Chart Industries Inc (GTLS)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,160,300 | 3,352,500 | 1,612,400 | 1,317,700 | 1,177,100 |
| Total current assets | US$ in thousands | 2,465,400 | 2,214,400 | 3,690,900 | 853,500 | 703,000 |
| Total current liabilities | US$ in thousands | 1,789,800 | 1,866,200 | 1,081,600 | 693,900 | 634,800 |
| Working capital turnover | 6.16 | 9.63 | 0.62 | 8.26 | 17.26 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $4,160,300K ÷ ($2,465,400K – $1,789,800K)
= 6.16
The working capital turnover for Chart Industries Inc has shown a significant decline from 17.26 in December 2020 to 8.26 in December 2021. This suggests that the company's efficiency in utilizing its working capital to generate sales has decreased. However, there was a slight recovery in December 2023 with a ratio of 9.63, indicating an improvement in working capital efficiency. Subsequently, the ratio dropped to 6.16 by December 2024. Overall, the fluctuating trend in the working capital turnover reflects varying levels of effectiveness in managing working capital to support the company's operating activities and sales generation.