STERIS plc (STE)
Working capital turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,459,510 | 5,398,370 | 5,423,440 | 5,436,890 | 5,441,930 | 5,407,380 | 5,227,730 | 5,085,890 | 4,957,840 | 4,783,690 | 4,776,670 | 4,773,130 | 4,585,062 | 4,247,903 | 3,847,857 | 3,407,009 | 3,107,519 | 3,056,979 | 3,022,316 | 3,003,024 |
| Total current assets | US$ in thousands | 2,000,760 | 1,897,850 | 1,937,870 | 1,940,490 | 2,869,120 | 2,218,950 | 2,173,980 | 2,031,260 | 2,011,440 | 1,976,630 | 1,888,300 | 1,847,950 | 1,879,000 | 1,927,090 | 1,904,630 | 2,007,860 | 1,211,750 | 1,176,080 | 1,150,310 | 1,097,130 |
| Total current liabilities | US$ in thousands | 1,022,170 | 891,120 | 805,483 | 834,360 | 931,127 | 913,694 | 873,115 | 886,911 | 861,844 | 796,457 | 872,815 | 908,323 | 922,222 | 904,307 | 785,701 | 1,145,020 | 577,920 | 505,867 | 435,418 | 479,549 |
| Working capital turnover | 5.58 | 5.36 | 4.79 | 4.92 | 2.81 | 4.14 | 4.02 | 4.44 | 4.31 | 4.05 | 4.70 | 5.08 | 4.79 | 4.15 | 3.44 | 3.95 | 4.90 | 4.56 | 4.23 | 4.86 |
March 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $5,459,510K ÷ ($2,000,760K – $1,022,170K)
= 5.58
STERIS plc's working capital turnover has shown fluctuations over the periods provided in the data. The working capital turnover ratio represents how efficiently the company is utilizing its working capital to generate sales revenue. A higher turnover ratio indicates that the company is effectively managing its working capital.
Based on the data provided:
- The ratio ranged from a low of 2.81 on March 31, 2024, to a high of 5.58 on March 31, 2025.
- The highest turnover ratio was observed on March 31, 2025, indicating an efficient utilization of working capital to generate sales.
- Conversely, the lowest turnover ratio recorded on March 31, 2024, suggests a potential inefficiency in working capital management during that period.
- Overall, there seems to be a general trend of fluctuation in the working capital turnover ratio over the periods, with some quarters showing more efficient utilization of working capital than others.
It is crucial for STERIS plc to closely monitor and manage its working capital turnover to ensure optimal efficiency in utilizing its resources to drive sales and profitability. Further analysis may be required to understand the factors contributing to the fluctuations in the working capital turnover ratio and implement strategies to enhance working capital management efficiency.
Peer comparison
Mar 31, 2025