Amazon.com Inc (AMZN)
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 | 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 | 279,382,000 | 264,328,000 | 250,961,000 | 240,483,000 |
| Total current assets | US$ in thousands | 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 | 96,334,000 | 79,054,000 | 76,790,000 | 69,431,000 |
| Total current liabilities | US$ in thousands | 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 | 87,812,000 | 72,136,000 | 69,678,000 | 63,695,000 |
| Working capital turnover | 76.90 | — | — | — | — | — | — | — | 24.23 | 31.41 | 19.18 | 69.60 | 60.62 | 31.36 | 18.84 | 47.03 | 32.78 | 38.21 | 35.29 | 41.93 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $571,668,000K ÷ ($172,351,000K – $164,917,000K)
= 76.90
The working capital turnover ratio for Amazon.com Inc. in Q4 2023 is reported as 77.32. This indicates that for every dollar of working capital invested, the company generated $77.32 in revenue during the quarter. Unfortunately, without historical data or additional quarters for comparison, it is difficult to assess the trend or implications of this specific ratio. It appears to show a very efficient use of working capital during Q4 2023, but insights into changes over time or relative performance against industry benchmarks are not available. Monitoring this ratio over multiple quarters would provide a clearer picture of Amazon's efficiency in managing its working capital and its ability to generate revenue from its operational resources.
Peer comparison
Dec 31, 2023