Silgan Holdings Inc (SLGN)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,854,690 | 5,988,200 | 6,411,500 | 5,677,100 | 4,921,900 |
| Total current assets | US$ in thousands | 2,522,680 | 2,348,980 | 2,132,700 | 2,295,800 | 1,799,100 |
| Total current liabilities | US$ in thousands | 2,247,530 | 2,311,860 | 1,357,800 | 1,488,200 | 1,163,500 |
| Working capital turnover | 21.28 | 161.32 | 8.27 | 7.03 | 7.74 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $5,854,690K ÷ ($2,522,680K – $2,247,530K)
= 21.28
Silgan Holdings Inc's working capital turnover has shown fluctuations over the years based on the provided data. The ratio was 7.74 in December 2020, decreased slightly to 7.03 by December 2021, and then increased to 8.27 by December 2022, indicating some variability in the company's efficiency in managing its working capital during this period.
However, there was a significant spike in the working capital turnover ratio to 161.32 by December 2023, which suggests that the company experienced a substantial improvement in its working capital management efficiency, possibly due to significant changes in its operations or collection/payments policies.
The ratio then decreased to 21.28 by December 2024, indicating a reversion to a more normalized level compared to the exceptional performance in the previous year. Overall, the working capital turnover ratio analysis shows that Silgan Holdings Inc has seen fluctuations in its working capital management efficiency over the years, with both positive and negative trends observed.
Peer comparison
Dec 31, 2024