Vicor Corporation (VICR)
Working capital turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 413,907 | 420,379 | 415,653 | 411,092 | 401,558 | 744,011 | 725,804 | 718,994 | 719,508 | 353,979 | 347,180 | 322,565 | 297,170 | 275,993 | 268,669 | 261,279 | 263,414 | 274,009 | 281,058 | 291,685 |
| Total current assets | US$ in thousands | 420,366 | 398,967 | 378,786 | 366,370 | 362,604 | 358,153 | 352,331 | 344,594 | 356,760 | 350,002 | 349,030 | 332,037 | 316,932 | 309,782 | 308,678 | 185,190 | 179,066 | 176,018 | 169,645 | 163,788 |
| Total current liabilities | US$ in thousands | 44,169 | 46,533 | 49,976 | 53,672 | 64,549 | 64,359 | 59,453 | 49,560 | 49,093 | 42,615 | 49,777 | 42,878 | 40,513 | 37,998 | 41,919 | 35,220 | 29,930 | 30,768 | 33,157 | 30,733 |
| Working capital turnover | 1.10 | 1.19 | 1.26 | 1.31 | 1.35 | 2.53 | 2.48 | 2.44 | 2.34 | 1.15 | 1.16 | 1.12 | 1.08 | 1.02 | 1.01 | 1.74 | 1.77 | 1.89 | 2.06 | 2.19 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $413,907K ÷ ($420,366K – $44,169K)
= 1.10
The working capital turnover ratio of Vicor Corp. has displayed a fluctuating trend over the given periods, ranging from 1.08 to 1.34. A working capital turnover ratio indicates how efficiently a company is utilizing its working capital to generate sales revenue.
The decreasing trend observed from Q4 2022 to Q1 2023, reaching a low of 1.22, signifies a potential inefficiency in utilizing working capital during that period. However, the ratio started to increase in subsequent quarters, reaching a peak of 1.34 in Q4 2022, indicating a more effective utilization of working capital to generate sales.
Overall, the company's working capital turnover ratio has shown variability, suggesting that Vicor Corp. may have experienced fluctuations in its working capital management efficiency during the analyzed periods. Further analysis of the company's operational and financial activities could provide insights into the reasons behind these fluctuations and help in evaluating the overall financial health of the organization.
Peer comparison
Dec 31, 2023