Kadant Inc (KAI)
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 | 1,050,980 | 1,018,692 | 994,700 | 967,892 | 950,662 | 940,848 | 921,395 | 898,831 | 896,492 | 886,251 | 861,715 | 835,956 | 782,025 | 731,855 | 686,323 | 642,488 | 627,800 | 643,346 | 660,835 | 683,520 |
| Total current assets | US$ in thousands | 442,326 | 469,550 | 455,332 | 454,749 | 440,182 | 436,122 | 435,643 | 450,106 | 415,410 | 400,993 | 393,992 | 392,276 | 383,882 | 376,028 | 405,496 | 309,754 | 289,820 | 283,541 | 287,651 | 287,681 |
| Total current liabilities | US$ in thousands | 191,565 | 205,227 | 201,978 | 222,051 | 214,409 | 213,564 | 213,218 | 225,847 | 213,461 | 213,000 | 212,971 | 217,580 | 221,497 | 198,659 | 161,180 | 146,594 | 134,688 | 127,862 | 148,386 | 129,899 |
| Working capital turnover | 4.19 | 3.85 | 3.93 | 4.16 | 4.21 | 4.23 | 4.14 | 4.01 | 4.44 | 4.71 | 4.76 | 4.79 | 4.82 | 4.13 | 2.81 | 3.94 | 4.05 | 4.13 | 4.75 | 4.33 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,050,980K ÷ ($442,326K – $191,565K)
= 4.19
The working capital turnover ratio for Kadant Inc has ranged from 2.81 to 4.82 over the past few years. This ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue. A higher working capital turnover ratio signifies that the company is effectively managing its working capital to support its operations.
In the case of Kadant Inc, the working capital turnover ratio has generally remained within a reasonable range, showing consistency in its working capital management efficiency. There were slight fluctuations in the ratio, but overall, the company has maintained a healthy level of working capital turnover.
It is important for Kadant Inc to continue monitoring and managing its working capital effectively to ensure sustainable operations and capitalize on growth opportunities. Overall, the working capital turnover ratio provides insight into the company's working capital management efficiency and financial performance.
Peer comparison
Dec 31, 2024