Revvity Inc. (RVTY)
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 | Jul 5, 2020 | Apr 5, 2020 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (ttm) | US$ in thousands | 2,755,399 | 2,792,741 | 2,753,945 | 2,745,319 | 2,747,137 | 2,721,641 | 2,788,191 | 3,000,774 | 3,311,822 | 3,598,518 | 3,748,030 | 3,763,135 | 3,827,812 | 4,154,512 | 4,257,222 | 4,158,193 | 3,782,749 | 3,233,635 | 2,976,533 | 2,887,332 |
Total current assets | US$ in thousands | 2,349,610 | 2,448,410 | 3,158,690 | 3,059,340 | 3,001,090 | 2,913,240 | 3,523,340 | 3,795,610 | 3,288,560 | 3,116,480 | 2,107,770 | 2,454,510 | 2,440,780 | 2,250,800 | 2,259,990 | 2,674,570 | 2,238,920 | 1,675,820 | 1,531,410 | 1,341,830 |
Total current liabilities | US$ in thousands | 653,100 | 687,940 | 1,390,010 | 1,374,220 | 1,450,460 | 1,447,840 | 1,366,830 | 1,563,740 | 1,544,480 | 1,485,730 | 1,043,810 | 1,263,050 | 1,213,740 | 1,145,030 | 1,122,820 | 1,520,510 | 1,652,190 | 1,244,800 | 1,163,260 | 730,144 |
Working capital turnover | 1.62 | 1.59 | 1.56 | 1.63 | 1.77 | 1.86 | 1.29 | 1.34 | 1.90 | 2.21 | 3.52 | 3.16 | 3.12 | 3.76 | 3.74 | 3.60 | 6.45 | 7.50 | 8.09 | 4.72 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,755,399K ÷ ($2,349,610K – $653,100K)
= 1.62
The working capital turnover ratio for Revvity Inc. has experienced fluctuations over the periods presented. Starting at 4.72 on April 5, 2020, the ratio increased to a peak of 8.09 on July 5, 2020, indicating that the company generated 8.09 times the revenue compared to the working capital invested during that period.
Subsequently, the ratio decreased but remained relatively stable around the range of 6 to 7 until September 30, 2021. From March 31, 2022, onwards, the working capital turnover ratio began to decline more significantly, reaching 1.29 on June 30, 2023.
This decreasing trend continued through subsequent periods, with the ratio fluctuating between 1.29 and 1.86 until December 31, 2024. Notably, the working capital turnover ratio decreased to its lowest point of 1.29 on June 30, 2023, and showed a slight increase to 1.62 by December 31, 2024.
Overall, the declining trend in the working capital turnover ratio for Revvity Inc. suggests a decreasing efficiency in utilizing its working capital to generate revenue over the periods analyzed, indicating a need to evaluate and potentially improve the company's working capital management strategies.
Peer comparison
Dec 31, 2024