Triumph Group Inc (TGI)
Working capital turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,192,040 | 1,379,130 | 1,459,940 | 1,869,720 | 2,900,120 |
| Total current assets | US$ in thousands | 939,369 | 933,512 | 962,602 | 1,554,430 | 1,561,630 |
| Total current liabilities | US$ in thousands | 356,262 | 396,924 | 601,504 | 718,367 | 987,753 |
| Working capital turnover | 2.04 | 2.57 | 4.04 | 2.24 | 5.05 |
March 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,192,040K ÷ ($939,369K – $356,262K)
= 2.04
The working capital turnover ratio measures how efficiently a company is using its working capital to generate revenue. Triumph Group Inc's working capital turnover has fluctuated over the past five years, ranging from 2.04 to 5.05.
In 2024, Triumph Group Inc's working capital turnover was 2.04, indicating that the company generated $2.04 in revenue for every dollar of working capital invested. This suggests a slight decrease in efficiency compared to the previous year's ratio of 2.11.
Looking further back, Triumph Group Inc experienced a significant decrease in working capital turnover in 2022, with a ratio of 4.04. This indicates that the company was able to generate $4.04 in revenue for every dollar of working capital, reflecting a higher level of efficiency in capital utilization.
In 2021 and 2020, Triumph Group Inc's working capital turnover ratios were 2.24 and 5.05, respectively. These ratios show variations in the company's efficiency in managing its working capital to generate revenue over those years.
Overall, Triumph Group Inc's working capital turnover has displayed fluctuations over the past five years, suggesting varying levels of efficiency in utilizing its working capital to generate revenue. Further analysis and comparison with industry benchmarks could provide additional insights into the company's working capital management performance.
Peer comparison
Mar 31, 2024