Quaker Chemical Corporation (KWR)
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 | 1,838,723 | 1,807,300 | 1,831,773 | 1,857,826 | 1,882,612 | 1,892,565 | 1,899,214 | 1,897,711 | 1,880,954 | 1,865,850 | 1,827,228 | 1,779,037 | 1,740,473 | 1,678,776 | 1,593,852 | 1,442,077 | 1,384,720 | 1,398,527 | 1,359,589 | 1,286,904 |
| Total current assets | US$ in thousands | 876,417 | 941,853 | 919,100 | 933,029 | 927,889 | 966,311 | 984,001 | 1,029,300 | 994,137 | 984,703 | 1,045,820 | 987,659 | 920,254 | 893,196 | 867,905 | 831,041 | 792,727 | 718,564 | 849,238 | 895,228 |
| Total current liabilities | US$ in thousands | 379,768 | 371,345 | 350,077 | 350,227 | 367,510 | 352,107 | 346,538 | 369,412 | 354,786 | 365,731 | 400,725 | 452,549 | 430,467 | 409,959 | 400,434 | 396,435 | 382,960 | 337,140 | 282,691 | 340,587 |
| Working capital turnover | 3.70 | 3.17 | 3.22 | 3.19 | 3.36 | 3.08 | 2.98 | 2.88 | 2.94 | 3.01 | 2.83 | 3.32 | 3.55 | 3.47 | 3.41 | 3.32 | 3.38 | 3.67 | 2.40 | 2.32 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,838,723K ÷ ($876,417K – $379,768K)
= 3.70
Quaker Chemical Corporation's working capital turnover has shown fluctuations over the periods analyzed. The company's working capital turnover ratio, which measures the efficiency of using working capital to generate sales, increased from 2.32 on March 31, 2020, to a peak of 3.70 on December 31, 2024.
There was a notable increase in the ratio between September 30, 2020, and December 31, 2020, indicating an improvement in the company's ability to convert working capital into revenue. However, the ratio experienced some fluctuations in subsequent periods.
The efficiency of Quaker Chemical Corporation in utilizing its working capital to generate sales seems to have stabilized around a range between 2.83 and 3.70 from June 30, 2022, to December 31, 2024. This suggests that the company has been managing its working capital effectively to support its sales activities during these periods. Overall, the working capital turnover ratio reflects the company's operational efficiency and ability to optimize its working capital resources.
Peer comparison
Dec 31, 2024