Henry Schein Inc (HSIC)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,673,000 | 12,252,000 | 12,603,000 | 12,383,200 | 10,079,900 |
| Total current assets | US$ in thousands | 3,983,000 | 4,488,000 | 3,988,000 | 3,844,000 | 3,791,420 |
| Total current liabilities | US$ in thousands | 2,803,000 | 2,683,000 | 2,224,000 | 2,307,000 | 2,283,100 |
| Working capital turnover | 10.74 | 6.79 | 7.14 | 8.06 | 6.68 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $12,673,000K ÷ ($3,983,000K – $2,803,000K)
= 10.74
The working capital turnover of Henry Schein Inc has shown fluctuations over the past five years. The ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue. In 2020, the working capital turnover was 6.68, which increased to 8.06 in 2021, showing improved efficiency in utilizing working capital. However, in 2022, the ratio decreased to 7.14 before dropping slightly to 6.79 in 2023. Notably, in 2024, Henry Schein Inc significantly improved its working capital turnover to 10.74, reflecting a notable enhancement in efficiency. Overall, the company's ability to generate sales revenue relative to its working capital has varied, with a recent notable increase signaling improved efficiency in managing its working capital.
Peer comparison
Dec 31, 2024