Matson Inc (MATX)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,421,800 | 3,094,600 | 4,343,000 | 3,925,300 | 2,383,300 |
| Total current assets | US$ in thousands | 609,600 | 602,300 | 759,600 | 704,500 | 305,900 |
| Total current liabilities | US$ in thousands | 560,400 | 562,300 | 581,600 | 612,400 | 511,500 |
| Working capital turnover | 69.55 | 77.36 | 24.40 | 42.62 | — |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,421,800K ÷ ($609,600K – $560,400K)
= 69.55
The working capital turnover for Matson Inc has fluctuated over the past five years. In December 2020, the working capital turnover was not available. However, in December 2021, the ratio was 42.62, indicating that Matson Inc was able to generate $42.62 in revenue for every $1 of working capital invested.
In the following year, December 2022, the working capital turnover decreased to 24.40, suggesting a decrease in the efficiency of utilizing working capital to generate revenue. However, there was a significant improvement in December 2023, with the working capital turnover soaring to 77.36.
In the most recent year, December 2024, the working capital turnover slightly declined to 69.55, still showcasing a strong ability to generate revenue relative to working capital. Overall, the trend in the working capital turnover indicates variability in the efficiency of Matson Inc's working capital management over the years, with notable improvements in some periods and slight decreases in others.
Peer comparison
Dec 31, 2024