Standex International Corporation (SXI)
Working capital turnover
| Jun 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 790,107 | 748,252 | 717,739 | 706,325 | 720,635 | 728,768 | 735,833 | 745,222 | 741,048 | 737,460 | 742,409 | 740,329 | 735,339 | 727,035 | 709,970 | 680,544 | 656,220 | 619,171 | 602,429 | 636,731 |
| Total current assets | US$ in thousands | 480,879 | 486,891 | 464,922 | 447,147 | 430,095 | 419,153 | 435,999 | 420,047 | 483,253 | 460,775 | 400,925 | 384,867 | 378,998 | 410,644 | 397,379 | 376,317 | 374,366 | 350,794 | 327,116 | 314,852 |
| Total current liabilities | US$ in thousands | 166,975 | 143,070 | 138,153 | 125,997 | 127,565 | 122,348 | 130,542 | 131,657 | 140,967 | 130,587 | 132,415 | 124,418 | 150,768 | 141,739 | 138,010 | 135,170 | 143,709 | 131,941 | 117,886 | 114,397 |
| Working capital turnover | 2.52 | 2.18 | 2.20 | 2.20 | 2.38 | 2.46 | 2.41 | 2.58 | 2.16 | 2.23 | 2.76 | 2.84 | 3.22 | 2.70 | 2.74 | 2.82 | 2.85 | 2.83 | 2.88 | 3.18 |
June 30, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $790,107K ÷ ($480,879K – $166,975K)
= 2.52
The working capital turnover ratio of Standex International Corporation has demonstrated notable fluctuations over the period from September 30, 2020, to June 30, 2025. Initially, the ratio was at 3.18 in September 2020, indicating efficient utilization of working capital during that period. Over the subsequent quarters, the ratio exhibited a downward trend, reaching a low of approximately 2.16 by June 2023, which suggests a relative decrease in the efficiency of working capital utilization, possibly influenced by operational or market factors, or changes in the company's asset and liability management.
Following this decline, the ratio experienced a modest recovery, climbing back to approximately 2.58 in September 2023. However, it then reverted to a lower level, stabilizing around 2.20 to 2.41 through the end of calendar year 2024. A notable uptick was observed in June 2025, when the ratio increased to 2.52, indicating a slight improvement in how effectively working capital was being employed during that period.
Overall, the trend from September 2020 through mid-2025 shows a decrease and subsequent stabilization of the working capital turnover ratio, implying potential shifts in operational efficiency, liquidity management, or revenue cycles. The fluctuations highlight periods of varying operational activity and financial strategies, with recent data suggesting a somewhat stabilized but modestly improved efficiency compared to the lows observed mid-period.
Peer comparison
Jun 30, 2025