Kadant Inc (KAI)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,050,980 | 950,662 | 896,492 | 782,025 | 627,794 |
| Total current assets | US$ in thousands | 442,326 | 440,182 | 415,410 | 383,882 | 289,820 |
| Total current liabilities | US$ in thousands | 191,565 | 214,409 | 213,461 | 221,497 | 134,688 |
| Working capital turnover | 4.19 | 4.21 | 4.44 | 4.82 | 4.05 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,050,980K ÷ ($442,326K – $191,565K)
= 4.19
The working capital turnover of Kadant Inc has shown a consistent trend over the years analyzed. It increased from 4.05 in December 31, 2020, to a peak of 4.82 in December 31, 2021. Subsequently, it slightly declined to 4.44 in December 31, 2022, and further decreased to 4.21 in December 31, 2023. The ratio then remained relatively stable at 4.19 in December 31, 2024. This demonstrates that Kadant Inc efficiently utilizes its working capital to generate revenues, with the company able to turn over its working capital more than four times a year on average during the period under review.
Peer comparison
Dec 31, 2024