Minerals Technologies Inc (MTX)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,118,500 | 2,169,900 | 2,125,500 | 1,858,300 | 1,594,800 |
| Total current assets | US$ in thousands | 1,131,000 | 1,099,000 | 1,070,500 | 1,029,100 | 1,033,600 |
| Total current liabilities | US$ in thousands | 397,700 | 457,300 | 498,300 | 419,800 | 295,200 |
| Working capital turnover | 2.89 | 3.38 | 3.71 | 3.05 | 2.16 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,118,500K ÷ ($1,131,000K – $397,700K)
= 2.89
Minerals Technologies Inc's working capital turnover has shown a positive trend over the past five years, increasing from 2.16 in December 31, 2020, to 3.38 in December 31, 2023, before slightly decreasing to 2.89 in December 31, 2024. This indicates the company's ability to efficiently utilize its working capital to generate sales revenue. The consistent improvement in working capital turnover suggests effective management of the company's current assets and liabilities to support its operations. However, the slight decline in 2024 may warrant further analysis to understand any underlying factors affecting the company's working capital turnover efficiency. Overall, the increasing trend in working capital turnover reflects positively on Minerals Technologies Inc's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024