Penumbra Inc (PEN)
Working capital turnover
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Revenue | US$ in thousands | 1,194,620 | 1,058,520 | 847,133 | 747,590 | 560,412 |
Total current assets | US$ in thousands | 951,125 | 915,402 | 755,699 | 681,474 | 617,702 |
Total current liabilities | US$ in thousands | 158,345 | 151,144 | 144,932 | 123,197 | 105,932 |
Working capital turnover | 1.51 | 1.39 | 1.39 | 1.34 | 1.10 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,194,620K ÷ ($951,125K – $158,345K)
= 1.51
The working capital turnover of Penumbra Inc has shown a positive trend over the years. Starting at 1.10 in December 2020, the company has effectively managed its working capital to generate sales. By December 2021, the working capital turnover improved to 1.34, indicating that the company utilized its working capital more efficiently to support its revenue generation. This trend continued in 2022 and 2023, where the working capital turnover increased to 1.39 for both years.
Notably, by December 2024, the working capital turnover reached its highest point of 1.51, showcasing the company's ability to optimize its working capital resources to generate sales. This consistent improvement in working capital turnover demonstrates Penumbra Inc's proficient management of its working capital to support its operations and drive revenue growth efficiently.
Peer comparison
Dec 31, 2024