Itron Inc (ITRI)
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 | 2,441,973 | 2,396,573 | 2,345,043 | 2,277,357 | 2,168,374 | 2,058,238 | 1,919,092 | 1,810,221 | 1,789,196 | 1,772,212 | 1,837,352 | 1,882,538 | 1,918,727 | 1,982,641 | 2,027,694 | 2,050,196 | 2,129,627 | 2,242,805 | 2,325,037 | 2,448,668 |
| Total current assets | US$ in thousands | 1,815,890 | 1,754,530 | 1,689,460 | 1,097,100 | 1,049,440 | 1,009,740 | 969,987 | 902,056 | 829,584 | 808,642 | 756,088 | 792,527 | 749,929 | 802,387 | 842,900 | 1,260,100 | 930,262 | 1,352,170 | 1,354,830 | 1,387,730 |
| Total current liabilities | US$ in thousands | 528,265 | 521,471 | 535,187 | 578,317 | 537,236 | 555,924 | 559,920 | 536,555 | 498,572 | 502,117 | 461,190 | 501,568 | 501,344 | 495,754 | 514,365 | 909,562 | 549,899 | 586,705 | 601,679 | 667,094 |
| Working capital turnover | 1.90 | 1.94 | 2.03 | 4.39 | 4.23 | 4.54 | 4.68 | 4.95 | 5.41 | 5.78 | 6.23 | 6.47 | 7.72 | 6.47 | 6.17 | 5.85 | 5.60 | 2.93 | 3.09 | 3.40 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,441,973K ÷ ($1,815,890K – $528,265K)
= 1.90
The working capital turnover for Itron Inc has shown fluctuating trends over the reported periods. The ratio started at 3.40 on March 31, 2020, and decreased to 2.93 by September 30, 2020. However, there was a significant improvement by December 31, 2020, where the ratio increased to 5.60, indicating a more efficient use of working capital.
The efficiency further increased to 7.72 on December 31, 2021, before declining gradually to 2.03 by June 30, 2024, and 1.90 by December 31, 2024. This decline suggests a potential decrease in the productivity of working capital during the latter period.
Overall, the working capital turnover ratio for Itron Inc fluctuated between 1.90 and 7.72 during the reporting periods, indicating varying degrees of efficiency in utilizing working capital to generate sales. The company should continue to monitor and manage its working capital effectively to ensure optimal operational performance and financial health.
Peer comparison
Dec 31, 2024