Minerals Technologies Inc (MTX)
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 | 2,118,500 | 2,124,900 | 2,148,000 | 2,158,300 | 2,169,900 | 2,153,000 | 2,147,100 | 2,152,600 | 2,125,600 | 2,094,900 | 2,026,200 | 1,924,800 | 1,858,300 | 1,813,200 | 1,728,300 | 1,629,900 | 1,594,800 | 1,603,200 | 1,664,200 | 1,770,800 |
| Total current assets | US$ in thousands | 1,131,000 | 1,140,800 | 1,113,800 | 1,101,300 | 1,099,000 | 1,094,200 | 1,079,800 | 1,114,900 | 1,070,500 | 1,073,500 | 1,067,500 | 1,090,300 | 1,029,100 | 1,029,800 | 1,085,500 | 1,044,600 | 1,033,600 | 1,047,900 | 884,400 | 897,600 |
| Total current liabilities | US$ in thousands | 397,700 | 464,000 | 453,600 | 441,800 | 457,300 | 473,500 | 472,200 | 513,000 | 498,300 | 493,500 | 465,900 | 455,100 | 419,800 | 423,300 | 293,900 | 288,800 | 295,200 | 272,000 | 509,000 | 381,500 |
| Working capital turnover | 2.89 | 3.14 | 3.25 | 3.27 | 3.38 | 3.47 | 3.53 | 3.58 | 3.71 | 3.61 | 3.37 | 3.03 | 3.05 | 2.99 | 2.18 | 2.16 | 2.16 | 2.07 | 4.43 | 3.43 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (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 fluctuations over the analyzed period. The working capital turnover ratio measures how efficiently the company is utilizing its working capital to generate revenue.
From March 31, 2020, to December 31, 2020, the working capital turnover ratio ranged between 2.07 and 4.43, indicating some volatility in the efficiency of working capital management. Subsequently, from March 31, 2021, to June 30, 2022, the ratio remained relatively stable, hovering around 2.16 to 3.37.
From September 30, 2022, to December 31, 2024, the working capital turnover saw a gradual increase overall, reaching a peak of 3.71 by the end of December 31, 2022, and then exhibiting a slight decline towards the end of the period.
This trend suggests that Minerals Technologies Inc was able to improve the efficiency of its working capital management from 2022 to 2023 before experiencing a slight decrease towards the end of 2024. Overall, the company's working capital turnover indicates the ability to efficiently convert working capital into revenue, albeit with some fluctuations throughout the analyzed period.
Peer comparison
Dec 31, 2024