Koppers Holdings Inc (KOP)
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 | 2,092,100 | 2,128,300 | 2,124,400 | 2,138,400 | 2,154,200 | 2,123,600 | 2,109,300 | 2,034,600 | 1,980,500 | 1,903,200 | 1,791,900 | 1,730,400 | 1,678,600 | 1,666,400 | 1,679,100 | 1,674,700 | 1,669,100 | 1,669,200 | 1,706,600 | 1,739,800 |
| Total current assets | US$ in thousands | 680,600 | 730,100 | 721,400 | 707,700 | 699,000 | 699,500 | 713,500 | 710,600 | 636,800 | 608,800 | 641,400 | 684,200 | 628,100 | 614,200 | 609,800 | 609,000 | 564,500 | 539,000 | 573,100 | 604,900 |
| Total current liabilities | US$ in thousands | 325,800 | 287,000 | 284,900 | 308,900 | 325,900 | 312,900 | 294,100 | 316,000 | 324,000 | 293,800 | 303,300 | 299,800 | 285,700 | 266,800 | 265,200 | 266,900 | 292,100 | 271,500 | 292,800 | 322,800 |
| Working capital turnover | 5.90 | 4.80 | 4.87 | 5.36 | 5.77 | 5.49 | 5.03 | 5.16 | 6.33 | 6.04 | 5.30 | 4.50 | 4.90 | 4.80 | 4.87 | 4.90 | 6.13 | 6.24 | 6.09 | 6.17 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,092,100K ÷ ($680,600K – $325,800K)
= 5.90
The working capital turnover of Koppers Holdings Inc has shown some fluctuations over the period under review. The ratio indicates how efficiently the company is using its working capital to generate revenue.
From March 31, 2020, to September 30, 2022, the working capital turnover remained relatively stable, ranging between 4.50 and 6.24. This suggests that during this period, the company was effectively utilizing its working capital to support its operations and generate sales.
However, from March 31, 2023, to December 31, 2024, there was a downward trend in the working capital turnover, decreasing from 5.77 to 4.80. This decline may indicate either a decrease in sales relative to the working capital investment or inefficiencies in managing working capital during this period.
The increase observed in the most recent quarter, ending December 31, 2024, where the working capital turnover rose to 5.90, shows some improvement compared to the previous quarter. It is essential for the company to closely monitor this ratio to ensure that working capital is effectively utilized to support operations and drive revenue growth in a sustainable manner.
Peer comparison
Dec 31, 2024