Enpro Industries (NPO)
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 | 1,048,700 | 1,039,400 | 1,029,200 | 1,034,200 | 1,059,300 | 1,082,100 | 1,111,500 | 1,167,900 | 1,214,000 | 1,222,900 | 1,225,900 | 1,191,200 | 1,141,800 | 1,137,000 | 1,122,200 | 1,070,600 | 1,074,000 | 1,084,500 | 1,189,200 | 1,329,200 |
| Total current assets | US$ in thousands | 512,300 | 519,200 | 480,800 | 464,200 | 650,300 | 636,500 | 754,700 | 715,300 | 684,200 | 650,600 | 629,000 | 692,100 | 713,000 | 709,500 | 646,100 | 598,500 | 579,000 | 816,500 | 789,200 | 781,700 |
| Total current liabilities | US$ in thousands | 198,000 | 188,400 | 176,900 | 179,200 | 196,400 | 195,100 | 187,100 | 199,900 | 211,500 | 253,300 | 330,100 | 391,700 | 379,100 | 222,400 | 216,500 | 203,000 | 202,000 | 243,100 | 261,400 | 281,300 |
| Working capital turnover | 3.34 | 3.14 | 3.39 | 3.63 | 2.33 | 2.45 | 1.96 | 2.27 | 2.57 | 3.08 | 4.10 | 3.97 | 3.42 | 2.33 | 2.61 | 2.71 | 2.85 | 1.89 | 2.25 | 2.66 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,048,700K ÷ ($512,300K – $198,000K)
= 3.34
Enpro Industries' working capital turnover has shown fluctuating trends over the observed period. The working capital turnover ratio indicates how efficiently a company is using its working capital to generate revenue.
At the beginning of the period, in March 31, 2020, the working capital turnover was at 2.66, which means that the company generated $2.66 in revenue for every dollar of working capital invested. The ratio decreased to 1.89 by September 30, 2020, indicating a potential inefficiency in the utilization of working capital.
However, the company managed to improve its efficiency over the following quarters, with the ratio reaching its peak at 4.10 on June 30, 2022. This suggests that Enpro Industries was able to generate $4.10 in revenue for every dollar of working capital during that period.
Subsequently, the ratio started to decline, reaching 2.27 by March 31, 2023. This downtrend continued until December 31, 2024, where the working capital turnover ratio stood at 3.34. Overall, Enpro Industries displayed varying levels of efficiency in utilizing its working capital to generate revenue over the observed period.