Rush Enterprises A Inc (RUSHA)
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 | 7,804,750 | 7,824,620 | 7,909,230 | 7,885,250 | 7,925,020 | 7,778,500 | 7,662,050 | 7,450,240 | 7,101,670 | 6,530,530 | 5,932,760 | 5,457,540 | 5,126,150 | 5,082,550 | 4,994,600 | 4,681,090 | 4,735,940 | 4,785,440 | 5,206,130 | 5,748,180 |
Total current assets | US$ in thousands | 2,389,720 | 2,460,390 | 2,377,700 | 2,517,000 | 2,260,300 | 2,145,780 | 2,087,800 | 1,973,950 | 1,867,740 | 1,809,360 | 1,742,750 | 1,523,580 | 1,324,450 | 1,177,990 | 1,306,280 | 1,396,750 | 1,357,730 | 1,366,410 | 1,398,340 | 1,557,600 |
Total current liabilities | US$ in thousands | 1,650,120 | 1,752,030 | 1,697,900 | 1,757,330 | 1,673,310 | 1,720,120 | 1,620,840 | 1,513,080 | 1,428,670 | 1,419,380 | 1,299,550 | 1,128,700 | 1,003,500 | 772,725 | 928,811 | 1,028,310 | 1,026,790 | 1,089,260 | 1,163,650 | 1,351,840 |
Working capital turnover | 10.55 | 11.05 | 11.63 | 10.38 | 13.50 | 18.27 | 16.41 | 16.17 | 16.17 | 16.75 | 13.39 | 13.82 | 15.97 | 12.54 | 13.23 | 12.71 | 14.31 | 17.27 | 22.18 | 27.94 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $7,804,750K ÷ ($2,389,720K – $1,650,120K)
= 10.55
The working capital turnover of Rush Enterprises A Inc has exhibited a declining trend over the periods analyzed. Starting at a robust 27.94 in March 2020, it gradually decreased to 10.38 by March 2024. This indicates that the company's ability to efficiently utilize its working capital to generate sales revenue has decreased over time. It peaked at 18.27 in September 2023, showing a temporary improvement, but then declined again. A working capital turnover below 1 suggests that the company may be having difficulty effectively leveraging its working capital to generate revenue. Continuous monitoring and analysis of this ratio are crucial for understanding how efficiently the company is managing its working capital resources.
Peer comparison
Dec 31, 2024