Vishay Intertechnology Inc (VSH)
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 | 2,937,587 | 3,008,107 | 3,126,407 | 3,277,278 | 3,402,045 | 3,472,107 | 3,543,252 | 3,514,654 | 3,497,401 | 3,485,175 | 3,374,040 | 3,329,648 | 3,240,487 | 3,064,595 | 2,891,092 | 2,653,689 | 2,501,898 | 2,444,295 | 2,432,464 | 2,535,987 |
| Total current assets | US$ in thousands | 1,915,510 | 2,010,770 | 1,997,220 | 2,143,140 | 2,297,160 | 2,440,130 | 2,395,250 | 2,305,900 | 2,121,210 | 2,110,290 | 2,070,420 | 2,070,210 | 2,010,500 | 1,974,000 | 1,911,670 | 1,780,920 | 1,697,340 | 1,615,340 | 1,623,020 | 1,725,190 |
| Total current liabilities | US$ in thousands | 708,348 | 714,426 | 669,959 | 709,344 | 691,875 | 716,949 | 758,374 | 749,254 | 726,258 | 716,964 | 704,102 | 676,383 | 693,667 | 645,734 | 639,114 | 588,046 | 562,423 | 503,274 | 503,376 | 490,273 |
| Working capital turnover | 2.43 | 2.32 | 2.36 | 2.29 | 2.12 | 2.01 | 2.16 | 2.26 | 2.51 | 2.50 | 2.47 | 2.39 | 2.46 | 2.31 | 2.27 | 2.22 | 2.20 | 2.20 | 2.17 | 2.05 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,937,587K ÷ ($1,915,510K – $708,348K)
= 2.43
The working capital turnover of Vishay Intertechnology Inc has shown a generally increasing trend over the period from March 31, 2020, to December 31, 2024. The ratio has improved from 2.05 on March 31, 2020, to 2.43 on December 31, 2024. This indicates that the company is becoming more efficient in generating sales revenue relative to the working capital invested.
There are some fluctuations in the working capital turnover ratio throughout the period, with occasional decreases followed by increases. However, the overall trend is positive, highlighting the company's ability to efficiently utilize its working capital to support its revenue generation activities.
The highest working capital turnover ratio was observed on December 31, 2022, at 2.51, suggesting a peak in efficiency during that period. On the other hand, the lowest ratio was recorded on September 30, 2023, at 2.01, indicating a temporary dip in efficiency during that particular quarter.
Overall, the increasing trend in working capital turnover indicates that Vishay Intertechnology Inc has been managing its working capital effectively, leading to improved efficiency in utilizing its resources to drive sales growth.
Peer comparison
Dec 31, 2024