Henry Schein Inc (HSIC)
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 | 12,611,000 | 12,408,000 | 12,371,000 | 12,348,000 | 12,252,000 | 12,618,000 | 12,537,000 | 12,477,000 | 12,603,000 | 12,573,770 | 12,696,850 | 12,636,700 | 12,383,180 | 12,225,710 | 11,875,670 | 10,588,730 | 10,091,310 | 9,779,720 | 9,447,070 | 10,208,200 |
| Total current assets | US$ in thousands | 3,983,000 | 4,147,000 | 3,941,000 | 4,078,000 | 4,488,000 | 4,113,000 | 3,911,000 | 3,952,000 | 3,988,000 | 3,957,000 | 3,789,000 | 3,830,000 | 3,844,000 | 3,912,360 | 3,742,250 | 3,570,620 | 3,791,420 | 3,869,250 | 3,409,210 | 3,619,100 |
| Total current liabilities | US$ in thousands | 2,803,000 | 2,929,000 | 2,549,000 | 2,334,000 | 2,683,000 | 2,093,000 | 2,276,000 | 2,172,000 | 2,224,000 | 2,146,000 | 2,076,000 | 2,144,000 | 2,307,000 | 2,301,400 | 2,093,640 | 2,122,770 | 2,283,100 | 2,603,810 | 2,307,240 | 2,205,830 |
| Working capital turnover | 10.69 | 10.19 | 8.89 | 7.08 | 6.79 | 6.25 | 7.67 | 7.01 | 7.14 | 6.94 | 7.41 | 7.50 | 8.06 | 7.59 | 7.20 | 7.31 | 6.69 | 7.73 | 8.57 | 7.22 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $12,611,000K ÷ ($3,983,000K – $2,803,000K)
= 10.69
Henry Schein Inc's working capital turnover ratio has shown fluctuations over the years, ranging from a low of 6.25 to a high of 10.69. This ratio indicates the company's ability to efficiently utilize its working capital to generate sales revenue. A higher turnover ratio suggests that the company is effectively managing its working capital and converting it into sales.
From the data provided, we can see that there are some periods where the working capital turnover ratio increased, indicating improved efficiency in managing working capital. For example, there were notable increases in the ratio from June 30, 2020, to December 31, 2024, suggesting a positive trend in working capital utilization.
On the other hand, there were also fluctuations and decreases in the ratio during certain periods, such as September 30, 2020, to September 30, 2022. These fluctuations may indicate challenges or changes in the company's operations or market conditions impacting its ability to efficiently convert working capital into sales.
Overall, it is important for Henry Schein Inc to closely monitor its working capital turnover ratio to ensure optimal utilization of working capital resources and maintain healthy financial operations.
Peer comparison
Dec 31, 2024