Church & Dwight Company Inc (CHD)
Working capital turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,867,900 | 5,775,900 | 5,637,300 | 5,508,200 | 5,375,600 | 5,308,300 | 5,302,400 | 5,248,400 | 5,190,100 | 5,116,700 | 5,046,300 | 4,969,500 | 4,895,800 | 4,744,700 | 4,593,100 | 4,478,200 | 4,357,700 | 4,287,900 | 4,236,100 | 4,184,600 |
| Total current assets | US$ in thousands | 1,529,700 | 1,744,600 | 1,576,400 | 1,334,900 | 1,395,900 | 1,564,400 | 1,750,700 | 1,221,800 | 1,233,400 | 1,176,800 | 1,128,700 | 1,111,800 | 1,112,400 | 1,444,500 | 1,276,700 | 1,828,800 | 956,400 | 908,800 | 925,900 | 913,700 |
| Total current liabilities | US$ in thousands | 1,422,000 | 1,188,400 | 1,121,800 | 1,126,900 | 1,183,800 | 1,450,600 | 1,726,800 | 1,871,600 | 2,075,200 | 1,584,400 | 1,376,100 | 1,274,300 | 1,388,600 | 971,900 | 996,600 | 1,769,000 | 1,092,300 | 1,142,100 | 1,184,700 | 1,133,300 |
| Working capital turnover | 54.48 | 10.38 | 12.40 | 26.48 | 25.34 | 46.65 | 221.86 | — | — | — | — | — | — | 10.04 | 16.40 | 74.89 | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $5,867,900K ÷ ($1,529,700K – $1,422,000K)
= 54.48
The working capital turnover for Church & Dwight Co., Inc. has displayed considerable fluctuations over the past eight quarters.
In Q1 2022, the company had a working capital turnover of 221.86, which was unusually high and may indicate an efficient utilization of working capital resources during that period. However, this figure dropped significantly in the subsequent quarters, with a sharp decline to 25.34 in Q4 2022.
The working capital turnover then fluctuated in the following quarters, ranging from 10.38 to 54.48. Q2 and Q3 of 2022 showed relatively low turnover ratios, indicating a slower utilization of working capital during those periods.
Overall, the wide range of values for the working capital turnover suggests that Church & Dwight Co., Inc. has experienced varying efficiency levels in managing its working capital over the analyzed period. Further analysis and comparison with industry benchmarks may provide additional insights into the company's working capital management performance.
Peer comparison
Dec 31, 2023