LCI Industries (LCII)
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 | 3,741,204 | 3,775,610 | 3,819,428 | 3,779,528 | 3,784,809 | 3,841,611 | 4,014,376 | 4,535,886 | 5,207,146 | 5,526,210 | 5,559,440 | 5,117,010 | 4,472,700 | 4,042,292 | 3,704,711 | 3,136,756 | 2,796,166 | 2,577,185 | 2,335,677 | 2,438,980 |
| Total current assets | US$ in thousands | 1,160,240 | 1,244,870 | 1,218,980 | 1,169,460 | 1,116,870 | 1,230,640 | 1,235,240 | 1,364,780 | 1,390,780 | 1,505,490 | 1,697,700 | 1,827,120 | 1,566,880 | 1,360,470 | 1,215,980 | 1,068,180 | 869,801 | 795,672 | 697,291 | 769,399 |
| Total current liabilities | US$ in thousands | 412,053 | 431,974 | 432,493 | 409,040 | 394,992 | 414,016 | 441,452 | 436,031 | 421,300 | 500,121 | 638,243 | 741,003 | 627,216 | 684,131 | 550,590 | 534,988 | 416,394 | 400,523 | 309,871 | 300,037 |
| Working capital turnover | 5.00 | 4.64 | 4.86 | 4.97 | 5.24 | 4.70 | 5.06 | 4.88 | 5.37 | 5.50 | 5.25 | 4.71 | 4.76 | 5.98 | 5.57 | 5.88 | 6.17 | 6.52 | 6.03 | 5.20 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,741,204K ÷ ($1,160,240K – $412,053K)
= 5.00
The working capital turnover ratio for LCI Industries indicates how efficiently the company is utilizing its working capital to generate sales revenue. A higher ratio typically suggests more effective utilization of working capital.
Based on the provided data:
- The working capital turnover ratio for LCI Industries ranged from 4.64 to 6.52 during the period from March 31, 2020, to December 31, 2024.
- The highest turnover ratio was observed on September 30, 2020, at 6.52, indicating effective management of working capital to support sales activities.
- There was fluctuation in the working capital turnover ratio over the years, with some quarters showing a decline and others experiencing an increase.
- The ratio started at 5.20 on March 31, 2020, and ended at 5.00 on December 31, 2024, with fluctuations in between.
Overall, the working capital turnover ratio for LCI Industries has shown variability over the years, but it is essential for the company to monitor this ratio to ensure optimal utilization of working capital in generating sales revenue.
Peer comparison
Dec 31, 2024