Trimble Inc (TRMB)
Working capital turnover
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,821,600 | 3,586,900 | 3,546,200 | 3,630,100 | 3,685,300 | 3,811,000 | 3,837,100 | 3,750,500 | 3,659,400 | 3,563,400 | 3,454,800 | 3,244,700 | 3,152,000 | 3,148,700 | 3,140,200 | 3,260,800 | 3,271,300 | 3,253,700 | 3,264,600 | 3,172,700 |
| Total current assets | US$ in thousands | 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 | 1,211,800 | 1,061,800 | 1,121,400 | 1,147,800 |
| Total current liabilities | US$ in thousands | 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 | 1,190,300 | 1,059,300 | 1,075,200 | 1,090,000 |
| Working capital turnover | 2,388.50 | 10.18 | 22.01 | 4.79 | 65.69 | — | 150.47 | 11.78 | 13.97 | 8.50 | 10.60 | 29.93 | — | — | — | — | 152.15 | 1,301.48 | 70.66 | 54.89 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,821,600K ÷ ($1,830,900K – $1,829,300K)
= 2,388.50
Trimble Inc's working capital turnover has fluctuated significantly over the periods provided, ranging from as low as 1,301.48 during the third quarter of 2019 to as high as 150.47 during the second quarter of 2022. This ratio measures how efficiently the company is using its working capital to generate revenue. A higher turnover ratio indicates that Trimble is effectively using its short-term assets and liabilities to support its sales.
The working capital turnover of 2,388.50 at the end of December 2023 suggests that Trimble generated $2,388.50 in revenue for every dollar of working capital invested. This may indicate an improvement in the company's efficiency in managing its working capital compared to previous periods. In contrast, the working capital turnover of 1,301.48 in September 2019 implies a lower revenue generation relative to the working capital employed during that period.
Overall, fluctuations in Trimble's working capital turnover indicate changes in the company's ability to efficiently utilize its working capital resources to drive sales. Further analysis and comparison with industry averages are recommended to assess the company's performance effectively.
Peer comparison
Dec 31, 2023