Crown Holdings Inc (CCK)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,041,000 | 11,532,000 | 12,632,000 | 11,118,000 | 11,274,000 |
| Total current assets | US$ in thousands | 4,211,000 | 4,833,000 | 4,659,000 | 4,495,000 | 4,903,000 |
| Total current liabilities | US$ in thousands | 3,465,000 | 4,201,000 | 3,932,000 | 4,133,000 | 4,282,000 |
| Working capital turnover | 16.14 | 18.25 | 17.38 | 30.71 | 18.15 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $12,041,000K ÷ ($4,211,000K – $3,465,000K)
= 16.14
Working capital turnover measures how efficiently a company is utilizing its working capital to generate sales. A higher turnover ratio indicates that the company is effectively managing its working capital.
Crown Holdings Inc's working capital turnover has shown fluctuations over the years. In December 31, 2021, the ratio significantly increased to 30.71, indicating a strong improvement in the efficiency of working capital utilization. However, in the following years, the turnover ratio decreased, with a notable drop to 16.14 by December 31, 2024.
Overall, Crown Holdings Inc's working capital turnover has shown variability, suggesting varying degrees of efficiency in converting working capital into sales over the years. It would be essential for the company to closely monitor and manage its working capital to enhance operational efficiency and maximize profitability.
Peer comparison
Dec 31, 2024