Werner Enterprises Inc (WERN)
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 | 3,030,258 | 3,097,524 | 3,169,567 | 3,219,865 | 3,283,499 | 3,323,045 | 3,332,907 | 3,358,087 | 3,289,978 | 3,193,708 | 3,068,993 | 2,882,531 | 2,734,372 | 2,589,453 | 2,476,776 | 2,395,921 | 2,372,178 | 2,373,663 | 2,401,713 | 2,460,287 |
Total current assets | US$ in thousands | 541,773 | 546,966 | 577,666 | 597,316 | 634,628 | 644,808 | 609,335 | 709,776 | 762,615 | 730,506 | 772,405 | 678,354 | 617,424 | 569,791 | 666,511 | 532,909 | 456,916 | 464,121 | 431,587 | 459,643 |
Total current liabilities | US$ in thousands | 355,749 | 357,709 | 342,459 | 314,052 | 330,585 | 329,664 | 315,129 | 303,329 | 309,520 | 302,634 | 470,980 | 290,271 | 269,647 | 261,228 | 254,187 | 307,761 | 274,014 | 256,208 | 249,623 | 304,671 |
Working capital turnover | 16.29 | 16.37 | 13.48 | 11.37 | 10.80 | 10.54 | 11.33 | 8.26 | 7.26 | 7.46 | 10.18 | 7.43 | 7.86 | 8.39 | 6.01 | 10.64 | 12.97 | 11.42 | 13.20 | 15.88 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,030,258K ÷ ($541,773K – $355,749K)
= 16.29
Working capital turnover measures how efficiently a company is using its working capital to generate revenue. A higher turnover ratio indicates better efficiency in managing working capital.
Looking at the data provided for Werner Enterprises Inc, we observe fluctuations in the working capital turnover ratio over the quarters analyzed. The ratio ranged from a high of 16.37 in September 2024 to a low of 6.01 in June 2021.
Initially, the working capital turnover was relatively high, indicating efficient utilization of working capital to generate revenue. However, there was a significant drop in the ratio in mid-2021, suggesting a potential slowdown in the company's working capital management efficiency.
Subsequently, there were fluctuations in the ratio, with periods of improvement and decline. The ratio generally recovered and showed an upward trend towards the end of the data period, reaching 16.29 in December 2024.
Overall, an analysis of Werner Enterprises Inc's working capital turnover indicates varying levels of efficiency in utilizing working capital to support sales activity over the quarters, with some periods showing stronger performance than others. It would be crucial for the company to monitor and manage its working capital effectively to ensure optimal performance and efficiency in generating revenue.
Peer comparison
Dec 31, 2024