Materion Corporation (MTRN)

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	1,640,521	1,651,211	1,609,993	1,574,968	1,633,620	1,648,357	1,675,646	1,725,472	1,735,899	2,803,789	2,384,788	1,947,417	1,504,455	348,644	352,178	357,767	364,481	304,953	315,512	325,994
Total current assets	US$ in thousands	724,224	795,360	739,116	739,708	709,382	709,592	697,833	699,854	690,448	709,664	706,968	672,912	627,252	556,493	516,565	494,755	463,999	504,423	656,444	478,784
Total current liabilities	US$ in thousands	226,734	252,828	227,482	254,615	254,995	217,205	233,250	245,817	238,964	202,290	210,225	201,461	204,509	172,769	161,227	147,435	126,884	251,626	268,528	113,670
Working capital turnover		3.30	3.04	3.15	3.25	3.60	3.35	3.61	3.80	3.84	5.53	4.80	4.13	3.56	0.91	0.99	1.03	1.08	1.21	0.81	0.89

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,640,521K ÷ ($724,224K – $226,734K)
= 3.30

The working capital turnover for Materion Corporation has shown fluctuations over the years, ranging from 0.81 to 5.53. A lower ratio indicates inefficiency in managing working capital, while a higher ratio signifies more effective utilization of working capital to generate sales.

The trend for Materion Corporation's working capital turnover has generally been improving from the low levels seen in mid-2020 to peaking in the second half of 2022. This improvement indicates the company has been able to generate more sales revenue relative to its working capital, which is a positive sign of operational efficiency.

However, there was a notable decline in the working capital turnover in late 2023 and early 2024, which may suggest a potential inefficiency or slower sales growth relative to working capital during that period.

Overall, Materion Corporation should continue monitoring and managing its working capital effectively to ensure optimal utilization and efficiency in generating sales revenue.