STAAR Surgical Company (STAA)
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 | 313,901 | 341,224 | 332,942 | 326,243 | 322,415 | 310,186 | 305,924 | 294,719 | 284,391 | 279,348 | 261,654 | 242,920 | 230,472 | 217,469 | 206,198 | 179,025 | 163,460 | 156,345 | 148,319 | 152,789 |
| Total current assets | US$ in thousands | 368 | 397,106 | 383,817 | 365,715 | 365,269 | 347,068 | 328,003 | 312,871 | 311,723 | 296,910 | 296,456 | 273,902 | 271,411 | 263,945 | 248,117 | 223,515 | 216,418 | 196,003 | 182,517 | 172,076 |
| Total current liabilities | US$ in thousands | 70 | 66,341 | 66,170 | 62,674 | 65,036 | 56,775 | 54,194 | 47,063 | 51,716 | 45,320 | 46,514 | 41,182 | 48,802 | 46,796 | 41,801 | 36,129 | 41,236 | 33,859 | 31,589 | 29,902 |
| Working capital turnover | 1,053.36 | 1.03 | 1.05 | 1.08 | 1.07 | 1.07 | 1.12 | 1.11 | 1.09 | 1.11 | 1.05 | 1.04 | 1.04 | 1.00 | 1.00 | 0.96 | 0.93 | 0.96 | 0.98 | 1.07 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $313,901K ÷ ($368K – $70K)
= 1,053.36
STAAR Surgical Company's working capital turnover has shown mixed fluctuations over the past few years. The ratio, measuring how efficiently the company utilizes its working capital to generate sales, indicates the number of times working capital is turned over in a given period.
The working capital turnover ratio ranged from a low of 0.93 as of December 31, 2020, to a high of 1,053.36 as of December 31, 2024. Such extreme values are likely due to anomalies or data errors and should be further investigated for accuracy.
Generally, a higher working capital turnover ratio signifies better efficiency in managing working capital and generating sales. As the ratio increased from 0.93 on December 31, 2020, to 1.07 on December 31, 2023, the company improved its utilization of working capital. However, the sudden spike to 1,053.36 as of December 31, 2024, is likely an outlier that may distort the overall trend.
Overall, STAAR Surgical Company should monitor and analyze its working capital turnover ratio consistently to understand its working capital efficiency and make informed decisions regarding its operations and financial management.
Peer comparison
Dec 31, 2024