ITT Inc (ITT)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,630,700 | 3,283,000 | 2,987,700 | 2,765,000 | 2,477,800 |
| Total current assets | US$ in thousands | 1,864,700 | 1,857,700 | 1,836,800 | 1,722,100 | 1,917,300 |
| Total current liabilities | US$ in thousands | 1,333,200 | 1,037,800 | 1,185,500 | 928,300 | 871,000 |
| Working capital turnover | 6.83 | 4.00 | 4.59 | 3.48 | 2.37 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,630,700K ÷ ($1,864,700K – $1,333,200K)
= 6.83
The working capital turnover of ITT Inc has shown a steady increase over the years, indicating an improvement in the efficiency of its working capital management. The turnover ratio has progressed from 2.37 in December 2020 to 6.83 in December 2024. This trend suggests that the company is effectively utilizing its working capital to generate revenue. A higher working capital turnover ratio indicates that ITT Inc is efficiently using its current assets to support its operations and generate sales, reflecting positively on its liquidity and operational efficiency.
Peer comparison
Dec 31, 2024