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

Company name
Symbol
Working capital turnover
Caterpillar Inc
CAT
5.49
Astec Industries Inc
ASTE
3.17
CNH Industrial N.V.
CNH
2.60

See also:

Caterpillar Inc Working Capital Turnover (Quarterly Data)