N-Able Inc (NABL)
Working capital turnover
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Revenue | US$ in thousands | 462,627 | 421,880 | 371,769 | 346,456 | 302,871 |
Total current assets | US$ in thousands | 183,923 | 224,791 | 154,156 | 120,989 | 135,722 |
Total current liabilities | US$ in thousands | 150,098 | 81,717 | 61,814 | 60,878 | 54,827 |
Working capital turnover | 13.68 | 2.95 | 4.03 | 5.76 | 3.74 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $462,627K ÷ ($183,923K – $150,098K)
= 13.68
The working capital turnover of N-Able Inc has shown fluctuating trends over the past five years. In 2020, the working capital turnover stood at 3.74, indicating that the company generated $3.74 in revenue for every dollar of working capital invested. The ratio improved in 2021 to 5.76, suggesting more efficient utilization of working capital to generate sales. However, in 2022, the ratio decreased to 4.03, indicating a potential slowdown in the company's ability to convert working capital into sales.
By 2023, the working capital turnover further declined to 2.95, raising concerns about the company's efficiency in managing working capital. Yet, in 2024, a significant improvement was observed as the working capital turnover spiked to 13.68, reflecting a substantial increase in sales relative to the investment in working capital.
Overall, the working capital turnover ratio of N-Able Inc has experienced fluctuations, with a mix of positive and concerning trends. It is important for the company to closely monitor and manage its working capital levels to ensure optimal efficiency in generating sales and maintaining healthy liquidity levels.
Peer comparison
Dec 31, 2024