AutoNation Inc (AN)
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 | 26,765,400 | 26,319,600 | 26,626,200 | 27,035,900 | 26,948,900 | 26,878,500 | 26,651,800 | 26,630,900 | 26,985,000 | 26,870,300 | 26,583,800 | 26,693,000 | 25,844,000 | 25,046,800 | 24,072,200 | 21,626,800 | 20,390,000 | 20,153,800 | 20,210,100 | 21,020,900 |
| Total current assets | US$ in thousands | 4,698,000 | 4,749,500 | 4,851,400 | 4,241,900 | 4,306,900 | 3,773,100 | 3,639,800 | 3,153,000 | 3,138,000 | 3,075,000 | 3,131,300 | 3,249,600 | 2,811,700 | 2,374,400 | 2,801,900 | 3,666,800 | 4,152,700 | 3,654,900 | 3,520,200 | 4,748,600 |
| Total current liabilities | US$ in thousands | 6,312,200 | 5,960,400 | 6,217,100 | 5,384,300 | 5,582,500 | 4,531,800 | 4,407,000 | 3,780,800 | 3,405,700 | 2,935,400 | 2,780,000 | 2,804,600 | 3,059,800 | 2,427,200 | 3,040,700 | 3,609,200 | 4,165,900 | 3,710,600 | 3,821,300 | 4,995,800 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | 192.48 | 75.67 | 59.98 | — | — | — | 375.47 | — | — | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $26,765,400K ÷ ($4,698,000K – $6,312,200K)
= —
The working capital turnover ratio for AutoNation Inc has shown varying trends over the periods reported. The ratio was not available (N/A) for the periods up to December 31, 2021, indicating a lack of specific data to calculate the ratio during those times.
From March 31, 2022, to September 30, 2022, there was a significant increase in the working capital turnover ratio, indicating that the company was more efficient in utilizing its working capital to generate sales during that period. This could signify effective management of the company's current assets and liabilities to drive revenue.
However, the ratio decreased from September 30, 2022, to June 30, 2023, although it remained above the levels seen in March 31, 2022, suggesting that there might have been some challenges in maintaining the same level of efficiency in working capital use.
Overall, the working capital turnover ratio provides insights into how efficiently AutoNation Inc is utilizing its working capital to generate sales. A higher ratio typically indicates better utilization of resources to drive revenue, while a decreasing ratio could imply potential inefficiencies in managing working capital. Further analysis and comparison with industry benchmarks would be beneficial to assess the company's performance comprehensively.
Peer comparison
Dec 31, 2024