Triumph Group Inc (TGI)
Working capital turnover
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,192,043 | 1,158,914 | 1,135,621 | 1,158,543 | 1,244,104 | 1,305,297 | 1,362,884 | 1,412,680 | 1,459,942 | 1,540,124 | 1,646,869 | 1,771,288 | 1,869,719 | 2,095,996 | 2,374,668 | 2,664,963 | 2,900,117 | 3,076,034 | 3,179,263 | 3,262,261 |
| Total current assets | US$ in thousands | 939,369 | 929,207 | 897,197 | 866,714 | 933,512 | 823,342 | 799,339 | 885,001 | 963,068 | 928,248 | 968,380 | 1,007,240 | 1,554,430 | 1,338,500 | 1,464,540 | 1,172,630 | 1,561,630 | 1,096,200 | 1,143,080 | 1,178,660 |
| Total current liabilities | US$ in thousands | 356,262 | 349,382 | 314,627 | 348,366 | 396,924 | 370,115 | 355,862 | 543,530 | 602,143 | 563,160 | 549,010 | 562,701 | 718,367 | 639,355 | 674,042 | 789,360 | 987,753 | 883,312 | 925,398 | 970,388 |
| Working capital turnover | 2.04 | 2.00 | 1.95 | 2.24 | 2.32 | 2.88 | 3.07 | 4.14 | 4.05 | 4.22 | 3.93 | 3.98 | 2.24 | 3.00 | 3.00 | 6.95 | 5.05 | 14.45 | 14.61 | 15.66 |
March 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,192,043K ÷ ($939,369K – $356,262K)
= 2.04
The working capital turnover ratio for Triumph Group Inc has shown fluctuations over the past few quarters. The ratio ranged from 1.95 to 4.22 over the last two years, indicating the efficiency of the company in managing its working capital to generate sales revenue.
The higher the working capital turnover ratio, the better the company is at efficiently utilizing its current assets to generate revenue. Triumph Group Inc's working capital turnover ratio peaked at 15.66 in Sep 2019, suggesting a strong efficiency in utilizing its working capital during that period.
However, the ratio dipped significantly in the following quarters but recovered slightly in more recent periods. The fluctuations in the ratio may indicate changes in the company's operational cycle or management of working capital.
Analyzing the working capital turnover ratio alongside other financial metrics will provide a more comprehensive understanding of Triumph Group Inc's overall operational efficiency and financial performance.
Peer comparison
Mar 31, 2024