Trimble Inc (TRMB)

Working capital turnover

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 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
Revenue (ttm) US$ in thousands 3,683,300 3,632,300 3,713,800 3,836,600 3,798,700 3,722,800 3,650,400 3,598,000 3,676,300 3,745,800 3,762,300 3,766,300 3,659,100 3,562,800 3,453,500 3,241,900 3,147,700 3,142,000 3,133,800 3,255,000
Total current assets US$ in thousands 2,270,400 2,310,700 1,965,100 1,840,100 1,830,900 1,690,500 1,462,200 2,238,900 1,518,200 1,435,300 1,475,000 1,565,500 1,450,600 1,560,500 1,494,500 1,260,000 1,281,400 1,100,600 1,120,000 1,192,600
Total current liabilities US$ in thousands 1,788,000 1,986,600 1,977,900 1,835,600 1,829,300 1,338,000 1,301,100 1,480,900 1,462,100 1,445,000 1,449,500 1,247,000 1,188,600 1,141,200 1,168,500 1,151,600 1,311,300 1,191,500 1,170,500 1,226,900
Working capital turnover 7.64 11.21 852.58 2,374.19 10.56 22.66 4.75 65.53 147.54 11.83 13.97 8.50 10.59 29.91

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,683,300K ÷ ($2,270,400K – $1,788,000K)
= 7.64

The working capital turnover ratio for Trimble Inc shows fluctuations over the periods provided. The ratio indicates how efficiently the company utilizes its working capital to generate sales.

Looking at the data, we can see that the working capital turnover ratio was not available for the periods ending in March, June, September, and December 2020, and June 2022. However, the ratio for the subsequent periods varied significantly.

For example, the ratio was 29.91 in March 2021, indicating that Trimble Inc generated $29.91 in revenue for every dollar of working capital invested in that period. This suggests a high level of efficiency in utilizing working capital at that time.

Subsequently, the ratio dropped to 10.59 in June 2021, and then again to 8.50 in September 2021. These lower ratios may indicate a potential decrease in efficiency in utilizing working capital to generate sales during those periods.

The ratio saw a significant spike to 147.54 in June 2022, suggesting a sharp increase in efficiency in utilizing working capital to generate revenue. However, it is important to note that the data was not available for other quarters in 2022.

The trend continues with fluctuations in subsequent periods, with the ratio ranging from 4.75 in March 2023 to a substantial 2,374.19 in December 2023. This dramatic variation could be due to significant changes in working capital management or sales growth during those specific periods.

In conclusion, the working capital turnover ratio for Trimble Inc has shown fluctuations over the periods provided, reflecting varying levels of efficiency in utilizing working capital to generate sales. It is crucial for stakeholders to further investigate the reasons behind these fluctuations to assess the overall effectiveness of the company's working capital management.


Peer comparison

Dec 31, 2024