Standard Motor Products Inc (SMP)
Working capital turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,463,849 | 1,411,253 | 1,398,401 | 1,361,647 | 1,358,272 | 1,375,715 | 1,370,675 | 1,377,012 | 1,371,815 | 1,373,493 | 1,362,430 | 1,345,094 | 1,298,816 | 1,271,677 | 1,244,976 | 1,150,839 | 1,128,588 | 1,087,102 | 1,051,216 | 1,108,449 |
| Total current assets | US$ in thousands | 921,924 | 793,209 | 816,655 | 796,436 | 744,223 | 762,413 | 787,883 | 803,854 | 762,439 | 829,673 | 842,861 | 819,415 | 711,205 | 710,857 | 680,669 | 617,036 | 598,536 | 596,274 | 589,898 | 584,689 |
| Total current liabilities | US$ in thousands | 436,472 | 352,520 | 332,166 | 299,212 | 304,263 | 373,342 | 348,489 | 321,424 | 323,131 | 373,864 | 410,220 | 578,128 | 476,369 | 478,371 | 447,067 | 313,424 | 302,602 | 303,814 | 337,606 | 348,207 |
| Working capital turnover | 3.02 | 3.20 | 2.89 | 2.74 | 3.09 | 3.54 | 3.12 | 2.85 | 3.12 | 3.01 | 3.15 | 5.57 | 5.53 | 5.47 | 5.33 | 3.79 | 3.81 | 3.72 | 4.17 | 4.69 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,463,849K ÷ ($921,924K – $436,472K)
= 3.02
Standard Motor Products Inc's working capital turnover has been fluctuating over the years. It ranged from a high of 5.57 in March 31, 2022, to a low of 2.74 in March 31, 2024. The working capital turnover measures how efficiently the company is utilizing its working capital to generate sales. A higher working capital turnover ratio typically indicates that the company is effectively using its working capital to support operations and sales growth.
From the data provided, we can see some variations in the working capital turnover ratio, indicating changes in the company's efficiency in managing its working capital. It is important for Standard Motor Products Inc to closely monitor this ratio to ensure that it is maintaining an optimal level of working capital to support its business operations effectively.
Peer comparison
Dec 31, 2024