Proto Labs Inc (PRLB)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 500,890 | 503,877 | 488,398 | 488,098 | 434,395 |
| Total current assets | US$ in thousands | 194,854 | 200,660 | 186,568 | 183,492 | 242,002 |
| Total current liabilities | US$ in thousands | 53,271 | 49,681 | 71,581 | 54,896 | 50,254 |
| Working capital turnover | 3.54 | 3.34 | 4.25 | 3.80 | 2.27 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $500,890K ÷ ($194,854K – $53,271K)
= 3.54
Proto Labs Inc's working capital turnover has shown an improving trend over the past five years, increasing from 2.27 in December 2020 to 3.54 in December 2024. This indicates that the company is becoming more efficient in utilizing its working capital to generate revenue. However, there was a slight decrease in 2023 compared to the previous year, suggesting a temporary dip in efficiency. Overall, the increasing trend in working capital turnover reflects positively on Proto Labs Inc's ability to efficiently manage its working capital resources to support its operations and revenue generation.
Peer comparison
Dec 31, 2024