Mativ Holdings Inc. (MATV)
Working capital turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,204,600 | 2,392,000 | 2,560,900 | 2,326,800 | 2,069,000 | 1,839,000 | 1,557,000 | 1,515,700 | 1,408,700 | 1,297,700 | 1,200,900 | 1,082,300 | 1,051,600 | 1,010,700 | 988,900 | 997,600 | 993,200 | 1,003,400 | 1,014,000 | 1,029,600 |
| Total current assets | US$ in thousands | 712,500 | 914,400 | 963,200 | 1,005,200 | 974,700 | 1,064,000 | 653,700 | 638,000 | 594,600 | 609,800 | 578,700 | 428,100 | 396,400 | 422,400 | 404,400 | 473,700 | 427,500 | 418,900 | 441,700 | 430,400 |
| Total current liabilities | US$ in thousands | 281,400 | 403,500 | 426,200 | 468,500 | 466,200 | 439,300 | 242,800 | 243,400 | 231,100 | 246,600 | 244,400 | 157,700 | 166,900 | 159,300 | 136,700 | 142,400 | 157,600 | 144,500 | 142,100 | 139,700 |
| Working capital turnover | 5.11 | 4.68 | 4.77 | 4.34 | 4.07 | 2.94 | 3.79 | 3.84 | 3.88 | 3.57 | 3.59 | 4.00 | 4.58 | 3.84 | 3.69 | 3.01 | 3.68 | 3.66 | 3.38 | 3.54 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,204,600K ÷ ($712,500K – $281,400K)
= 5.11
The working capital turnover for Mativ Holdings Inc has shown fluctuation over the past eight quarters. The ratio indicates how efficiently the company is utilizing its working capital to generate revenue.
From Q1 2022 to Q3 2022, there was a general increasing trend in the working capital turnover ratio, reaching a peak of 3.95 in Q1 2022. However, in Q4 2022, there was a significant jump to 4.26, indicating a sudden improvement in efficiency.
Throughout 2023, the working capital turnover ratio continued to increase, reaching a high of 4.99 in Q2 2023, which indicates that the company was able to generate more revenue with each unit of working capital. However, in Q4 2023, the ratio declined to 4.70, showing a slight decrease in efficiency compared to the previous quarter.
Overall, the working capital turnover ratio for Mativ Holdings Inc has shown an improving trend over the past eight quarters, with some fluctuations. It indicates that the company has been effectively managing its working capital to support its revenue generation activities.
Peer comparison
Dec 31, 2023