Celanese Corporation (CE)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,280,000 | 10,940,000 | 9,673,000 | 8,537,000 | 5,655,000 |
| Total current assets | US$ in thousands | 5,145,000 | 6,218,000 | 6,611,000 | 3,807,000 | 3,763,000 |
| Total current liabilities | US$ in thousands | 3,853,000 | 4,072,000 | 4,068,000 | 2,505,000 | 1,973,000 |
| Working capital turnover | 7.96 | 5.10 | 3.80 | 6.56 | 3.16 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $10,280,000K ÷ ($5,145,000K – $3,853,000K)
= 7.96
Based on the provided data, the working capital turnover for Celanese Corporation has shown fluctuations over the past five years. The working capital turnover ratio measures how efficiently a company is able to utilize its working capital to generate revenue.
In December 31, 2020, the working capital turnover was 3.16, indicating that the company generated $3.16 in revenue for every dollar of working capital invested. Subsequently, the ratio improved significantly in December 31, 2021, reaching 6.56, representing a substantial increase in efficiency in utilizing working capital.
However, in December 31, 2022, the ratio decreased to 3.80, suggesting a slight decline in the efficiency of working capital management. The ratio then improved in December 31, 2023, to 5.10, showing a better utilization of working capital compared to the previous year.
The most recent data point in December 31, 2024, indicates a working capital turnover of 7.96, reflecting a significant enhancement in the company's ability to generate revenue from its working capital.
Overall, the trend in Celanese Corporation's working capital turnover indicates fluctuations but generally demonstrates an improvement in efficiency in utilizing working capital to drive revenue generation over the five-year period.
Peer comparison
Dec 31, 2024