Sturm Ruger & Company Inc (RGR)
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 | 535,643 | 520,485 | 519,091 | 531,134 | 543,767 | 562,374 | 580,871 | 578,720 | 595,842 | 614,659 | 653,515 | 712,934 | 730,736 | 731,955 | 699,414 | 629,606 | 568,868 | 504,747 | 454,041 | 420,106 |
| Total current assets | US$ in thousands | 258,357 | 247,114 | 251,951 | 258,575 | 271,395 | 273,960 | 268,061 | 263,977 | 361,838 | 351,026 | 334,077 | 336,253 | 328,733 | 308,859 | 285,643 | 252,248 | 234,373 | 212,974 | 294,939 | 264,618 |
| Total current liabilities | US$ in thousands | 60,809 | 54,970 | 52,021 | 50,052 | 63,195 | 61,187 | 59,894 | 61,594 | 163,067 | 60,202 | 54,495 | 66,177 | 77,109 | 80,387 | 77,729 | 73,045 | 81,761 | 67,392 | 76,313 | 62,492 |
| Working capital turnover | 2.71 | 2.71 | 2.60 | 2.55 | 2.61 | 2.64 | 2.79 | 2.86 | 3.00 | 2.11 | 2.34 | 2.64 | 2.90 | 3.20 | 3.36 | 3.51 | 3.73 | 3.47 | 2.08 | 2.08 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $535,643K ÷ ($258,357K – $60,809K)
= 2.71
The working capital turnover ratio for Sturm Ruger & Company Inc has shown a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The ratio indicates how efficiently the company is able to utilize its working capital to generate sales revenue.
The ratio started at 2.08 at the end of March 2020 and remained consistent at this level up to June 30, 2020. It then saw a significant increase to 3.47 by September 30, 2020, showing an improvement in the company's ability to generate sales relative to its working capital.
From December 31, 2020, the ratio continued to increase steadily, reaching its peak of 3.73 by the end of December 2020. This upward trend continued into the first half of 2021, with the ratio remaining above 3, indicating efficient utilization of working capital.
However, from September 30, 2021, the working capital turnover ratio started to decline gradually, dropping to 2.64 by March 31, 2022, and further to 2.11 by September 30, 2022. This decline suggests a decrease in efficiency in converting working capital into sales revenue.
By the end of December 31, 2022, there was a slight recovery in the ratio to 3.00, but it started to decline again in the following periods until December 31, 2024, where it stabilized around 2.71. Overall, the working capital turnover ratio for Sturm Ruger & Company Inc has shown variations, indicating fluctuations in the company's operational efficiency in utilizing its working capital to generate sales revenue.
Peer comparison
Dec 31, 2024