Chemours Co (CC)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,783,000 | 5,750,000 | 5,736,000 | 5,841,000 | 6,027,000 | 6,004,000 | 6,294,000 | 6,566,000 | 6,794,000 | 7,031,000 | 6,934,000 | 6,674,000 | 6,346,000 | 6,109,000 | 5,662,000 | 5,100,000 | 4,969,000 | 4,984,000 | 5,141,000 | 5,456,000 |
| Total current assets | US$ in thousands | 3,026,000 | 3,080,000 | 2,937,000 | 3,597,000 | 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 |
| Total current liabilities | US$ in thousands | 1,803,000 | 1,777,000 | 1,557,000 | 2,231,000 | 2,486,000 | 2,195,000 | 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 |
| Working capital turnover | 4.73 | 4.41 | 4.16 | 4.28 | 4.47 | 4.03 | 5.32 | 4.51 | 5.14 | 4.42 | 4.03 | 4.12 | 4.27 | 3.84 | 4.12 | 3.97 | 4.17 | 3.84 | 3.29 | 4.37 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $5,783,000K ÷ ($3,026,000K – $1,803,000K)
= 4.73
The working capital turnover for Chemours Co has fluctuated over the period from March 31, 2020, to December 31, 2024. The ratio indicates how efficiently the company is utilizing its working capital to generate revenue.
Initially, the working capital turnover was at 4.37 in March 2020, showing that Chemours was generating revenue 4.37 times for every dollar invested in working capital. The ratio decreased to 3.29 in June 2020, indicating a decline in efficiency.
Subsequently, there was some improvement as the ratio gradually increased to 4.27 by December 31, 2021, suggesting better utilization of working capital in generating sales. The ratio peaked at 5.32 on June 30, 2023, reflecting a period of high efficiency in working capital turnover.
However, by December 31, 2024, the ratio had decreased slightly to 4.73, showing a slight decline in efficiency compared to the peak in 2023. Overall, despite fluctuations, Chemours Co has generally maintained a relatively efficient level of working capital turnover over the analyzed period.
Peer comparison
Dec 31, 2024