Corteva Inc (CTVA)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 16,908,000 | 17,226,000 | 17,455,000 | 15,655,000 | 14,217,000 |
| Total current assets | US$ in thousands | 15,097,000 | 16,260,000 | 16,795,000 | 15,546,000 | 14,768,000 |
| Total current liabilities | US$ in thousands | 10,386,000 | 10,409,000 | 10,744,000 | 9,558,000 | 8,548,000 |
| Working capital turnover | 3.59 | 2.94 | 2.88 | 2.61 | 2.29 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $16,908,000K ÷ ($15,097,000K – $10,386,000K)
= 3.59
The working capital turnover of Corteva Inc has shown a consistent upward trend from 2.29 in 2020 to 3.59 in 2024. This indicates that the company is becoming more efficient in utilizing its working capital to generate revenue. The increase in the working capital turnover ratio signifies that Corteva is able to generate more sales revenue for each dollar of working capital invested in the business. This improvement suggests better liquidity management and operational efficiency within the company. Overall, the increasing trend in the working capital turnover ratio demonstrates Corteva's ability to effectively leverage its working capital to support its business operations and growth.
Peer comparison
Dec 31, 2024