Chemours Co (CC)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,782,000 | 6,027,000 | 6,794,000 | 6,345,000 | 4,969,000 |
| Total current assets | US$ in thousands | 3,026,000 | 3,835,000 | 3,214,000 | 3,345,000 | 2,633,000 |
| Total current liabilities | US$ in thousands | 1,803,000 | 2,486,000 | 1,891,000 | 1,858,000 | 1,442,000 |
| Working capital turnover | 4.73 | 4.47 | 5.14 | 4.27 | 4.17 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $5,782,000K ÷ ($3,026,000K – $1,803,000K)
= 4.73
The working capital turnover for Chemours Co has shown a generally positive trend over the five-year period from December 31, 2020, to December 31, 2024. The ratio has increased from 4.17 in 2020 to 4.73 in 2024, with fluctuations in between.
A working capital turnover ratio above 1 indicates that the company is operating efficiently in terms of managing its working capital to generate sales. The increasing trend in this ratio suggests that Chemours Co has been able to utilize its working capital more effectively over time to support its revenue-generating activities.
However, it is important to note the fluctuations in the ratio over the years, as these variations could be indicative of changes in the company's operating efficiency or its ability to manage its working capital resources. Further analysis would be needed to assess the reasons behind these fluctuations and to determine the overall effectiveness of Chemours Co's working capital management strategies.
Peer comparison
Dec 31, 2024