Construction Partners Inc

NASDAQ ROAD

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Construction Partners Inc Working Capital Turnover Ratio 2 year CAGR for the quarter ending March 31, 2024: 11.62%

Construction Partners Inc Working Capital Turnover Ratio 2 year CAGR is 11.62% for the quarter ending March 31, 2024, a 249.59% change year over year. The working capital turnover ratio measures the efficiency of a company in utilizing its working capital to generate revenue. It is calculated by dividing the revenue by the working capital. This ratio indicates the number of times the company's working capital is converted into revenue during a specific period. A higher working capital turnover ratio suggests more efficient utilization of working capital in revenue generation. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Construction Partners Inc Working Capital Turnover Ratio for the quarter ending March 31, 2023 was 1.80, a 11.69% change year over year.
Construction Partners Inc Working Capital Turnover Ratio for the quarter ending March 31, 2022 was 1.61, a -4.42% change year over year.
Construction Partners Inc Working Capital Turnover Ratio for the quarter ending March 31, 2021 was 1.68, a 31.65% change year over year.
Construction Partners Inc Working Capital Turnover Ratio for the quarter ending March 31, 2020 was 1.28, a -8.53% change year over year.

NASDAQ: ROAD

Construction Partners Inc

CEO	Mr. Fred Julius Smith III
IPO Date	May 4, 2018
Location	United States
Headquarters	290 Healthwest Drive, Dothan, AL, United States, 36303
Employees	1,146
Sector	Industrials
Industry	Engineering & construction

Description

Construction Partners, Inc., a civil infrastructure company, constructs and maintains roadways in Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee. The company provides various products and services to public and private infrastructure projects, such as highways, roads, bridges, airports, and commercial and residential developments. It also engages in manufacturing and distributing hot mix asphalt (HMA) for internal use and sales to third parties in connection with construction projects; and paving activities, including the construction of roadway base layers and application of asphalt pavement. In addition, the company is involved in site development, including the installation of utility and drainage systems; mining aggregates, such as sand, gravel, and construction stones that are used as raw materials in the production of HMA; and distributing liquid asphalt cement for internal use and sales to third parties in connection with HMA production. The company was formerly known as SunTx CPI Growth Company, Inc. and changed its name to Construction Partners, Inc. in September 2017. Construction Partners, Inc. was incorporated in 2007 and is headquartered in Dothan, Alabama.

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