Mohawk Industries Inc (MHK)
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 | 10,836,900 | 10,811,980 | 10,859,170 | 11,008,300 | 11,135,120 | 11,173,520 | 11,324,870 | 11,527,630 | 11,737,070 | 11,847,130 | 11,746,610 | 11,547,250 | 11,200,620 | 11,081,640 | 10,839,490 | 9,935,460 | 9,552,190 | 9,334,940 | 9,279,250 | 9,813,930 |
| Total current assets | US$ in thousands | 5,496,900 | 5,621,400 | 5,641,300 | 5,721,700 | 5,604,220 | 5,504,320 | 5,851,330 | 6,061,140 | 5,895,100 | 5,854,330 | 5,940,730 | 5,564,740 | 5,238,360 | 5,646,080 | 5,950,560 | 5,566,010 | 5,363,650 | 5,151,990 | 4,746,000 | 4,613,030 |
| Total current liabilities | US$ in thousands | 2,672,300 | 2,771,000 | 2,937,700 | 3,120,100 | 3,145,910 | 3,188,570 | 3,287,940 | 3,318,370 | 3,070,280 | 3,904,750 | 3,924,380 | 3,871,630 | 2,946,360 | 2,901,740 | 3,178,890 | 3,007,290 | 2,371,250 | 2,387,110 | 1,872,230 | 2,871,280 |
| Working capital turnover | 3.84 | 3.79 | 4.02 | 4.23 | 4.53 | 4.83 | 4.42 | 4.20 | 4.15 | 6.08 | 5.83 | 6.82 | 4.89 | 4.04 | 3.91 | 3.88 | 3.19 | 3.38 | 3.23 | 5.63 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $10,836,900K ÷ ($5,496,900K – $2,672,300K)
= 3.84
The working capital turnover ratio of Mohawk Industries Inc has shown some fluctuations over the years based on the provided data. The ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue.
From March 31, 2020, to March 31, 2021, the working capital turnover increased steadily from 5.63 to 3.88. This suggests that Mohawk Industries became less efficient in using its working capital to generate sales during this period. However, from March 31, 2021, to June 30, 2022, there was a fluctuation in the ratio, hovering around the 3.91 to 6.82 range.
Subsequently, from June 30, 2022, to December 31, 2024, the working capital turnover ratio decreased gradually from 5.83 to 3.84, indicating a decreasing trend in efficiency in utilizing working capital to generate sales during this period.
Overall, Mohawk Industries Inc's working capital turnover ratio has shown variability over the years, which warrants further analysis to understand the factors contributing to these fluctuations in efficiency. This ratio is essential for assessing the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024