Cogent Communications Group Inc (CCOI)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 783,813 | 940,922 | 599,604 | 589,797 | 568,103 |
| Total current assets | US$ in thousands | 53,090 | 513,627 | 365,913 | 409,577 | 456,337 |
| Total current liabilities | US$ in thousands | 82,465 | 373,324 | 120,284 | 81,010 | 94,443 |
| Working capital turnover | — | 6.71 | 2.44 | 1.80 | 1.57 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $783,813K ÷ ($53,090K – $82,465K)
= —
The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales revenue. In the case of Cogent Communications Group Inc, there has been a notable improvement in the working capital turnover over the past few years.
In December 31, 2020, the working capital turnover was 1.57, indicating that the company generated $1.57 in sales for every $1 of working capital. By December 31, 2024, the working capital turnover had increased to an impressive 6.71, highlighting a significant enhancement in efficiency in utilizing working capital to drive sales.
It is important to note that the working capital turnover ratio reaching a value of "— " for December 31, 2024, could be due to missing or incomplete data. Overall, the trend of increasing working capital turnover suggests that Cogent Communications Group Inc has been able to more effectively manage its working capital resources to support sales growth. This improvement may indicate enhanced operational efficiency and better liquidity management within the company.
Peer comparison
Dec 31, 2024