Schrodinger Inc (SDGR)
Working capital turnover
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 | 216,666 | 199,383 | 193,794 | 197,074 | 180,955 | 170,282 | 163,152 | 154,467 | 137,931 | 124,793 | 120,740 | 114,048 | 108,095 | |||
Total current assets | US$ in thousands | 567,796 | 547,761 | 591,962 | 603,734 | 533,989 | 524,201 | 556,872 | 586,168 | 625,060 | 622,025 | 649,788 | 675,238 | 682,978 | 621,114 | 307,014 | 312,815 |
Total current liabilities | US$ in thousands | 133,673 | 105,038 | 106,802 | 123,407 | 108,799 | 88,821 | 85,590 | 85,532 | 91,211 | 72,916 | 70,378 | 67,621 | 73,205 | 39,276 | 43,048 | 42,166 |
Working capital turnover | 0.50 | 0.45 | 0.40 | 0.41 | 0.43 | 0.39 | 0.35 | 0.31 | 0.26 | 0.23 | 0.21 | 0.19 | 0.18 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $216,666K ÷ ($567,796K – $133,673K)
= 0.50
To analyze Schrodinger Inc's working capital turnover, we consider how efficiently the company is utilizing its working capital to generate revenue over multiple quarters. The working capital turnover ratio is calculated by dividing net sales by average working capital. A higher ratio indicates that the company is effectively using its working capital to generate revenue.
Looking at the data provided, we observe fluctuations in Schrodinger Inc's working capital turnover ratio. In Q4 2023, the ratio was 0.50, which indicates that the company generated $0.50 in revenue for every $1 of working capital invested. This is an improvement from the previous quarter's ratio of 0.45.
Overall, Schrodinger Inc's working capital turnover has been trending upward since Q1 2022, where it was at 0.31. This suggests that the company has been improving its efficiency in utilizing working capital to drive revenue growth.
It is important for Schrodinger Inc to continue monitoring and managing its working capital effectively to sustain this positive trend in working capital turnover, as it reflects the company's ability to convert working capital into revenue efficiently.
Peer comparison
Dec 31, 2023