Huntington Ingalls Industries Inc (HII)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,454,000 | 10,676,000 | 9,524,000 | 9,361,000 | 8,899,000 |
| Total current assets | US$ in thousands | 2,880,000 | 2,746,000 | 2,790,000 | 2,444,000 | 1,785,000 |
| Total current liabilities | US$ in thousands | 3,032,000 | 2,895,000 | 2,427,000 | 2,226,000 | 1,890,000 |
| Working capital turnover | — | — | 26.24 | 42.94 | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $11,454,000K ÷ ($2,880,000K – $3,032,000K)
= —
The data provided displays the working capital turnover ratios for Huntington Ingalls Industries Inc for the years ending December 31, 2020, and December 31, 2021. The working capital turnover ratio for December 31, 2020, was 42.94, indicating that the company generated $42.94 of revenue for each dollar of working capital invested during that period. This high ratio suggests that Huntington Ingalls efficiently utilized its working capital to generate sales.
For December 31, 2021, the working capital turnover ratio decreased to 26.24. This decline indicates that the company's efficiency in utilizing its working capital to generate revenue diminished compared to the previous year. A lower ratio could suggest issues such as inefficient inventory management, slower collection of receivables, or an increase in the level of working capital relative to sales.
Unfortunately, the working capital turnover ratios for the years 2019, 2022, and 2023 are not available in the data. Without these figures, it is challenging to assess the trend in the efficiency of Huntington Ingalls' working capital management over the years.
Overall, based on the data provided, it is evident that the company experienced a decrease in working capital turnover in 2021 compared to 2020, highlighting a potential shift in the effectiveness of its working capital utilization.
Peer comparison
Dec 31, 2023