Leggett & Platt Incorporated (LEG)
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 | 4,384,300 | 4,443,000 | 4,516,700 | 4,608,700 | 4,725,300 | 4,806,000 | 4,925,000 | 5,038,000 | 5,146,700 | 5,283,800 | 5,308,600 | 5,244,000 | 5,072,600 | 4,921,700 | 4,810,100 | 4,385,600 | 4,280,200 | 4,243,100 | 4,274,800 | 4,642,900 |
| Total current assets | US$ in thousands | 1,690,500 | 1,734,500 | 1,788,600 | 1,860,300 | 1,881,400 | 1,886,200 | 1,905,800 | 2,014,800 | 1,958,000 | 2,001,000 | 2,091,800 | 2,138,000 | 2,065,300 | 1,983,600 | 1,894,800 | 1,789,000 | 1,612,100 | 1,518,300 | 1,410,300 | 1,782,000 |
| Total current liabilities | US$ in thousands | 846,400 | 1,171,700 | 1,167,900 | 1,188,300 | 1,262,600 | 1,009,100 | 955,600 | 968,600 | 968,100 | 965,000 | 1,331,400 | 1,351,200 | 1,335,700 | 1,338,000 | 1,107,100 | 995,600 | 1,006,000 | 947,400 | 775,500 | 854,700 |
| Working capital turnover | 5.19 | 7.89 | 7.28 | 6.86 | 7.64 | 5.48 | 5.18 | 4.82 | 5.20 | 5.10 | 6.98 | 6.66 | 6.95 | 7.62 | 6.11 | 5.53 | 7.06 | 7.43 | 6.73 | 5.01 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,384,300K ÷ ($1,690,500K – $846,400K)
= 5.19
The working capital turnover ratio for Leggett & Platt Incorporated has fluctuated over the years based on the provided data. The ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue.
From March 31, 2020, to September 30, 2021, there was a steady increase in the working capital turnover ratio from 5.01 to 7.62, reflecting an improvement in the company's ability to convert working capital into sales. This trend suggests that the company was effectively managing its working capital during this period.
However, from December 31, 2021, to March 31, 2024, the working capital turnover ratio experienced some fluctuations, varying between 4.82 and 7.64. These fluctuations could indicate changes in the company's operational efficiency or its management of working capital during these periods.
Overall, the working capital turnover ratio for Leggett & Platt Incorporated has shown some variability, but it is essential to further analyze the underlying factors that may have influenced these fluctuations to gain a comprehensive understanding of the company's working capital management efficiency.
Peer comparison
Dec 31, 2024