Cars.com Inc (CARS)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 719,152 | 689,183 | 653,876 | 623,683 | 547,503 |
| Total current assets | US$ in thousands | 214,330 | 178,438 | 148,627 | 147,437 | 178,081 |
| Total current liabilities | US$ in thousands | 116,885 | 145,748 | 106,012 | 94,290 | 90,368 |
| Working capital turnover | 7.38 | 21.08 | 15.34 | 11.74 | 6.24 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $719,152K ÷ ($214,330K – $116,885K)
= 7.38
The working capital turnover ratio for Cars.com Inc has shown a significant upward trend over the past five years, starting at 6.24 in December 31, 2020, and reaching 7.38 by December 31, 2024. The ratio has fluctuated during this period, peaking at 21.08 on December 31, 2023. Overall, the company has been able to effectively utilize its working capital to generate sales, with a notable increase in efficiency from 2020 to 2023. However, a slight decline in the ratio from 2023 to 2024 indicates a potential decrease in working capital efficiency in the most recent year. Further analysis of the company's working capital management practices may be necessary to understand the factors contributing to these fluctuations.
Peer comparison
Dec 31, 2024