RPM International Inc (RPM)
Working capital turnover
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,372,650 | 7,298,830 | 7,345,250 | 7,292,210 | 7,335,280 | 7,343,330 | 7,336,530 | 7,335,960 | 7,256,420 | 7,224,100 | 7,141,800 | 6,989,630 | 6,707,730 | 6,468,150 | 6,303,670 | 6,150,050 | 6,106,300 | 5,820,950 | 5,725,530 | 5,640,900 |
| Total current assets | US$ in thousands | 3,170,300 | 2,758,950 | 2,880,640 | 2,898,300 | 2,895,350 | 2,746,580 | 2,919,010 | 3,111,980 | 3,184,170 | 3,079,380 | 3,316,860 | 3,287,690 | 3,151,810 | 2,810,360 | 2,759,420 | 2,712,700 | 2,782,000 | 2,447,570 | 2,452,430 | 2,457,040 |
| Total current liabilities | US$ in thousands | 1,467,450 | 1,243,460 | 1,293,890 | 1,282,580 | 1,466,060 | 1,201,950 | 1,254,360 | 1,268,650 | 1,490,800 | 1,119,510 | 1,290,030 | 1,649,250 | 2,016,410 | 1,934,900 | 1,483,590 | 1,163,620 | 1,331,410 | 1,087,500 | 1,132,690 | 1,092,780 |
| Working capital turnover | 4.33 | 4.82 | 4.63 | 4.51 | 5.13 | 4.75 | 4.41 | 3.98 | 4.29 | 3.69 | 3.52 | 4.27 | 5.91 | 7.39 | 4.94 | 3.97 | 4.21 | 4.28 | 4.34 | 4.13 |
May 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $7,372,650K ÷ ($3,170,300K – $1,467,450K)
= 4.33
The working capital turnover ratio of RPM International Inc. has exhibited fluctuations over the observed period. Starting from a value of 4.13 on August 31, 2020, the ratio demonstrated a gradual upward trend, reaching a peak of approximately 7.39 as of February 28, 2022. This increase indicates an enhanced efficiency in utilizing working capital to generate sales during that timeframe.
Subsequently, the ratio experienced a decline, dropping to approximately 3.52 by November 30, 2022, which suggests a period of reduced efficiency or increased working capital relative to sales. Thereafter, the ratio showed some recovery, reaching about 4.75 on February 29, 2024, and continuing to fluctuate modestly around the 4.0 to 5.0 range through the subsequent periods. The latest data point as of May 31, 2025, records a value of approximately 4.33.
Overall, the trend indicates variability in working capital efficiency, with notable peaks in early 2022 likely reflecting periods of optimized asset utilization or seasonal sales cycles, followed by periods of relative decline. The recent trend suggests a stabilization around a ratio in the mid-4 range, implying moderate efficiency in current working capital management relative to sales generation.
Peer comparison
May 31, 2025