Bunge Limited (BG)
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 | 53,108,000 | 54,502,000 | 55,821,000 | 57,629,000 | 59,540,000 | 61,264,000 | 63,796,000 | 66,680,000 | 67,232,000 | 67,255,000 | 64,613,000 | 62,071,000 | 59,152,000 | 55,079,000 | 51,121,000 | 45,192,000 | 41,404,000 | 39,577,000 | 39,741,000 | 40,375,000 |
| Total current assets | US$ in thousands | 15,958,000 | 15,919,000 | 15,452,000 | 16,740,000 | 16,350,000 | 16,624,000 | 17,200,000 | 19,040,000 | 16,758,000 | 17,195,000 | 19,732,000 | 20,890,000 | 16,460,000 | 16,534,000 | 17,555,000 | 17,285,000 | 16,181,000 | 13,501,000 | 11,468,000 | 11,100,000 |
| Total current liabilities | US$ in thousands | 7,435,000 | 7,691,000 | 7,606,000 | 8,429,000 | 7,687,000 | 8,245,000 | 8,291,000 | 10,408,000 | 9,600,000 | 10,567,000 | 13,101,000 | 13,860,000 | 9,324,000 | 9,759,000 | 10,321,000 | 11,340,000 | 10,985,000 | 8,932,000 | 7,496,000 | 8,022,000 |
| Working capital turnover | 6.23 | 6.62 | 7.11 | 6.93 | 6.87 | 7.31 | 7.16 | 7.72 | 9.39 | 10.15 | 9.74 | 8.83 | 8.29 | 8.13 | 7.07 | 7.60 | 7.97 | 8.66 | 10.01 | 13.12 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $53,108,000K ÷ ($15,958,000K – $7,435,000K)
= 6.23
The working capital turnover ratio of Bunge Limited has shown fluctuating trends over the past several periods, indicating varying efficiencies in managing its working capital. The ratio measures how effectively the company is utilizing its working capital to generate sales revenue.
Initially, in March 2020, the working capital turnover was at 13.12, indicating that Bunge was able to generate 13.12 times sales revenue through its working capital. However, this ratio decreased over the subsequent quarters, reaching a low of 6.23 in December 2024.
The declining trend suggests a potential inefficiency in managing working capital or difficulties in converting working capital into sales. Periods with lower ratios may indicate excess working capital tied up in operations or challenges in maintaining optimal levels of inventory and receivables.
Overall, Bunge Limited should closely monitor its working capital turnover ratio and implement strategies to improve efficiency in managing its working capital to support profitability and liquidity in the long run.
Peer comparison
Dec 31, 2024