Somnigroup International Inc. (SGI)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,925,400 | 4,921,200 | 4,930,800 | 3,676,900 | 3,106,000 |
| Total current assets | US$ in thousands | 1,103,200 | 1,195,200 | 1,275,600 | 968,400 | 900,200 |
| Total current liabilities | US$ in thousands | 908,200 | 981,200 | 1,053,400 | 974,800 | 773,300 |
| Working capital turnover | 25.26 | 23.00 | 22.19 | — | 24.48 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $4,925,400K ÷ ($1,103,200K – $908,200K)
= 25.26
Somnigroup International Inc.'s working capital turnover has fluctuated over the past five years. In 2019, the company achieved a high turnover of 24.48 times, indicating efficient utilization of working capital to generate revenue. However, in 2020, the data is unavailable (denoted by "—"), possibly due to data recording issues or significant changes in the company's operations.
Subsequently, in 2021, the working capital turnover decreased to 22.19 times, suggesting a slight decline in the efficiency of working capital management. The company improved its performance in 2022 with a turnover of 23.00 times, indicating better utilization of working capital than the previous year.
In the most recent year, 2023, Somnigroup International Inc. achieved a working capital turnover of 25.26 times, surpassing the levels seen in 2019 and demonstrating a strong ability to generate revenue relative to its working capital. Overall, the company's working capital turnover has shown variability but has generally remained at relatively high levels, indicating effective management of working capital resources.
Peer comparison
Dec 31, 2023