Huntington Ingalls Industries Inc (HII)
Working capital turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 8,899,000 | 8,686,000 | 8,550,000 | 8,382,000 |
| Total current assets | US$ in thousands | 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 | 1,785,000 | 2,025,000 | 2,123,000 | 1,922,000 |
| Total current liabilities | US$ in thousands | 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 | 1,890,000 | 1,950,000 | 1,902,000 | 1,960,000 |
| Working capital turnover | — | — | — | — | — | — | 27.49 | 26.91 | 26.24 | 27.44 | 49.38 | 61.28 | 42.94 | 13.91 | 14.27 | 159.33 | — | 115.81 | 38.69 | — |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $11,454,000K ÷ ($2,880,000K – $3,032,000K)
= —
The working capital turnover ratio for Huntington Ingalls Industries Inc was not provided for Q4 2023, Q3 2023, Q2 2023, and Q1 2023. However, in Q2 2022, the company had a working capital turnover ratio of 27.49, while in Q1 2022, the ratio was slightly lower at 26.91.
The working capital turnover ratio measures how efficiently a company is using its working capital to generate revenue. A higher ratio indicates that the company is effectively utilizing its working capital to support its sales activities.
Based on the available data, it appears that Huntington Ingalls Industries Inc was able to improve its working capital turnover from Q1 2022 to Q2 2022, indicating a more efficient utilization of its resources to drive sales. Further analysis would be necessary to understand the factors contributing to this increase and to assess the company's overall financial performance.
Peer comparison
Dec 31, 2023