Autoliv Inc (ALV)
Working capital turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,368,000 | 9,932,000 | 9,663,000 | 9,121,000 | 8,838,000 | 8,682,000 | 8,228,000 | 8,166,000 | 8,201,000 | 8,581,800 | 8,764,800 | 7,790,600 | 7,394,100 | 7,068,500 | 7,064,100 | 8,169,500 | 8,496,000 | 8,497,600 | 8,500,100 | 8,560,700 |
| Total current assets | US$ in thousands | 3,974,000 | 3,879,000 | 3,898,000 | 4,061,000 | 3,714,000 | 3,587,000 | 3,285,000 | 3,923,000 | 3,675,000 | 3,710,000 | 3,804,000 | 4,399,000 | 4,269,000 | 4,036,500 | 3,382,900 | 3,307,000 | 3,002,100 | 2,908,800 | 3,052,200 | 3,111,100 |
| Total current liabilities | US$ in thousands | 4,035,000 | 3,851,000 | 3,756,000 | 3,529,000 | 3,642,000 | 3,458,000 | 3,061,000 | 3,073,000 | 2,821,000 | 2,811,000 | 2,852,000 | 3,188,000 | 3,147,000 | 3,221,300 | 2,152,000 | 2,226,200 | 2,410,200 | 2,304,800 | 2,418,400 | 2,738,500 |
| Working capital turnover | — | 354.71 | 68.05 | 17.14 | 122.75 | 67.30 | 36.73 | 9.61 | 9.60 | 9.55 | 9.21 | 6.43 | 6.59 | 8.67 | 5.74 | 7.56 | 14.35 | 14.07 | 13.41 | 22.98 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $10,368,000K ÷ ($3,974,000K – $4,035,000K)
= —
Autoliv Inc.'s working capital turnover ratio has fluctuated significantly over the past eight quarters. In Q4 2023, the working capital turnover ratio was not provided. However, in Q3 2023, the ratio was notably high at 372.56, indicating that the company generated $372.56 in revenue for every $1 of working capital invested during that period.
The trend prior to Q3 2023 shows a significant increase from Q2 2023, where the ratio was 69.26, suggesting improved efficiency in utilizing its working capital. This was a substantial improvement compared to Q1 2023, which had a working capital turnover of 17.28.
Looking back further, in Q4 2022, Autoliv Inc. had a working capital turnover ratio of 119.49, indicating a strong ability to generate revenue relative to its working capital. The ratios in Q3 and Q2 of 2022 were 66.87 and 36.48, respectively, showing some fluctuations in operational efficiency during that period. Q1 2022 had the lowest working capital turnover ratio of 9.54, indicating that the company struggled to generate revenue efficiently with its working capital at that time.
Overall, Autoliv Inc.'s working capital turnover has shown variations over the quarters, with some periods exhibiting higher efficiency in utilizing working capital to generate revenue than others. This metric is important for assessing the company's operational efficiency and management of its working capital resources.
Peer comparison
Dec 31, 2023