ICU Medical Inc (ICUI)
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 | 2,381,346 | 2,339,530 | 2,303,710 | 2,256,565 | 2,259,259 | 2,249,284 | 2,293,830 | 2,305,524 | 2,279,997 | 2,042,508 | 1,780,711 | 1,541,384 | 1,316,308 | 1,296,234 | 1,278,741 | 1,260,443 | 1,271,004 | 1,266,076 | 1,254,980 | 1,263,883 |
Total current assets | US$ in thousands | 1,441,980 | 1,258,060 | 1,235,990 | 1,187,730 | 1,219,600 | 1,219,410 | 1,244,740 | 1,213,020 | 1,235,200 | 1,199,360 | 1,189,840 | 1,174,000 | 1,029,810 | 1,011,240 | 973,354 | 928,182 | 920,777 | 900,139 | 1,036,700 | 1,002,180 |
Total current liabilities | US$ in thousands | 556,182 | 549,557 | 511,907 | 455,360 | 481,838 | 464,043 | 483,880 | 462,177 | 494,559 | 489,034 | 485,985 | 494,115 | 200,777 | 185,077 | 183,664 | 179,862 | 195,488 | 185,359 | 359,151 | 357,301 |
Working capital turnover | 2.69 | 3.30 | 3.18 | 3.08 | 3.06 | 2.98 | 3.01 | 3.07 | 3.08 | 2.88 | 2.53 | 2.27 | 1.59 | 1.57 | 1.62 | 1.68 | 1.75 | 1.77 | 1.85 | 1.96 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,381,346K ÷ ($1,441,980K – $556,182K)
= 2.69
The working capital turnover of ICU Medical Inc has shown a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The ratio started at 1.96 on March 31, 2020, and gradually declined to 1.57 by September 30, 2021. Subsequently, there was a significant increase in the efficiency of working capital utilization, reaching a peak of 3.30 on September 30, 2024.
Overall, the trend indicates an improvement in the management of working capital, as the company was able to generate more revenue from its working capital over time. This suggests that ICU Medical Inc has become more effective in utilizing its current assets and liabilities to support its operational activities and generate sales. Investors and stakeholders may view this positively as it indicates enhanced operational efficiency and potential for increased profitability.
Peer comparison
Dec 31, 2024