal efficiency in its operations.
Peer comparison
Dec 31, 2024