AutoNation Inc (AN)
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 | 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 | 21,335,700 | 21,198,500 | 21,086,500 | 21,134,700 |
| Total current assets | US$ in thousands | 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 | 4,411,100 | 4,398,800 | 4,663,600 | 4,831,800 |
| Total current liabilities | US$ in thousands | 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 | 5,100,200 | 5,195,000 | 5,590,300 | 5,898,500 |
| Working capital turnover | — | — | — | — | — | 192.48 | 75.67 | 59.98 | — | — | — | 375.47 | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $26,948,900K ÷ ($4,306,900K – $5,582,500K)
= —
Based on the provided data, the working capital turnover for Autonation Inc. in the first quarter of 2022 was 59.98, indicating that the company generated $59.98 of revenue for every dollar of working capital invested during that period.
The working capital turnover gradually increased in subsequent quarters, reaching 75.67 in Q3 2022 and significantly higher at 192.48 in Q4 2022. This suggests that the company was able to efficiently utilize its working capital to generate sales revenue in the final quarter of 2022.
However, there is missing data for the working capital turnover in 2023, making it difficult to assess the trend and performance for the current year. It is crucial to have complete data for a more comprehensive analysis of Autonation Inc.'s working capital turnover and its implications for the company's operational efficiency and financial health.
Peer comparison
Dec 31, 2023