Crocs Inc (CROX)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,094,330 | 3,799,360 | 3,421,060 | 2,291,690 | 1,375,710 |
| Total current assets | US$ in thousands | 872,269 | 910,704 | 1,025,980 | 666,569 | 492,841 |
| Total current liabilities | US$ in thousands | 740,208 | 698,296 | 641,274 | 388,243 | 291,584 |
| Working capital turnover | 31.00 | 17.89 | 8.89 | 8.23 | 6.84 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $4,094,330K ÷ ($872,269K – $740,208K)
= 31.00
Crocs Inc's working capital turnover has shown a positive trend over the past five years. The ratio has increased steadily from 6.84 in December 2020 to 31.00 in December 2024. This indicates that the company is efficiently utilizing its working capital to generate sales revenue. A higher working capital turnover ratio reflects a more effective management of working capital and indicates that the company is able to generate more sales with the same level of investment in current assets. Crocs Inc's increasing working capital turnover ratio is a positive sign of its operational efficiency and effective management of its working capital resources.
Peer comparison
Dec 31, 2024