Koppers Holdings Inc (KOP)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,092,100 | 2,154,200 | 1,980,500 | 1,678,600 | 1,669,100 |
| Total current assets | US$ in thousands | 680,600 | 699,000 | 636,800 | 628,100 | 564,500 |
| Total current liabilities | US$ in thousands | 325,800 | 325,900 | 324,000 | 285,700 | 292,100 |
| Working capital turnover | 5.90 | 5.77 | 6.33 | 4.90 | 6.13 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,092,100K ÷ ($680,600K – $325,800K)
= 5.90
Koppers Holdings Inc's working capital turnover has displayed fluctuations over the past five years. The ratio stood at 6.13 as of December 31, 2020, indicating that the company generated $6.13 in revenue for every dollar of working capital invested. Subsequently, there was a decrease to 4.90 by December 31, 2021, suggesting a decline in efficiency in utilizing working capital to generate sales.
However, there was a notable improvement in efficiency in the following years, with the ratio climbing to 6.33 as of December 31, 2022, and then slightly decreasing to 5.77 by December 31, 2023. The most recent data point as of December 31, 2024, shows a ratio of 5.90.
Overall, the working capital turnover ratio for Koppers Holdings Inc has shown some variability, with improvements observed in some years while facing declines in others. This ratio provides insights into the company's operational efficiency in managing its working capital to drive sales revenue.
Peer comparison
Dec 31, 2024