Veeco Instruments Inc (VECO)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 717,301 | 666,435 | 646,137 | 583,277 | 454,163 |
| Total current assets | US$ in thousands | 764,532 | 706,278 | 668,901 | 549,387 | 586,931 |
| Total current liabilities | US$ in thousands | 192,282 | 218,033 | 257,904 | 189,204 | 146,681 |
| Working capital turnover | 1.25 | 1.36 | 1.57 | 1.62 | 1.03 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $717,301K ÷ ($764,532K – $192,282K)
= 1.25
Working capital turnover for Veeco Instruments Inc has shown some fluctuations over the past five years. The ratio increased from 1.03 in December 31, 2020, to its highest point of 1.62 by the end of December 31, 2021. However, it slightly decreased to 1.57 by the end of December 31, 2022, and further to 1.36 by the end of December 31, 2023. The ratio decreased again to 1.25 by the end of December 31, 2024. This indicates that Veeco has been able to efficiently utilize its working capital to generate revenue, but there has been a recent decline in efficiency. Further analysis of the company's operations and financial position may be needed to understand the reasons behind this trend.
Peer comparison
Dec 31, 2024