Schrodinger Inc (SDGR)
Working capital turnover
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Revenue | US$ in thousands | 207,539 | 216,666 | 180,955 | 137,931 | 108,095 |
Total current assets | US$ in thousands | 634,993 | 567,796 | 533,989 | 625,060 | 682,978 |
Total current liabilities | US$ in thousands | 191,747 | 133,673 | 108,799 | 91,211 | 73,205 |
Working capital turnover | 0.47 | 0.50 | 0.43 | 0.26 | 0.18 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $207,539K ÷ ($634,993K – $191,747K)
= 0.47
Schrodinger Inc's working capital turnover has shown an improving trend over the years. The ratio increased significantly from 0.18 in December 31, 2020, to 0.26 in December 31, 2021, indicating a more efficient management of working capital in the business operations. This improvement continued with a further increase to 0.43 by December 31, 2022, and reached 0.50 by December 31, 2023, demonstrating an enhanced ability to generate revenue from the company's working capital.
However, there was a slight decrease in the working capital turnover to 0.47 by December 31, 2024. Despite this small decline, the overall trend suggests that Schrodinger Inc has been utilizing its working capital more effectively to support its operations and generate sales. It is important for the company to continue monitoring and managing its working capital efficiently to sustain this positive trend in the future.
Peer comparison
Dec 31, 2024