MSA Safety (MSA)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,808,140 | 1,787,650 | 1,527,950 | 1,400,180 | 1,348,220 |
| Total current assets | US$ in thousands | 803,030 | 786,270 | 880,126 | 792,804 | 756,429 |
| Total current liabilities | US$ in thousands | 288,093 | 332,818 | 345,865 | 330,606 | 310,545 |
| Working capital turnover | 3.51 | 3.94 | 2.86 | 3.03 | 3.02 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,808,140K ÷ ($803,030K – $288,093K)
= 3.51
The working capital turnover ratio for MSA Safety has shown some fluctuations over the past five years. In 2020, the company achieved a working capital turnover of 3.02, indicating that it generated $3.02 in revenue for every $1 of working capital invested. This ratio increased slightly to 3.03 in 2021 before experiencing a dip to 2.86 in 2022. However, there was a significant improvement in 2023, with the ratio reaching 3.94, reflecting a more efficient utilization of working capital. In 2024, the ratio decreased slightly to 3.51, remaining relatively strong. Overall, MSA Safety has generally maintained a healthy level of working capital turnover, suggesting effective management of its working capital resources to support revenue generation.
Peer comparison
Dec 31, 2024