Mesa Laboratories Inc (MLAB)

Working capital turnover

Mar 31, 2025 Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021
Revenue US$ in thousands — 216,187 219,080 184,335 133,937
Total current assets US$ in thousands — 109,352 118,975 124,318 303,009
Total current liabilities US$ in thousands — 44,312 43,359 48,055 32,583
Working capital turnover — 3.32 2.90 2.42 0.50

March 31, 2025 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $—K ÷ ($—K – $—K)
= —

The working capital turnover of Mesa Laboratories Inc has exhibited a significant improvement over the years. The ratio, which was 0.50 as of March 31, 2021, increased steadily to 2.42 by March 31, 2022, indicating that the company was able to generate $2.42 in revenue for every dollar of working capital invested. This upward trend continued in subsequent years, reaching 2.90 by March 31, 2023, and further improving to 3.32 by March 31, 2024.

The working capital turnover ratio of 3.32 as of March 31, 2024 suggests that Mesa Laboratories Inc efficiently utilized its working capital to generate sales. However, it's important to note that the data for March 31, 2025 is unavailable (denoted by "\u2014"), which limits a complete assessment of the company's recent performance. Overall, the increasing trend in working capital turnover reflects the company's effectiveness in managing its working capital to drive revenue growth.