Triumph Group Inc (TGI)
Working capital turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,261,960 | 1,192,040 | 1,379,130 | 1,459,940 | 1,869,720 |
| Total current assets | US$ in thousands | 878,863 | 939,369 | 933,512 | 962,602 | 1,554,430 |
| Total current liabilities | US$ in thousands | 395,078 | 356,262 | 396,924 | 601,504 | 718,367 |
| Working capital turnover | 2.61 | 2.04 | 2.57 | 4.04 | 2.24 |
March 31, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,261,960K ÷ ($878,863K – $395,078K)
= 2.61
Triumph Group Inc's working capital turnover has experienced fluctuations over the past five years. In March 2021, the working capital turnover stood at 2.24, indicating that the company generated $2.24 in revenue for each dollar of working capital.
By March 2022, the working capital turnover improved significantly to 4.04, suggesting a more efficient utilization of working capital in generating sales revenue. However, in March 2023, the ratio decreased to 2.57, indicating a slight decline in working capital efficiency.
The trend continued as the working capital turnover further decreased to 2.04 by March 2024, indicating a potential inefficiency in working capital management. Subsequently, in March 2025, the ratio improved to 2.61, suggesting a recovery in working capital efficiency compared to the previous year.
Overall, Triumph Group Inc should monitor its working capital turnover closely to ensure optimal management of its working capital and maximize revenue generation efficiency.
Peer comparison
Mar 31, 2025