Trex Company Inc (TREX)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,148,820 | 1,091,690 | 1,090,750 | 1,197,010 | 881,886 |
| Total current assets | US$ in thousands | 318,908 | 172,254 | 286,842 | 401,054 | 321,997 |
| Total current liabilities | US$ in thousands | 342,477 | 91,062 | 290,599 | 88,702 | 106,353 |
| Working capital turnover | — | 13.45 | — | 3.83 | 4.09 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,148,820K ÷ ($318,908K – $342,477K)
= —
The working capital turnover of Trex Company Inc has shown varying trends over the years. In 2020, the working capital turnover ratio stood at 4.09, indicating that the company generated $4.09 in sales for every dollar of working capital invested. This ratio decreased slightly to 3.83 in 2021, suggesting a slight decline in efficiency.
Interestingly, there is an absence of data for the year 2022, which makes it challenging to assess the company's performance in that particular year. However, a significant improvement is seen in 2023 with a working capital turnover ratio of 13.45, signifying a substantial increase in sales efficiency and potentially more effective management of working capital.
Once again, there is a lack of data for 2024, making it difficult to draw conclusions for that year. Overall, the company's performance in terms of working capital turnover has shown fluctuations, with notable improvements in some years. To gain a comprehensive understanding of the company's operational efficiency, it would be beneficial to analyze additional financial metrics and performance indicators alongside the working capital turnover ratio.
Peer comparison
Dec 31, 2024