MasTec Inc (MTZ)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,303,500 | 11,995,900 | 9,778,040 | 7,951,780 | 6,320,980 |
| Total current assets | US$ in thousands | 3,652,530 | 3,974,250 | 3,859,130 | 2,873,950 | 2,359,020 |
| Total current liabilities | US$ in thousands | 2,999,700 | 2,837,220 | 2,496,040 | 1,784,600 | 1,415,200 |
| Working capital turnover | 18.85 | 10.55 | 7.17 | 7.30 | 6.70 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $12,303,500K ÷ ($3,652,530K – $2,999,700K)
= 18.85
MasTec Inc's working capital turnover has shown a consistent increase over the years, reflecting an improvement in the efficiency of its working capital management. The ratio has grown from 6.70 in December 2020 to 18.85 in December 2024. This indicates that the company is generating a higher level of revenue relative to its working capital investment, which is a positive sign of operational efficiency. The significant increase in working capital turnover from 2023 to 2024, going from 10.55 to 18.85, suggests that MasTec has improved its ability to efficiently utilize its working capital to support its operations and generate sales. Overall, the upward trend in working capital turnover signifies that MasTec has been able to optimize its working capital usage effectively over the years.
Peer comparison
Dec 31, 2024