Xencor Inc (XNCR)
Working capital turnover
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Revenue | US$ in thousands | 110,493 | 168,338 | 164,579 | 275,111 | 122,694 |
Total current assets | US$ in thousands | 577,601 | 623,160 | 675,342 | 424,368 | 637,672 |
Total current liabilities | US$ in thousands | 87,432 | 84,709 | 63,844 | 70,738 | 121,061 |
Working capital turnover | 0.23 | 0.31 | 0.27 | 0.78 | 0.24 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $110,493K ÷ ($577,601K – $87,432K)
= 0.23
The working capital turnover ratio for Xencor Inc has shown fluctuations over the years. In December 31, 2020, the working capital turnover was relatively low at 0.24, indicating that the company's efficiency in utilizing its working capital to generate revenue was not optimal.
However, there was a significant improvement in December 31, 2021, with the ratio increasing to 0.78. This suggests that Xencor Inc was more effective in generating revenue from its working capital during that period.
Subsequently, in December 31, 2022 and 2023, the working capital turnover ratio decreased to 0.27 and 0.31, respectively, indicating a slight decline in efficiency compared to the previous year.
In December 31, 2024, the ratio fell to 0.23, which is lower compared to the previous year. This could suggest potential challenges in efficiently utilizing working capital to generate revenue.
Overall, while there have been fluctuations in Xencor Inc's working capital turnover ratio, the company should monitor and manage its working capital efficiently to ensure sustainable operations and profitability in the long term.
Peer comparison
Dec 31, 2024