Penumbra Inc (PEN)
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 | 1,194,615 | 1,163,776 | 1,133,683 | 1,095,779 | 1,058,522 | 995,059 | 937,791 | 884,636 | 847,133 | 829,928 | 806,367 | 782,281 | 747,590 | 710,477 | 671,436 | 592,287 | 560,412 | 538,777 | 527,203 | 556,295 |
Total current assets | US$ in thousands | 951,125 | 891,753 | 943,795 | 935,023 | 915,402 | 868,476 | 827,876 | 786,490 | 755,699 | 723,625 | 717,961 | 690,326 | 681,474 | 667,987 | 653,112 | 635,127 | 617,702 | 590,199 | 575,895 | 453,740 |
Total current liabilities | US$ in thousands | 158,345 | 153,185 | 150,994 | 152,803 | 151,144 | 145,078 | 144,124 | 146,328 | 144,932 | 138,332 | 145,604 | 130,099 | 123,197 | 116,059 | 108,046 | 111,862 | 105,932 | 108,055 | 77,612 | 88,074 |
Working capital turnover | 1.51 | 1.58 | 1.43 | 1.40 | 1.39 | 1.38 | 1.37 | 1.38 | 1.39 | 1.42 | 1.41 | 1.40 | 1.34 | 1.29 | 1.23 | 1.13 | 1.10 | 1.12 | 1.06 | 1.52 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,194,615K ÷ ($951,125K – $158,345K)
= 1.51
The working capital turnover ratio for Penumbra Inc has shown a fluctuating trend over the years, ranging from a low of 1.06 in June 2020 to a high of 1.58 in September 2024. This ratio measures the efficiency of the company in utilizing its working capital to generate sales revenue.
Overall, the working capital turnover ratio has generally increased from 1.06 in June 2020 to 1.51 in December 2024, indicating an improvement in the company's ability to generate sales relative to its working capital. The upward trend suggests that Penumbra Inc has been more effective in managing its working capital over the years.
However, there were some fluctuations in the ratio during this period, reaching a peak of 1.58 in September 2024 before slightly decreasing to 1.51 by the end of December 2024. These fluctuations could be influenced by various factors such as changes in sales volume, inventory management, or payment terms with suppliers.
Overall, the upward trend in the working capital turnover ratio suggests that Penumbra Inc has improved its efficiency in utilizing its working capital to support its sales activities, which is a positive indicator of the company's operational performance.
Peer comparison
Dec 31, 2024