Ufp Industries Inc (UFPI)
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 | 6,652,310 | 6,714,660 | 6,892,920 | 7,034,880 | 7,218,390 | 7,607,740 | 8,102,960 | 8,959,910 | 9,626,740 | 9,729,840 | 9,500,760 | 9,300,430 | 8,636,120 | 8,013,030 | 7,405,480 | 5,946,940 | 5,154,000 | 4,758,331 | 4,435,131 | 4,432,951 |
| Total current assets | US$ in thousands | 2,503,020 | 2,613,520 | 2,554,030 | 2,514,420 | 2,502,090 | 2,522,730 | 2,415,060 | 2,267,010 | 2,262,110 | 2,436,360 | 2,376,440 | 2,472,420 | 2,073,480 | 1,922,750 | 2,122,500 | 1,737,060 | 1,538,360 | 1,512,110 | 1,236,600 | 1,060,910 |
| Total current liabilities | US$ in thousands | 512,448 | 606,031 | 588,388 | 525,018 | 567,976 | 603,727 | 556,004 | 530,359 | 611,835 | 802,861 | 823,993 | 903,202 | 776,042 | 666,670 | 731,317 | 612,059 | 463,749 | 493,604 | 435,212 | 329,255 |
| Working capital turnover | 3.34 | 3.34 | 3.51 | 3.54 | 3.73 | 3.96 | 4.36 | 5.16 | 5.83 | 5.96 | 6.12 | 5.93 | 6.66 | 6.38 | 5.32 | 5.29 | 4.80 | 4.67 | 5.53 | 6.06 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $6,652,310K ÷ ($2,503,020K – $512,448K)
= 3.34
The working capital turnover of Ufp Industries Inc shows the efficiency of the company in generating revenue from its working capital over time. A higher turnover ratio indicates that the company is efficiently utilizing its working capital to generate sales.
From March 31, 2020, to December 31, 2024, Ufp Industries Inc's working capital turnover ratio fluctuated. The ratio started at 6.06 in March 2020, decreased to 3.34 by December 2024, with various peaks and troughs in between.
Overall, the trend shows some variability in the company's ability to efficiently manage its working capital to generate sales. However, a general decline in the ratio over the period might indicate potential inefficiencies or changes in the company's operations that impacted its working capital utilization. Further analysis and comparison with industry benchmarks would provide deeper insights into Ufp Industries Inc's working capital management efficiency.