Crown Holdings Inc (CCK)
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 | 11,928,000 | 11,504,000 | 11,378,000 | 11,328,000 | 11,532,000 | 11,716,000 | 11,928,000 | 12,382,000 | 12,632,000 | 12,492,000 | 12,255,000 | 11,672,000 | 11,632,000 | 11,816,000 | 11,385,000 | 10,666,000 | 10,345,000 | 10,174,000 | 10,769,000 | 11,667,000 |
| Total current assets | US$ in thousands | 4,211,000 | 5,110,000 | 4,932,000 | 4,581,000 | 4,833,000 | 4,452,000 | 4,612,000 | 4,662,000 | 4,659,000 | 4,967,000 | 5,101,000 | 5,062,000 | 4,495,000 | 6,105,000 | 7,105,000 | 4,603,000 | 4,903,000 | 4,330,000 | 3,973,000 | 4,250,000 |
| Total current liabilities | US$ in thousands | 3,465,000 | 4,236,000 | 4,688,000 | 3,864,000 | 4,201,000 | 3,957,000 | 3,554,000 | 3,576,000 | 3,932,000 | 4,010,000 | 5,356,000 | 5,106,000 | 4,133,000 | 5,535,000 | 4,514,000 | 3,756,000 | 4,282,000 | 3,624,000 | 3,447,000 | 3,238,000 |
| Working capital turnover | 15.99 | 13.16 | 46.63 | 15.80 | 18.25 | 23.67 | 11.27 | 11.40 | 17.38 | 13.05 | — | — | 32.13 | 20.73 | 4.39 | 12.59 | 16.66 | 14.41 | 20.47 | 11.53 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $11,928,000K ÷ ($4,211,000K – $3,465,000K)
= 15.99
Based on the provided data, Crown Holdings Inc's working capital turnover has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The working capital turnover ratio is a measure of how efficiently the company is utilizing its working capital to generate sales revenue.
The working capital turnover ratio increased significantly from June 30, 2020, to December 31, 2021, indicating improved efficiency in utilizing working capital to generate sales. The peak value of 46.63 on June 30, 2024, suggests a substantial increase in the company's ability to convert working capital into revenue during that period.
However, there are instances where the working capital turnover ratio decreased, such as from June 30, 2021, to September 30, 2021, and from March 31, 2024, to June 30, 2024. These declines may imply inefficiencies in managing working capital during those particular periods.
Overall, the trend in Crown Holdings Inc's working capital turnover ratio demonstrates fluctuations in the efficiency of utilizing working capital to generate sales revenue. It is crucial for the company to maintain a balanced level of working capital to ensure optimal operational performance and profitability.
Peer comparison
Dec 31, 2024