Tandem Diabetes Care Inc (TNDM)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 940,203 | 747,718 | 801,217 | 702,799 | 498,830 |
| Total current assets | US$ in thousands | 724,491 | 747,989 | 849,976 | 811,520 | 637,235 |
| Total current liabilities | US$ in thousands | 247,049 | 195,258 | 165,290 | 131,856 | 103,852 |
| Working capital turnover | 1.97 | 1.35 | 1.17 | 1.03 | 0.94 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $940,203K ÷ ($724,491K – $247,049K)
= 1.97
The working capital turnover of Tandem Diabetes Care Inc has shown an increasing trend over the past five years. Starting at 0.94 in December 31, 2020, it has steadily improved to 1.97 by December 31, 2024. This indicates the company's ability to efficiently utilize its working capital to generate revenue. The upward trend suggests that Tandem Diabetes Care Inc has been able to effectively manage its working capital and convert it into sales. A higher working capital turnover ratio reflects better operational efficiency and effective management of current assets and liabilities. Overall, the consistent increase in the working capital turnover ratio of Tandem Diabetes Care Inc is a positive sign for the company's financial health.
Peer comparison
Dec 31, 2024