Koppers Holdings Inc (KOP)
Working capital turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,083,200 | 2,057,800 | 2,051,100 | 1,985,600 | 1,935,700 | 1,860,900 | 1,750,800 | 1,690,300 | 1,638,100 | 1,625,600 | 1,636,700 | 1,629,600 | 1,620,200 | 1,630,600 | 1,664,300 | 1,694,300 | 1,724,600 | 1,756,800 | 1,725,000 | 1,692,700 |
| Total current assets | US$ in thousands | 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 | 519,500 | 517,600 | 557,400 | 543,300 |
| Total current liabilities | US$ in thousands | 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 | 296,200 | 264,100 | 277,000 | 276,400 |
| Working capital turnover | 5.58 | 5.32 | 4.89 | 5.03 | 6.19 | 5.91 | 5.18 | 4.40 | 4.78 | 4.68 | 4.75 | 4.76 | 5.95 | 6.10 | 5.94 | 6.01 | 7.72 | 6.93 | 6.15 | 6.34 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,083,200K ÷ ($699,000K – $325,900K)
= 5.58
The working capital turnover ratio for Koppers Holdings Inc has shown a fluctuating trend over the past eight quarters, ranging from a high of 6.33 in Q4 2022 to a low of 4.50 in Q1 2022. The average working capital turnover ratio over this period is approximately 5.55.
A high working capital turnover ratio indicates that the company is effectively utilizing its working capital to generate sales revenue. In the case of Koppers Holdings Inc, the ratios above 5 suggest that the company is efficiently managing its working capital to support its operations.
The downward trend in the working capital turnover ratio from Q4 2022 to Q1 2022 may indicate a less efficient utilization of working capital during those quarters. However, the ratios have generally remained above 5, indicating that Koppers Holdings Inc has overall been effective in converting its working capital into sales.
To gain a deeper understanding of the factors influencing the working capital turnover ratio, it would be necessary to analyze the company's working capital components, such as current assets and current liabilities, in more detail.
Peer comparison
Dec 31, 2023