Hillenbrand Inc (HI)
Working capital turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,182,800 | 2,826,000 | 2,315,300 | 2,241,400 | 2,517,000 |
| Total current assets | US$ in thousands | 1,509,900 | 1,607,600 | 1,402,900 | 1,434,500 | 1,369,700 |
| Total current liabilities | US$ in thousands | 1,189,100 | 1,291,000 | 1,077,800 | 1,035,100 | 852,100 |
| Working capital turnover | 9.92 | 8.93 | 7.12 | 5.61 | 4.86 |
September 30, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,182,800K ÷ ($1,509,900K – $1,189,100K)
= 9.92
The working capital turnover ratio for Hillenbrand Inc has consistently improved over the past five years, indicating the company's efficiency in utilizing its working capital to generate sales. The ratio has increased from 4.86 in 2020 to 9.92 in 2024, showcasing a positive trend in the management of working capital. This improvement suggests that the company has been able to effectively convert its working capital into sales at a faster rate each year. Overall, a higher working capital turnover ratio signifies better efficiency and effective management of the company's current assets and liabilities to support its revenue generation activities.
Peer comparison
Sep 30, 2024