Somnigroup International Inc. (SGI)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,930,900 | 4,925,400 | 4,921,200 | 4,930,800 | 3,676,900 |
| Total current assets | US$ in thousands | 1,065,400 | 1,103,200 | 1,195,200 | 1,275,600 | 968,400 |
| Total current liabilities | US$ in thousands | 960,300 | 908,200 | 981,200 | 1,053,400 | 974,800 |
| Working capital turnover | 46.92 | 25.26 | 23.00 | 22.19 | — |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $4,930,900K ÷ ($1,065,400K – $960,300K)
= 46.92
The working capital turnover of Somnigroup International Inc. has shown a positive trend over the years, increasing from 22.19 in 2021 to 46.92 in 2024. This indicates that the company has been able to efficiently utilize its working capital to generate revenues. A higher working capital turnover ratio signifies that the company is effectively managing its working capital to support its operations and generate sales. This improved efficiency in working capital management suggests a positive outlook for the company's financial performance and operational effectiveness.
Peer comparison
Dec 31, 2024