Huntington Ingalls Industries Inc (HII)
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 | 11,535,000 | 11,708,000 | 11,775,000 | 11,585,000 | 11,454,000 | 11,089,000 | 10,899,000 | 10,774,000 | 10,676,000 | 10,541,000 | 10,253,000 | 9,822,000 | 9,524,000 | 9,604,000 | 9,580,000 | 9,376,000 | 9,361,000 | 9,016,000 | 8,921,000 | 9,082,000 |
| Total current assets | US$ in thousands | 3,228,000 | 2,629,000 | 2,912,000 | 2,833,000 | 2,880,000 | 2,587,000 | 2,817,000 | 2,752,000 | 2,746,000 | 2,817,000 | 2,820,000 | 2,786,000 | 2,790,000 | 2,794,000 | 2,317,000 | 2,443,000 | 2,444,000 | 2,881,000 | 2,739,000 | 2,137,000 |
| Total current liabilities | US$ in thousands | 2,991,000 | 3,336,000 | 3,563,000 | 2,948,000 | 3,032,000 | 2,817,000 | 2,927,000 | 2,867,000 | 2,895,000 | 2,892,000 | 2,447,000 | 2,421,000 | 2,427,000 | 2,444,000 | 2,123,000 | 2,290,000 | 2,226,000 | 2,233,000 | 2,114,000 | 2,080,000 |
| Working capital turnover | 48.67 | — | — | — | — | — | — | — | — | — | 27.49 | 26.91 | 26.24 | 27.44 | 49.38 | 61.28 | 42.94 | 13.91 | 14.27 | 159.33 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $11,535,000K ÷ ($3,228,000K – $2,991,000K)
= 48.67
Huntington Ingalls Industries Inc's working capital turnover has shown fluctuations over the past few quarters. The ratio was high at 159.33 as of March 31, 2020, indicating that the company efficiently utilized its working capital to generate sales. However, there was a significant drop in the ratio to 14.27 by June 30, 2020, suggesting a sharp decline in working capital efficiency.
Subsequently, the ratio remained relatively low for the next few quarters, hovering around 13-42 range. This could indicate potential inefficiencies in how the company manages its working capital during this period. Notably, the ratio improved to 61.28 by March 31, 2021, indicating a better utilization of working capital to generate revenue.
In the following quarters, the working capital turnover ratio fluctuated but generally stayed within a moderate range of 26-49. This suggests that the company made some improvements in managing its working capital efficiency during this period.
As of December 31, 2024, the working capital turnover ratio stood at 48.67, showing a relatively healthy efficiency in converting working capital into sales. Overall, the company should continue to monitor its working capital turnover to ensure optimal utilization of resources for revenue generation.
Peer comparison
Dec 31, 2024