SPX Corp (SPXC)
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 | 1,983,900 | 1,919,600 | 1,884,600 | 1,806,600 | 1,741,200 | 1,701,100 | 1,622,900 | 1,553,600 | 1,460,900 | 1,381,600 | 1,296,900 | 1,239,600 | 1,331,000 | 1,437,800 | 1,515,400 | 1,591,900 | 1,562,700 | 1,550,500 | 1,551,900 | 1,551,100 |
| Total current assets | US$ in thousands | 784,300 | 827,600 | 808,700 | 779,600 | 709,600 | 768,600 | 739,000 | 819,800 | 721,100 | 837,700 | 778,600 | 815,500 | 903,400 | 1,046,500 | 901,400 | 695,500 | 682,600 | 648,600 | 769,000 | 744,000 |
| Total current liabilities | US$ in thousands | 418,300 | 446,300 | 633,300 | 694,800 | 401,200 | 493,700 | 489,600 | 393,900 | 333,800 | 374,400 | 368,200 | 393,900 | 439,500 | 477,500 | 707,600 | 586,800 | 584,900 | 562,200 | 704,000 | 702,100 |
| Working capital turnover | 5.42 | 5.03 | 10.74 | 21.30 | 5.65 | 6.19 | 6.51 | 3.65 | 3.77 | 2.98 | 3.16 | 2.94 | 2.87 | 2.53 | 7.82 | 14.64 | 15.99 | 17.95 | 23.88 | 37.02 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,983,900K ÷ ($784,300K – $418,300K)
= 5.42
SPX Corp's working capital turnover ratio measures the efficiency of the company in managing its working capital over time. The working capital turnover ratio indicates how many times the company's working capital is turned over in a given period.
Looking at the data provided, we observe that SPX Corp's working capital turnover has fluctuated significantly over the periods shown. The ratio started at a high of 37.02 on March 31, 2020, but then declined rapidly and reached a low of 2.53 on September 30, 2021. This significant decrease may suggest potential inefficiencies in managing working capital during this period.
Subsequently, there were fluctuations in the working capital turnover ratio, with some periods showing slight improvements, such as a temporary increase to 21.30 on March 31, 2024. Overall, the trend indicates that SPX Corp has had challenges in effectively utilizing its working capital efficiently during some periods.
It is important for SPX Corp to closely monitor and manage its working capital turnover ratio to ensure optimal utilization of resources and maintain liquidity. Further analysis and investigation into the factors driving these fluctuations in the working capital turnover ratio would be beneficial for the company to improve its financial performance and operational efficiency.
Peer comparison
Dec 31, 2024