Huntington Ingalls Industries Inc (HII)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,535,000 | 11,454,000 | 10,676,000 | 9,524,000 | 9,361,000 |
| Total current assets | US$ in thousands | 3,228,000 | 2,880,000 | 2,746,000 | 2,790,000 | 2,444,000 |
| Total current liabilities | US$ in thousands | 2,991,000 | 3,032,000 | 2,895,000 | 2,427,000 | 2,226,000 |
| Working capital turnover | 48.67 | — | — | 26.24 | 42.94 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $11,535,000K ÷ ($3,228,000K – $2,991,000K)
= 48.67
The working capital turnover ratio for Huntington Ingalls Industries Inc has experienced fluctuations over the years. In 2020, the ratio stood at 42.94, indicating that the company generated $42.94 in revenue for every dollar of working capital invested. However, the ratio decreased to 26.24 in 2021, suggesting a decrease in efficiency in utilizing working capital to generate sales.
Interestingly, data for 2022 and 2023 is unavailable (indicated by "—"), making it challenging to assess the company's performance during those periods. Nevertheless, in 2024, the working capital turnover ratio rebounded significantly to 48.67, showcasing an improvement in efficiency in turning working capital into revenue.
Overall, the varying trends in the working capital turnover ratio demonstrate the company's ability to manage its working capital effectively to drive sales. Further analysis of the factors influencing these fluctuations would provide deeper insights into Huntington Ingalls Industries Inc's operational efficiency and financial management practices.
Peer comparison
Dec 31, 2024