Brunswick Corporation (BC)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,237,100 | 6,401,400 | 6,812,200 | 5,846,200 | 4,347,500 |
| Total current assets | US$ in thousands | 2,113,800 | 2,509,700 | 2,695,200 | 2,124,600 | 1,670,500 |
| Total current liabilities | US$ in thousands | 1,279,900 | 1,752,100 | 1,489,900 | 1,442,200 | 1,079,200 |
| Working capital turnover | 6.28 | 8.45 | 5.65 | 8.57 | 7.35 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $5,237,100K ÷ ($2,113,800K – $1,279,900K)
= 6.28
The working capital turnover of Brunswick Corporation has shown fluctuations over the years. The ratio increased from 7.35 in December 2020 to 8.57 in December 2021, indicating an improvement in the company's efficiency in utilizing its working capital to generate sales. However, the ratio decreased to 5.65 in December 2022, suggesting a possible decline in the efficiency of working capital utilization during that period.
Subsequently, there was a notable increase in the working capital turnover to 8.45 in December 2023, indicating a significant improvement in the company's ability to convert working capital into sales. However, the ratio decreased again to 6.28 in December 2024, reflecting a decline in efficiency in utilizing working capital effectively to support sales activities.
Overall, Brunswick Corporation has demonstrated varying levels of efficiency in managing its working capital to generate sales over the years, with fluctuations in the turnover ratio reflecting changes in the company's operational efficiency and financial management practices.
Peer comparison
Dec 31, 2024