Chemours Co (CC)
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 | 5,881,000 | 5,818,000 | 6,130,000 | 6,410,000 | 6,639,000 | 6,872,000 | 6,744,000 | 6,477,000 | 6,141,000 | 5,876,000 | 5,441,000 | 4,873,000 | 4,737,000 | 4,824,000 | 4,981,000 | 5,297,000 | 5,371,000 | 5,668,000 | 5,912,000 | 6,286,000 |
| Total current assets | US$ in thousands | 3,835,000 | 3,683,000 | 3,374,000 | 3,202,000 | 3,214,000 | 3,543,000 | 3,606,000 | 3,393,000 | 3,345,000 | 3,371,000 | 3,047,000 | 2,786,000 | 2,633,000 | 2,605,000 | 2,717,000 | 2,591,000 | 2,777,000 | 2,827,000 | 2,832,000 | 2,847,000 |
| Total current liabilities | US$ in thousands | 2,486,000 | 2,925,000 | 2,190,000 | 1,745,000 | 1,891,000 | 1,951,000 | 1,886,000 | 1,775,000 | 1,858,000 | 1,779,000 | 1,674,000 | 1,501,000 | 1,442,000 | 1,308,000 | 1,156,000 | 1,343,000 | 1,541,000 | 1,643,000 | 1,448,000 | 1,572,000 |
| Working capital turnover | 4.36 | 7.68 | 5.18 | 4.40 | 5.02 | 4.32 | 3.92 | 4.00 | 4.13 | 3.69 | 3.96 | 3.79 | 3.98 | 3.72 | 3.19 | 4.24 | 4.35 | 4.79 | 4.27 | 4.93 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $5,881,000K ÷ ($3,835,000K – $2,486,000K)
= 4.36
The working capital turnover ratio of Chemours Co has fluctuated over the recorded periods, ranging from 3.19 to 7.68. This ratio indicates how efficiently the company is using its working capital to generate revenue. A higher ratio suggests that the company is effectively managing its working capital to support its operations and generate sales.
The trend shows some variability, with peaks and troughs over time. The ratio peaked at 7.68 in September 2023, indicating a significant improvement in working capital efficiency during that period. Conversely, the ratio hit a low of 3.19 in June 2020, suggesting a decrease in working capital turnover efficiency at that time.
Overall, the average working capital turnover ratio of Chemours Co over the recorded periods is around 4.33. This suggests that, on average, the company is effectively utilizing its working capital to support its revenue generation activities. However, it is important to monitor the trend and fluctuations in this ratio to assess the company's efficiency in managing its working capital effectively.
Peer comparison
Dec 31, 2023