Mativ Holdings Inc. (MATV)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,981,100 | 2,026,000 | 2,167,400 | 1,440,000 | 1,074,400 |
| Total current assets | US$ in thousands | 658,100 | 712,500 | 974,700 | 594,600 | 396,400 |
| Total current liabilities | US$ in thousands | 274,500 | 281,400 | 466,100 | 231,100 | 166,900 |
| Working capital turnover | 5.16 | 4.70 | 4.26 | 3.96 | 4.68 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,981,100K ÷ ($658,100K – $274,500K)
= 5.16
The working capital turnover for Mativ Holdings Inc. has shown a positive trend over the past five years. Starting at 4.68 in 2020, it decreased slightly to 3.96 in 2021 before steadily increasing to 5.16 in 2024. This indicates that the company is efficiently utilizing its working capital to generate revenue. A higher working capital turnover ratio signifies that the company is able to generate more sales with less investment in working capital. Overall, Mativ Holdings Inc. has shown improvement in its working capital management and operational efficiency over the years, which is a positive indicator for its financial health.
Peer comparison
Dec 31, 2024