Dentsply Sirona Inc (XRAY)
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 | 3,793,000 | 3,900,000 | 3,896,000 | 3,940,000 | 3,965,000 | 3,936,000 | 3,936,000 | 3,931,000 | 3,918,000 | 4,023,000 | 4,145,000 | 4,189,000 | 4,251,000 | 4,245,000 | 4,070,800 | 3,494,400 | 3,341,700 | 3,371,200 | 3,438,500 | 3,957,300 |
| Total current assets | US$ in thousands | 1,746,000 | 1,921,000 | 1,758,000 | 1,902,000 | 1,973,000 | 1,913,000 | 1,920,000 | 1,943,000 | 1,893,000 | 1,939,000 | 1,885,000 | 1,886,000 | 1,837,000 | 1,804,000 | 1,785,000 | 1,696,000 | 1,791,000 | 2,579,600 | 2,362,900 | 1,805,200 |
| Total current liabilities | US$ in thousands | 1,589,000 | 1,542,000 | 1,323,000 | 1,330,000 | 1,425,000 | 1,218,000 | 1,271,000 | 1,374,000 | 1,170,000 | 1,296,000 | 1,241,000 | 1,303,000 | 1,186,000 | 1,126,000 | 1,251,000 | 1,212,000 | 1,317,000 | 1,178,200 | 763,000 | 891,500 |
| Working capital turnover | 24.16 | 10.29 | 8.96 | 6.89 | 7.24 | 5.66 | 6.06 | 6.91 | 5.42 | 6.26 | 6.44 | 7.19 | 6.53 | 6.26 | 7.62 | 7.22 | 7.05 | 2.41 | 2.15 | 4.33 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,793,000K ÷ ($1,746,000K – $1,589,000K)
= 24.16
The working capital turnover ratio reflects how efficiently Dentsply Sirona Inc is utilizing its working capital to generate sales revenue. A higher ratio indicates better efficiency in utilizing working capital.
Looking at the trend in Dentsply Sirona Inc's working capital turnover ratio over the reported periods, we observe fluctuation in the ratio. The ratio increased from March 2020 to December 2022, suggesting a significant improvement in working capital efficiency during this period. However, the ratio decreased slightly from December 2022 to September 2023, indicating a small dip in efficiency.
From September 2023 to December 2024, there was a sharp increase in the working capital turnover ratio, reaching a peak of 24.16 in December 2024. This substantial increase may indicate a significant improvement in working capital efficiency and effective management of assets to generate sales revenue.
Overall, the trend in Dentsply Sirona Inc's working capital turnover ratio shows periods of improvement and fluctuation. It is essential to monitor this ratio closely to ensure efficient utilization of working capital to support the company's operations and growth.
Peer comparison
Dec 31, 2024