MKS Instruments Inc (MKSI)
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 | 3,362,000 | 3,227,000 | 3,177,000 | 3,322,000 | 3,259,000 | 3,467,000 | 3,500,000 | 3,343,000 | 3,377,000 | 3,132,600 | 2,994,200 | 2,979,700 | 2,924,200 | 2,826,800 | 2,674,400 | 2,468,000 | 2,307,300 | 2,146,751 | 2,019,233 | 1,943,569 |
| Total current assets | US$ in thousands | 2,474,000 | 2,668,000 | 2,648,000 | 2,661,000 | 2,696,000 | 2,775,000 | 2,728,000 | 2,748,000 | 2,794,000 | 2,791,000 | 2,349,000 | 2,258,000 | 2,147,000 | 1,994,900 | 2,121,700 | 1,922,500 | 1,804,400 | 1,669,700 | 1,569,800 | 1,456,600 |
| Total current liabilities | US$ in thousands | 775,000 | 781,000 | 740,000 | 721,000 | 848,000 | 838,000 | 835,000 | 876,000 | 952,000 | 1,011,000 | 457,000 | 436,000 | 460,000 | 437,100 | 420,300 | 371,900 | 373,900 | 364,300 | 351,600 | 321,600 |
| Working capital turnover | 1.98 | 1.71 | 1.67 | 1.71 | 1.76 | 1.79 | 1.85 | 1.79 | 1.83 | 1.76 | 1.58 | 1.64 | 1.73 | 1.81 | 1.57 | 1.59 | 1.61 | 1.64 | 1.66 | 1.71 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,362,000K ÷ ($2,474,000K – $775,000K)
= 1.98
The working capital turnover ratio of MKS Instruments Inc has shown varying trends over the past few years. The ratio indicates how efficiently the company is using its working capital to generate sales revenue.
From March 31, 2020, to December 31, 2024, the working capital turnover ratio fluctuated between 1.59 and 1.98. The highest ratio of 1.98 was recorded on December 31, 2024, suggesting that for every dollar of working capital, the company generated $1.98 in sales revenue. This may indicate an efficient utilization of working capital during that period.
However, it is important to note that the ratio experienced some fluctuations throughout the period, indicating changes in the company's working capital management efficiency. For a more detailed analysis, it would be beneficial to compare the working capital turnover ratio with industry benchmarks or historical performance to better understand MKS Instruments Inc's performance in utilizing its working capital effectively.
Peer comparison
Dec 31, 2024