Corsair Gaming Inc (CRSR)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,459,880 | 1,375,100 | 1,904,060 | 1,702,370 |
| Total current assets | US$ in thousands | 711,589 | 622,793 | 705,775 | 690,971 |
| Total current liabilities | US$ in thousands | 418,487 | 342,998 | 446,747 | 505,381 |
| Working capital turnover | 4.98 | 4.91 | 7.35 | 9.17 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,459,880K ÷ ($711,589K – $418,487K)
= 4.98
Corsair Gaming Inc's working capital turnover has decreased slightly from 4.91 in 2022 to 4.98 in 2023. However, this ratio remains relatively stable over the years, indicating that the company efficiently utilizes its working capital to generate sales revenue. Compared to previous years, the working capital turnover was higher in 2021 and 2020 at 7.35 and 9.17 respectively, suggesting a more efficient management of working capital during those periods. Overall, a working capital turnover above 1 indicates that the company is effectively using its working capital to support its operations and generate sales.
Peer comparison
Dec 31, 2023