Vishay Intertechnology Inc (VSH)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,937,590 | 3,402,040 | 3,497,400 | 3,240,490 | 2,501,900 |
| Total current assets | US$ in thousands | 1,915,510 | 2,297,160 | 2,121,210 | 2,010,500 | 1,697,340 |
| Total current liabilities | US$ in thousands | 708,348 | 691,875 | 726,258 | 693,667 | 562,423 |
| Working capital turnover | 2.43 | 2.12 | 2.51 | 2.46 | 2.20 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,937,590K ÷ ($1,915,510K – $708,348K)
= 2.43
The working capital turnover for Vishay Intertechnology Inc has shown fluctuations over the years. In 2020, the company had a working capital turnover of 2.20, which increased to 2.46 in 2021, indicating a more efficient use of working capital to generate sales. This trend continued in 2022, with a working capital turnover of 2.51, suggesting an even more effective management of working capital.
However, in 2023, the working capital turnover dropped to 2.12, potentially signaling a decrease in efficiency in utilizing working capital to generate revenue. The ratio improved again in 2024, reaching 2.43, although it did not surpass the peak achieved in 2022.
Overall, the working capital turnover ratio of Vishay Intertechnology Inc has displayed variability, with periods of improvements and declines. It is important for the company to consistently monitor and manage its working capital efficiently to ensure optimal utilization and support sustainable growth.
Peer comparison
Dec 31, 2024