Applovin Corp (APP)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,709,250 | 3,283,090 | 2,817,060 | 2,793,100 | 1,451,090 |
| Total current assets | US$ in thousands | 2,312,190 | 1,616,160 | 1,939,080 | 3,235,060 | 662,994 |
| Total current liabilities | US$ in thousands | 1,057,470 | 944,122 | 578,958 | 640,097 | 598,052 |
| Working capital turnover | 3.75 | 4.89 | 2.07 | 1.08 | 22.34 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $4,709,250K ÷ ($2,312,190K – $1,057,470K)
= 3.75