Carnival Corporation (CCL)
Working capital turnover
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 24,945,000 | 19,429,000 | 10,558,000 | 1,908,000 | 4,236,000 |
| Total current assets | US$ in thousands | 3,378,000 | 5,266,000 | 7,492,000 | 10,133,000 | 10,563,000 |
| Total current liabilities | US$ in thousands | 11,617,000 | 11,481,000 | 10,605,000 | 10,408,000 | 8,686,000 |
| Working capital turnover | — | — | — | — | 2.26 |
November 30, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $24,945,000K ÷ ($3,378,000K – $11,617,000K)
= —
The working capital turnover ratio for Carnival Corporation was 2.26 as of November 30, 2020. This ratio indicates that the company generated $2.26 in revenue for every dollar of working capital invested during that period. However, data for the subsequent years is not available for further analysis, making it challenging to assess any trends or changes in the company's efficiency in utilizing its working capital. A consistent analysis over multiple periods would be necessary to provide a more comprehensive understanding of how efficiently Carnival Corporation is managing its working capital.
Peer comparison
Nov 30, 2024