Vontier Corp (VNT)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,100,500 | 3,179,200 | 3,181,800 | 3,158,900 | 3,134,400 | 3,074,800 | 3,055,300 | 2,985,100 | 2,922,900 | |||
| Total current assets | US$ in thousands | 1,332,500 | 1,303,200 | 1,276,200 | 1,339,500 | 1,385,000 | 1,340,000 | 1,345,900 | 1,257,100 | 1,478,200 | 1,321,100 | 1,469,700 | 1,411,200 |
| Total current liabilities | US$ in thousands | 955,300 | 867,700 | 846,200 | 883,100 | 929,900 | 875,300 | 850,100 | 848,300 | 933,400 | 872,300 | 778,700 | 798,200 |
| Working capital turnover | 8.22 | 7.30 | 7.40 | 6.92 | 6.89 | 6.62 | 6.16 | 7.30 | 5.37 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,100,500K ÷ ($1,332,500K – $955,300K)
= 8.22
The working capital turnover of Vontier Corporation has shown a consistent increasing trend throughout the quarters of 2022 and 2023. The ratios have improved from 6.22 in Q2 2022 to 8.21 in Q4 2023, indicating that the company is generating more revenue per dollar of working capital employed.
This upward trend suggests that Vontier is effectively utilizing its working capital to generate sales and revenue. A higher working capital turnover ratio generally indicates efficient management of working capital and strong sales efficiency.
The company's ability to efficiently utilize its current assets to support its operations and generate sales is improving over time, which is a positive sign of financial health and operational efficiency for Vontier Corporation.
Peer comparison
Dec 31, 2023