Integer Holdings Corp (ITGR)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,716,600 | 1,596,670 | 1,376,100 | 1,221,080 | 1,073,440 |
| Total current assets | US$ in thousands | 671,119 | 617,668 | 558,298 | 452,982 | 412,937 |
| Total current liabilities | US$ in thousands | 227,173 | 220,969 | 223,752 | 159,629 | 156,191 |
| Working capital turnover | 3.87 | 4.02 | 4.11 | 4.16 | 4.18 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,716,600K ÷ ($671,119K – $227,173K)
= 3.87
The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales revenue. Integer Holdings Corp's working capital turnover has shown a decreasing trend over the years. From 4.18 in 2020, the ratio decreased to 3.87 in 2024.
A high working capital turnover suggests effective management of working capital, indicating that the company is efficiently converting its working capital into sales. However, the declining trend in Integer Holdings Corp's working capital turnover may indicate potential inefficiencies in working capital management or a slowdown in sales relative to the working capital invested.
It is recommended for Integer Holdings Corp to further analyze the components of its working capital and sales to identify areas for improvement in terms of working capital efficiency and revenue generation. Tracking changes in working capital turnover can help the company better manage its liquidity and operational performance in the long term.
Peer comparison
Dec 31, 2024