Somnigroup International Inc. (SGI)
Working capital turnover
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,893,500 | 4,870,600 | 4,906,700 | 4,925,400 | 4,942,300 | 4,948,500 | 4,889,800 | 4,921,200 | 5,093,400 | 5,168,400 | 5,126,500 | 4,930,800 | 4,628,200 | 4,402,200 | 3,898,300 | 3,676,900 | 3,491,200 | 3,179,900 | 3,237,500 | 3,106,000 |
| Total current assets | US$ in thousands | 1,155,300 | 1,161,700 | 1,161,900 | 1,103,200 | 1,247,700 | 1,254,100 | 1,270,600 | 1,195,200 | 1,276,400 | 1,305,200 | 1,218,800 | 1,275,600 | 1,482,800 | 925,700 | 1,214,300 | 968,400 | 1,148,100 | 945,500 | 1,046,400 | 900,200 |
| Total current liabilities | US$ in thousands | 1,011,800 | 957,800 | 958,200 | 908,200 | 1,058,900 | 1,006,700 | 1,022,800 | 981,200 | 1,077,900 | 1,057,100 | 1,101,100 | 1,053,400 | 1,159,400 | 858,300 | 895,700 | 974,800 | 1,026,700 | 1,001,700 | 750,400 | 773,300 |
| Working capital turnover | 34.10 | 23.89 | 24.09 | 25.26 | 26.18 | 20.00 | 19.73 | 23.00 | 25.66 | 20.83 | 43.56 | 22.19 | 14.31 | 65.31 | 12.24 | — | 28.76 | — | 10.94 | 24.48 |
September 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,893,500K ÷ ($1,155,300K – $1,011,800K)
= 34.10
Somnigroup International Inc.'s working capital turnover ratio provides insights into how efficiently the company is using its working capital to generate sales. The data reveals fluctuations in the working capital turnover ratio over the periods analyzed.
The working capital turnover ratio peaked at 65.31 on June 30, 2021, indicating that the company was able to generate $65.31 in revenue for each dollar of working capital invested. This suggests a high level of efficiency in utilizing its working capital resources during that period.
However, there were periods where the working capital turnover ratio decreased significantly, such as on March 31, 2020, when it dropped to 10.94. This could indicate a period of inefficiency in working capital management, potentially signaling issues with inventory management, accounts receivable collection, or accounts payable management.
Overall, the working capital turnover ratio of Somnigroup International Inc. has shown fluctuations but generally remains within a reasonable range, indicating that the company is effectively managing its working capital to generate sales. It is important for the company to monitor and analyze this ratio regularly to ensure optimal efficiency in its working capital utilization.
Peer comparison
Sep 30, 2024