Brunswick Corporation (BC)
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 | 6,401,400 | 6,622,200 | 6,726,800 | 6,860,100 | 6,812,200 | 6,660,500 | 6,389,500 | 6,108,700 | 5,846,200 | 5,576,300 | 5,382,200 | 4,815,200 | 4,347,500 | 4,104,000 | 3,847,500 | 4,023,200 | 4,108,400 | 4,151,900 | 4,219,400 | 4,204,600 |
| Total current assets | US$ in thousands | 2,509,700 | 2,441,300 | 2,672,800 | 2,678,400 | 2,695,200 | 2,595,000 | 2,685,400 | 2,791,200 | 2,124,600 | 2,942,000 | 1,988,000 | 1,835,700 | 1,670,500 | 1,681,200 | 1,714,100 | 1,869,800 | 1,525,800 | 1,693,600 | 2,011,400 | 1,937,800 |
| Total current liabilities | US$ in thousands | 1,752,100 | 1,659,200 | 1,394,000 | 1,438,600 | 1,489,900 | 1,379,300 | 1,347,700 | 1,328,200 | 1,442,200 | 1,256,300 | 1,251,300 | 1,129,000 | 1,079,200 | 949,600 | 1,054,600 | 1,286,200 | 944,400 | 904,000 | 1,015,700 | 1,205,700 |
| Working capital turnover | 8.45 | 8.47 | 5.26 | 5.53 | 5.65 | 5.48 | 4.78 | 4.18 | 8.57 | 3.31 | 7.31 | 6.81 | 7.35 | 5.61 | 5.83 | 6.89 | 7.07 | 5.26 | 4.24 | 5.74 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $6,401,400K ÷ ($2,509,700K – $1,752,100K)
= 8.45
Based on the data provided, Brunswick Corp.'s working capital turnover ratio has fluctuated over the past 8 quarters.
The working capital turnover ratio measures how efficiently a company is able to generate revenue from its working capital. A higher ratio indicates that the company is able to generate more revenue using its current assets and liabilities.
In the most recent quarter (Q4 2023), the working capital turnover ratio was 8.45, showing a slight decrease from the previous quarter. This suggests that Brunswick Corp. was able to generate $8.45 in revenue for every dollar of working capital invested during that quarter.
Looking at the trend over the past year, it is evident that the working capital turnover ratio has generally been increasing, with some fluctuations. This trend indicates an improvement in Brunswick Corp.'s efficiency in managing its working capital to generate revenue.
Overall, Brunswick Corp. has shown an increasing trend in its working capital turnover ratio, signaling an improvement in the company's ability to efficiently utilize its working capital to generate revenue. This trend is a positive indicator of the company's operational efficiency and effective management of its working capital.
Peer comparison
Dec 31, 2023