AutoNation Inc (AN)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 26,948,900 | 26,985,000 | 25,844,000 | 20,390,000 | 21,335,700 |
| Total current assets | US$ in thousands | 4,306,900 | 3,138,000 | 2,811,700 | 4,152,700 | 4,411,100 |
| Total current liabilities | US$ in thousands | 5,582,500 | 3,405,700 | 3,059,800 | 4,165,900 | 5,100,200 |
| Working capital turnover | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $26,948,900K ÷ ($4,306,900K – $5,582,500K)
= —
To calculate Autonation Inc.'s working capital turnover, we need information on the company's working capital and its corresponding sales revenue.
Working capital turnover is a financial ratio that measures a company's efficiency in managing its working capital to generate sales. It is calculated by dividing net sales by average working capital. A higher working capital turnover indicates that the company is effectively utilizing its working capital to generate sales revenue.
Unfortunately, without specific figures for both net sales and working capital for each year provided in the table, we are unable to compute the working capital turnover for Autonation Inc. As a result, a comprehensive analysis of Autonation Inc.'s working capital turnover based on the given data is not feasible. Additional data is required to perform the necessary calculations and provide insightful conclusions regarding the company's working capital management efficiency.
Peer comparison
Dec 31, 2023