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 1,130,560 1,459,940 1,869,720 2,900,120
Total current assets US$ in thousands 939,369 933,512 963,068 1,554,430 1,561,630
Total current liabilities US$ in thousands 356,262 396,924 602,143 718,367 987,753
Working capital turnover 2.04 2.11 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

Company name
Symbol
Working capital turnover
Triumph Group Inc
TGI
2.04
AAR Corp
AIR
2.46
Textron Inc
TXT