Amazon.com Inc (AMZN)

Working capital turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	637,551,000	571,668,000	511,276,000	467,958,000	384,452,000
Total current assets	US$ in thousands	190,867,000	172,351,000	146,791,000	161,580,000	132,733,000
Total current liabilities	US$ in thousands	179,431,000	164,917,000	155,393,000	142,266,000	126,385,000
Working capital turnover		55.75	76.90	—	24.23	60.56

December 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $637,551,000K ÷ ($190,867,000K – $179,431,000K)
= 55.75

The working capital turnover for Amazon.com Inc has shown some fluctuations over the years. In 2020, the working capital turnover was 60.56, indicating that the company generated $60.56 of revenue for every dollar of working capital during that period. However, in 2021, the working capital turnover decreased to 24.23, suggesting a decline in efficiency in utilizing its working capital to generate revenue.

The absence of data for December 31, 2022, makes it difficult to assess the trend for that specific year. Nonetheless, in 2023, the working capital turnover significantly improved to 76.90, showcasing a strong performance in efficiently utilizing working capital to generate revenue. In the most recent year, 2024, the working capital turnover stood at 55.75, indicating a slightly lower but still relatively efficient use of working capital in revenue generation compared to 2023.

Overall, the working capital turnover ratio for Amazon.com Inc has varied over the years, with fluctuations suggesting different levels of effectiveness in converting working capital into revenue. Continued monitoring of this ratio is important to assess the company's operational efficiency and financial performance.