Maplebear Inc. (CART)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,378,000 | 3,042,000 | 2,551,000 | 1,834,000 | 1,477,000 |
| Total current assets | US$ in thousands | 2,697,000 | 3,305,000 | 2,740,000 | 2,395,000 | 1,972,000 |
| Total current liabilities | US$ in thousands | 798,000 | 733,000 | 795,000 | 592,000 | 407,000 |
| Working capital turnover | 1.78 | 1.18 | 1.31 | 1.02 | 0.94 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,378,000K ÷ ($2,697,000K – $798,000K)
= 1.78
Maplebear Inc.'s working capital turnover has shown an increasing trend over the years, reflecting an improvement in its efficiency of utilizing working capital. The ratio was 0.94 as of December 31, 2020, and increased to 1.02 by December 31, 2021. Further, there was a notable jump to 1.31 by December 31, 2022, indicating a significant enhancement in the company's ability to generate revenue from its working capital. However, there was a slight decrease to 1.18 by December 31, 2023, before a substantial surge to 1.78 by December 31, 2024.
This trend suggests that Maplebear Inc. has been more efficient in converting its working capital into sales revenue, which could be attributed to better inventory management, effective accounts receivable collection, or streamlined payables processes. Overall, the increasing working capital turnover signifies an enhanced operational performance and liquidity management within the company.
Peer comparison
Dec 31, 2024