LeMaitre Vascular Inc (LMAT)

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	219,863	213,029	205,621	199,887	193,484	185,555	177,172	169,165	161,651	160,200	159,540	158,102	154,424	152,469	150,517	134,698	129,366	121,988	114,672	119,304
Total current assets	US$ in thousands	402,192	227,116	205,797	196,880	188,851	182,184	174,490	164,768	161,733	153,142	148,486	141,411	139,883	134,016	90,020	90,657	94,263	102,252	91,869	89,722
Total current liabilities	US$ in thousands	30,607	29,343	25,446	26,810	29,879	29,029	25,855	23,904	25,329	23,439	23,405	18,267	21,813	22,114	21,480	22,300	25,145	44,446	44,357	16,594
Working capital turnover		0.59	1.08	1.14	1.18	1.22	1.21	1.19	1.20	1.19	1.24	1.28	1.28	1.31	1.36	2.20	1.97	1.87	2.11	2.41	1.63

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $219,863K ÷ ($402,192K – $30,607K)
= 0.59

LeMaitre Vascular Inc's working capital turnover has shown fluctuations over the periods provided in the data. The working capital turnover ratio indicates how effectively a company is using its working capital to generate sales revenue.

From March 31, 2020, to June 30, 2021, the working capital turnover improved, reaching a peak of 2.41 on June 30, 2020. This increase suggests that the company was able to generate more revenue for each unit of working capital during this period.

However, from September 30, 2021, onwards, the working capital turnover ratio began to decline steadily. This downward trend indicates that the company's efficiency in utilizing its working capital to generate sales decreased over time.

By the end of December 31, 2024, the working capital turnover ratio had dropped significantly to 0.59, indicating a potential inefficiency in managing working capital to generate revenue.

Overall, the trend in LeMaitre Vascular Inc's working capital turnover suggests a need for the company to focus on optimizing its working capital management to improve efficiency in generating sales revenue.