Caterpillar Inc (CAT)
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 | 67,060,000 | 66,587,000 | 64,771,000 | 61,700,000 | 59,427,000 | 56,628,000 | 54,031,000 | 52,673,000 | 50,971,000 | 48,408,000 | 45,892,000 | 43,000,000 | 41,748,000 | 43,657,000 | 46,534,000 | 50,969,000 | 53,800,000 | 54,998,000 | 55,750,000 | 55,329,000 |
| Total current assets | US$ in thousands | 46,949,000 | 48,005,000 | 47,000,000 | 45,660,000 | 43,785,000 | 42,577,000 | 41,982,000 | 42,570,000 | 43,455,000 | 41,893,000 | 42,946,000 | 42,581,000 | 39,464,000 | 38,534,000 | 37,862,000 | 37,586,000 | 39,193,000 | 39,160,000 | 39,789,000 | 39,126,000 |
| Total current liabilities | US$ in thousands | 34,728,000 | 33,124,000 | 35,314,000 | 31,842,000 | 31,531,000 | 30,202,000 | 28,963,000 | 29,532,000 | 29,847,000 | 25,976,000 | 27,508,000 | 26,578,000 | 25,717,000 | 24,978,000 | 25,231,000 | 26,516,000 | 26,621,000 | 27,201,000 | 27,735,000 | 27,388,000 |
| Working capital turnover | 5.49 | 4.47 | 5.54 | 4.47 | 4.85 | 4.58 | 4.15 | 4.04 | 3.75 | 3.04 | 2.97 | 2.69 | 3.04 | 3.22 | 3.68 | 4.60 | 4.28 | 4.60 | 4.63 | 4.71 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $67,060,000K ÷ ($46,949,000K – $34,728,000K)
= 5.49
The working capital turnover for Caterpillar Inc. could not be calculated for Q4 2023, Q3 2023, Q2 2023, and Q4 2022 as the necessary data was not provided. However, based on the available data, the working capital turnover for Q1 2023 was 4.47 and for Q3 2022 was 4.58. Working capital turnover reflects how efficiently a company is utilizing its working capital to generate sales revenue. A higher working capital turnover ratio indicates that the company is effectively managing its working capital to support its operations and sales activities. It is recommended to track this metric consistently over multiple periods to identify any trends or deviations in the efficiency of working capital utilization.
Peer comparison
Dec 31, 2023