Titan International Inc (TWI)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,845,940 | 1,821,800 | 2,169,380 | 1,780,220 | 1,259,310 |
| Total current assets | US$ in thousands | 912,037 | 876,781 | 909,628 | 813,304 | 658,599 |
| Total current liabilities | US$ in thousands | 387,358 | 372,375 | 446,161 | 450,813 | 329,711 |
| Working capital turnover | 3.52 | 3.61 | 4.68 | 4.91 | 3.83 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,845,940K ÷ ($912,037K – $387,358K)
= 3.52
The working capital turnover for Titan International Inc has displayed some fluctuations over the past five years. The ratio increased from 3.83 in 2020 to 4.91 in 2021, indicating a more efficient utilization of working capital to generate sales. However, it slightly decreased to 4.68 in 2022, before experiencing a sharper decline to 3.61 in 2023 and further dropped to 3.52 in 2024.
This trend suggests that the company may have faced challenges in efficiently managing its working capital in the later years, possibly due to changes in operating or sales strategies. It is important for Titan International Inc to closely monitor and actively manage its working capital to ensure optimal utilization and support its operational activities effectively.
Peer comparison
Dec 31, 2024