Vericel Corp Ord (VCEL)

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	237,224	226,844	214,520	207,780	197,516	185,214	178,184	169,308	164,365	159,262	155,217	157,690	156,184	153,822	151,574	132,069	124,179	118,340	116,581	122,718
Total current assets	US$ in thousands	212,777	190,520	197,386	189,718	205,631	186,211	182,871	177,545	186,866	166,375	155,094	151,880	158,462	144,946	138,520	127,213	123,560	125,382	115,762	119,162
Total current liabilities	US$ in thousands	50,286	41,346	43,863	36,470	45,749	35,946	35,611	28,753	37,463	27,004	25,014	21,731	26,052	18,828	23,863	23,230	22,483	21,313	18,121	20,750
Working capital turnover		1.46	1.52	1.40	1.36	1.24	1.23	1.21	1.14	1.10	1.14	1.19	1.21	1.18	1.22	1.32	1.27	1.23	1.14	1.19	1.25

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (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 few years, ranging from 1.10 to 1.52. The working capital turnover indicates how efficiently the company is utilizing its working capital to generate sales revenue. A higher working capital turnover generally indicates that the company is effectively managing its working capital to support its operations and generate sales.

Looking at the trend, we can see that there is some variability in Vericel Corp Ord's working capital turnover over time. The company saw an increase in the ratio from March 31, 2023, to June 30, 2024, reaching its peak at 1.52. This suggests that during this period, the company was able to generate more sales revenue relative to its working capital, indicating improved efficiency in its working capital management.

However, it is important to note that the working capital turnover decreased slightly in the subsequent quarters, ending at 1.46 as of December 31, 2024. This decrease may indicate a slight decline in the efficiency of the company's working capital utilization in the most recent period.

Overall, while Vericel Corp Ord's working capital turnover has shown some fluctuations, the general trend points towards effective utilization of working capital to support its sales operations. Keep monitoring this ratio to assess the company's ongoing efficiency in managing its working capital.