JBTMarel Corp (JBTM)
Working capital turnover
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,710,300 | 2,177,800 | 1,716,000 | 1,693,000 | 1,642,800 | 1,668,200 | 1,664,400 | 1,818,900 | 1,814,100 | 1,780,400 | 1,861,100 | 1,759,600 | 1,838,200 | 1,919,700 | 1,868,300 | 1,810,100 | 1,751,900 | 1,687,900 | 1,727,800 | 1,833,900 |
| Total current assets | US$ in thousands | 1,529,000 | 1,488,500 | 1,863,300 | 1,205,600 | 1,125,400 | 1,102,400 | 1,100,200 | 1,091,600 | 886,800 | 866,200 | 926,500 | 874,400 | 806,900 | 777,100 | 718,700 | 664,400 | 778,100 | 597,400 | 616,100 | 634,500 |
| Total current liabilities | US$ in thousands | 1,643,700 | 1,183,400 | 535,500 | 473,400 | 442,900 | 466,100 | 484,400 | 584,300 | 610,000 | 618,300 | 624,000 | 619,200 | 606,700 | 595,900 | 549,900 | 502,800 | 478,900 | 469,400 | 457,500 | 434,600 |
| Working capital turnover | — | 7.14 | 1.29 | 2.31 | 2.41 | 2.62 | 2.70 | 3.59 | 6.55 | 7.18 | 6.15 | 6.89 | 9.18 | 10.59 | 11.07 | 11.20 | 5.86 | 13.19 | 10.89 | 9.17 |
June 30, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,710,300K ÷ ($1,529,000K – $1,643,700K)
= —
The working capital turnover ratio for JBTMarel Corp exhibits significant fluctuations over the observed period from September 2020 through June 2025. Initially, the ratio increased from 9.17 in September 2020 to a peak of 13.19 in March 2021, indicating enhanced efficiency in utilizing working capital to generate sales during this period. Subsequently, there was a marked decline, most notably dropping to 5.86 in June 2021 and fluctuating thereafter within a range roughly between 6.15 and 11.20, reflecting varying levels of efficiency in managing working capital relative to sales.
From September 2021 onward, the ratio generally trended downward, reaching a low of 1.29 in December 2024. This significant decline suggests a reduced efficiency in turning working capital into sales, possibly indicating increased working capital or diminished sales efficiency. Notably, a temporary upturn occurs in March 2025, with the ratio rising sharply to 7.14, although data beyond this point is unavailable.
Overall, the trend illustrates an initial improvement followed by persistent deterioration in working capital efficiency, culminating in a substantially lower ratio in late 2024. This pattern may reflect evolving operational conditions, changes in inventory or receivables management, or shifts in sales performance impacting the company's capacity to generate revenue efficiently from its working capital.
Peer comparison
Jun 30, 2025