Standex International Corporation (SXI)
Working capital turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 720,909 | 797,947 | 729,921 | 636,329 | 604,535 |
| Total current assets | US$ in thousands | 430,095 | 483,253 | 378,998 | 374,366 | 331,997 |
| Total current liabilities | US$ in thousands | 127,565 | 140,967 | 150,768 | 143,709 | 122,877 |
| Working capital turnover | 2.38 | 2.33 | 3.20 | 2.76 | 2.89 |
June 30, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $720,909K ÷ ($430,095K – $127,565K)
= 2.38
The working capital turnover of Standex International Corporation has exhibited fluctuations over the past five years. The company's working capital turnover ratio was 2.38 in 2024, slightly higher than the previous year's ratio of 2.33. In 2022, the ratio was higher at 3.20, indicating that the company was able to generate sales more efficiently using its working capital. The ratios for 2021 and 2020 were 2.76 and 2.89, respectively.
Overall, the working capital turnover ratio of Standex International Corporation demonstrates a varying trend, with fluctuations in how effectively the company is utilizing its working capital to generate sales. Further analysis of the company's working capital management practices and operational efficiency would provide valuable insights into the underlying factors driving these fluctuations in the working capital turnover ratio.
Peer comparison
Jun 30, 2024