Amazon.com Inc (AMZN)
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 | 636,907,000 | 618,656,000 | 601,945,000 | 587,658,000 | 571,668,000 | 550,716,000 | 534,914,000 | 521,895,000 | 511,276,000 | 499,803,000 | 483,634,000 | 475,856,000 | 467,958,000 | 456,610,000 | 442,115,000 | 417,869,000 | 384,831,000 | 346,713,000 | 320,581,000 | 295,093,000 |
| Total current assets | US$ in thousands | 190,867,000 | 175,792,000 | 173,307,000 | 163,989,000 | 172,351,000 | 142,995,000 | 140,482,000 | 136,221,000 | 146,791,000 | 131,463,000 | 133,667,000 | 133,876,000 | 161,580,000 | 138,531,000 | 140,848,000 | 121,408,000 | 132,733,000 | 112,969,000 | 110,908,000 | 85,985,000 |
| Total current liabilities | US$ in thousands | 179,431,000 | 161,477,000 | 158,172,000 | 152,965,000 | 164,917,000 | 145,214,000 | 148,238,000 | 147,570,000 | 155,393,000 | 140,363,000 | 140,291,000 | 139,508,000 | 142,266,000 | 123,994,000 | 117,792,000 | 115,404,000 | 126,385,000 | 101,912,000 | 93,896,000 | 79,711,000 |
| Working capital turnover | 55.69 | 43.22 | 39.77 | 53.31 | 76.90 | — | — | — | — | — | — | — | 24.23 | 31.41 | 19.18 | 69.60 | 60.62 | 31.36 | 18.84 | 47.03 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $636,907,000K ÷ ($190,867,000K – $179,431,000K)
= 55.69
Working capital turnover is a financial ratio that measures how efficiently a company is using its working capital to generate revenue. In the case of Amazon.com Inc, the working capital turnover has fluctuated over the past few years.
In March 2020, the working capital turnover was 47.03, indicating that Amazon was able to generate revenue 47 times the amount of its working capital during that period. This ratio decreased to 18.84 in June 2020, suggesting a decrease in efficiency in utilizing working capital.
The ratio improved in the following quarters, reaching its peak at 76.90 in December 2023. This high ratio indicates that Amazon was able to generate significant revenue relative to its working capital during that period.
However, the ratio declined in the subsequent periods, dropping to 53.31 in March 2024, 39.77 in June 2024, and further to 43.22 in September 2024. These decreases may signal potential inefficiencies in managing working capital or a decrease in revenue generation efficiency.
Overall, Amazon's working capital turnover has displayed variability over the years, highlighting the importance of closely monitoring and managing working capital to ensure optimal efficiency in generating revenue.
Peer comparison
Dec 31, 2024