Integer Holdings Corp (ITGR)
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 | 1,732,282 | 1,695,936 | 1,669,212 | 1,632,683 | 1,596,673 | 1,555,945 | 1,493,932 | 1,443,969 | 1,376,096 | 1,316,688 | 1,279,582 | 1,241,524 | 1,221,079 | 1,177,023 | 1,107,391 | 1,035,483 | 1,073,442 | 1,130,120 | 1,197,765 | 1,271,844 |
| Total current assets | US$ in thousands | 671,119 | 730,032 | 676,980 | 668,573 | 617,668 | 609,344 | 615,928 | 628,989 | 558,298 | 556,617 | 533,013 | 494,790 | 452,982 | 442,567 | 434,243 | 409,237 | 412,937 | 498,653 | 579,502 | 460,822 |
| Total current liabilities | US$ in thousands | 227,173 | 222,398 | 205,991 | 201,429 | 220,969 | 203,101 | 199,832 | 225,475 | 223,752 | 198,762 | 197,726 | 173,082 | 159,629 | 156,410 | 164,127 | 161,551 | 156,191 | 153,460 | 153,648 | 186,129 |
| Working capital turnover | 3.90 | 3.34 | 3.54 | 3.50 | 4.02 | 3.83 | 3.59 | 3.58 | 4.11 | 3.68 | 3.82 | 3.86 | 4.16 | 4.11 | 4.10 | 4.18 | 4.18 | 3.27 | 2.81 | 4.63 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,732,282K ÷ ($671,119K – $227,173K)
= 3.90
The working capital turnover of Integer Holdings Corp has shown some fluctuations over the past few years, ranging from a low of 2.81 in June 2020 to a high of 4.63 in March 2020. The working capital turnover ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue. A higher ratio typically signifies better efficiency in managing working capital.
Despite the fluctuations, the company seems to have generally maintained a healthy working capital turnover ratio above 3, with some quarters exceeding 4. This indicates that Integer Holdings Corp has been effectively utilizing its working capital to support its operating activities and generate sales.
It is important for the company to monitor this ratio regularly to ensure optimal utilization of working capital resources. Overall, the working capital turnover trend of Integer Holdings Corp suggests that the company has been managing its working capital efficiently, which is a positive indicator of its financial performance and operational efficiency.
Peer comparison
Dec 31, 2024