Littelfuse Inc (LFUS)
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 | 2,190,769 | 2,195,071 | 2,234,752 | 2,288,260 | 2,362,657 | 2,442,101 | 2,493,910 | 2,500,349 | 2,513,897 | 2,453,711 | 2,334,412 | 2,239,464 | 2,079,928 | 1,927,559 | 1,779,544 | 1,563,393 | 1,445,695 | 1,383,522 | 1,353,927 | 1,444,469 |
| Total current assets | US$ in thousands | 1,567,430 | 1,562,520 | 1,463,980 | 1,444,110 | 1,408,600 | 1,458,320 | 1,441,350 | 1,401,600 | 1,511,800 | 1,431,310 | 1,718,820 | 1,318,210 | 1,270,210 | 1,435,940 | 1,318,920 | 1,192,410 | 1,217,310 | 1,148,930 | 1,119,160 | 1,092,480 |
| Total current liabilities | US$ in thousands | 434,573 | 439,866 | 418,189 | 404,972 | 375,494 | 481,646 | 495,680 | 519,638 | 572,295 | 448,810 | 398,769 | 365,344 | 434,633 | 421,640 | 381,692 | 326,545 | 275,648 | 234,606 | 209,157 | 208,215 |
| Working capital turnover | 1.93 | 1.96 | 2.14 | 2.20 | 2.29 | 2.50 | 2.64 | 2.83 | 2.68 | 2.50 | 1.77 | 2.35 | 2.49 | 1.90 | 1.90 | 1.81 | 1.54 | 1.51 | 1.49 | 1.63 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,190,769K ÷ ($1,567,430K – $434,573K)
= 1.93
Based on the data provided for Littelfuse Inc's working capital turnover from March 31, 2020, to December 31, 2024, we can observe fluctuations in the efficiency with which the company is utilizing its working capital.
The working capital turnover ratio measures how effectively a company is utilizing its working capital to generate sales revenue. A higher turnover ratio generally indicates more efficient management of working capital.
From March 31, 2020, to June 30, 2021, Littelfuse Inc's working capital turnover improved steadily from 1.63 to 1.90, reflecting an increase in efficiency in utilizing its working capital during this period. This trend suggests that the company was generating more sales revenue for each unit of working capital invested.
From June 30, 2021, to December 31, 2024, there were fluctuations in the working capital turnover ratio, ranging from 1.77 to 2.83. Despite some variability, the general trend indicates that the company continued to maintain a relatively efficient use of working capital to drive sales growth over this period.
Overall, the increasing trend in the working capital turnover ratio from March 31, 2020, to December 31, 2024, suggests that Littelfuse Inc has been successful in optimizing its working capital management to support its business operations and drive revenue growth.
Peer comparison
Dec 31, 2024