Vericel Corp Ord (VCEL)
Working capital turnover
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Revenue | US$ in thousands | 237,224 | 197,516 | 164,365 | 156,184 | 124,179 |
Total current assets | US$ in thousands | 212,777 | 205,631 | 186,866 | 158,462 | 123,560 |
Total current liabilities | US$ in thousands | 50,286 | 45,749 | 37,463 | 26,052 | 22,483 |
Working capital turnover | 1.46 | 1.24 | 1.10 | 1.18 | 1.23 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $237,224K ÷ ($212,777K – $50,286K)
= 1.46
Vericel Corp Ord's working capital turnover has fluctuated over the past five years. It decreased from 1.23 in December 2020 to 1.18 in December 2021, showing a slight decline in efficiency in utilizing its working capital. This trend continued as the working capital turnover further decreased to 1.10 in December 2022. However, in December 2023, there was a notable improvement as the working capital turnover increased to 1.24, indicating better utilization of working capital. This positive trend continued into December 2024, reaching a higher working capital turnover of 1.46, reflecting increased efficiency in managing its working capital during that period. Overall, the company's ability to generate revenue from its working capital has shown both fluctuations and improvements over the years, with a significant improvement in the most recent year.
Peer comparison
Dec 31, 2024