Insulet Corporation (PODD)
Working capital turnover
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Revenue | US$ in thousands | 2,071,600 | 1,697,100 | 1,305,300 | 1,098,800 | 904,400 |
Total current assets | US$ in thousands | 1,891,300 | 1,582,900 | 1,314,000 | 1,329,800 | 1,248,700 |
Total current liabilities | US$ in thousands | 528,400 | 451,200 | 364,700 | 228,800 | 207,800 |
Working capital turnover | 1.52 | 1.50 | 1.38 | 1.00 | 0.87 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,071,600K ÷ ($1,891,300K – $528,400K)
= 1.52
Insulet Corporation's working capital turnover has shown a positive trend over the years, increasing from 0.87 in December 31, 2020, to 1.52 in December 31, 2024. This indicates that the company has been able to efficiently utilize its working capital to generate sales revenue. A higher working capital turnover ratio signifies that the company is managing its working capital effectively and is generating more sales relative to its level of working capital. This could suggest improved liquidity and operational efficiency within the company. Overall, the increasing trend in Insulet Corporation's working capital turnover ratio is a positive indicator of its operational efficiency and financial performance.
Peer comparison
Dec 31, 2024