Itron Inc (ITRI)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,441,340 | 2,167,720 | 1,788,240 | 1,881,840 | 2,072,330 |
| Total current assets | US$ in thousands | 1,815,890 | 1,049,440 | 829,584 | 749,929 | 930,262 |
| Total current liabilities | US$ in thousands | 528,265 | 537,236 | 498,572 | 501,344 | 549,899 |
| Working capital turnover | 1.90 | 4.23 | 5.40 | 7.57 | 5.45 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,441,340K ÷ ($1,815,890K – $528,265K)
= 1.90
Itron Inc's working capital turnover has exhibited fluctuations over the past five years. The ratio increased from 5.45 in December 31, 2020, to 7.57 in December 31, 2021, indicating a more efficient utilization of working capital to generate sales. However, in the subsequent years, the working capital turnover decreased, reaching 1.90 by December 31, 2024. This decline suggests a potential inefficiency in managing working capital to support revenue generation.
The overall trend in Itron Inc's working capital turnover reflects variability in the company's ability to effectively convert working capital into revenue. Further analysis of the company's operational and financial performance would be necessary to determine the underlying factors driving these changes and to assess the potential impact on the company's overall financial health.
Peer comparison
Dec 31, 2024