Enpro Industries (NPO)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,048,700 | 1,059,300 | 1,099,200 | 1,141,800 | 1,074,000 |
| Total current assets | US$ in thousands | 512,300 | 650,300 | 684,200 | 713,000 | 579,000 |
| Total current liabilities | US$ in thousands | 198,000 | 196,400 | 211,500 | 379,100 | 202,000 |
| Working capital turnover | 3.34 | 2.33 | 2.33 | 3.42 | 2.85 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,048,700K ÷ ($512,300K – $198,000K)
= 3.34
The working capital turnover ratio for Enpro Industries has shown some variability over the past five years. It increased from 2.85 in December 31, 2020, to 3.42 in December 31, 2021, indicating a more efficient utilization of working capital in generating sales during that period. However, there was a slight decline in the ratio to 2.33 in both December 31, 2022, and December 31, 2023, suggesting a potential weakening in working capital efficiency.
The ratio then saw a significant improvement to 3.34 by December 31, 2024, which may indicate that the company was able to better manage its working capital to support sales growth. Overall, Enpro Industries' working capital turnover shows some fluctuation, and it would be important to assess the underlying reasons for these variations to maintain efficient working capital management in the future.