NV5 Global Inc (NVEE)
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 | 857,905 | 966,943 | 932,890 | 919,202 | 877,471 | 836,060 | 800,848 | 780,942 | 786,779 | 785,516 | 766,994 | 743,765 | 706,706 | 679,329 | 663,725 | 646,911 | 659,296 | 630,716 | 591,799 | 557,084 |
| Total current assets | US$ in thousands | 411,011 | 399,122 | 354,246 | 332,112 | 329,064 | 349,586 | 305,630 | 301,685 | 290,676 | 314,456 | 291,026 | 308,323 | 303,970 | 348,106 | 316,744 | 282,898 | 288,876 | 279,728 | 285,171 | 258,451 |
| Total current liabilities | US$ in thousands | 210,254 | 194,827 | 154,834 | 162,229 | 159,419 | 193,610 | 166,529 | 168,727 | 160,894 | 163,874 | 156,228 | 152,862 | 163,951 | 135,805 | 134,198 | 136,331 | 136,186 | 113,334 | 119,236 | 109,389 |
| Working capital turnover | 4.27 | 4.73 | 4.68 | 5.41 | 5.17 | 5.36 | 5.76 | 5.87 | 6.06 | 5.22 | 5.69 | 4.78 | 5.05 | 3.20 | 3.64 | 4.41 | 4.32 | 3.79 | 3.57 | 3.74 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $857,905K ÷ ($411,011K – $210,254K)
= 4.27
The working capital turnover ratio of NV5 Global Inc has shown fluctuations over the reporting periods analyzed. The ratio measures how efficiently the company is utilizing its working capital to generate revenue. A higher ratio indicates better efficiency in utilizing working capital.
From March 31, 2020, to December 31, 2024, the working capital turnover ratio ranged from 3.57 to 6.06, with the highest figure recorded at the end of December 31, 2022. This increase indicates that the company improved its efficiency in utilizing its working capital to generate sales revenue during that period.
Overall, NV5 Global Inc's working capital turnover has shown a generally positive trend, with some fluctuations observed. It is important for the company to maintain efficiency in managing its working capital to sustain or improve its operational performance in the future.
It would be beneficial for stakeholders to further investigate the factors contributing to the fluctuation in the working capital turnover ratio to assess the company's financial health and efficiency in managing its working capital.
Peer comparison
Dec 31, 2024