Dupont De Nemours Inc (DD)

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	12,081,000	12,327,000	12,579,000	12,906,000	13,171,000	14,289,000	15,217,000	16,090,000	16,791,000	17,744,000	18,585,000	19,146,000	20,397,000	20,349,000	20,679,000	21,319,000	21,512,000	21,765,000	22,022,000	22,411,000
Total current assets	US$ in thousands	7,514,000	7,935,000	11,127,000	11,200,000	11,270,000	14,350,000	14,006,000	14,443,000	14,303,000	8,497,000	10,492,000	12,540,000	29,008,000	12,606,000	11,986,000	10,392,000	9,999,000	10,688,000	10,623,000	49,248,000
Total current liabilities	US$ in thousands	3,098,000	3,688,000	3,739,000	3,406,000	3,733,000	6,014,000	5,494,000	5,122,000	4,931,000	4,221,000	3,940,000	5,667,000	12,226,000	6,984,000	8,010,000	8,545,000	8,346,000	6,616,000	6,457,000	28,580,000
Working capital turnover		2.74	2.90	1.70	1.66	1.75	1.71	1.79	1.73	1.79	4.15	2.84	2.79	1.22	3.62	5.20	11.54	13.01	5.35	5.29	1.08

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $12,081,000K ÷ ($7,514,000K – $3,098,000K)
= 2.74

The working capital turnover ratio for DuPont de Nemours Inc has shown some fluctuations over the past eight quarters. The ratio, which measures how efficiently the company is utilizing its working capital to generate sales, ranged from a low of 1.64 in Q1 2023 to a high of 2.89 in Q3 2023.

In general, a higher working capital turnover ratio indicates better efficiency in utilizing working capital to generate revenue. DuPont's working capital turnover ratio peaked in Q3 2023, suggesting improved efficiency in managing its working capital during that period.

However, the ratio declined in Q4 2023 compared to the previous quarter, which may indicate a potential decrease in efficiency in utilizing working capital to support sales during that period. Overall, DuPont de Nemours Inc has demonstrated varying levels of efficiency in managing its working capital to support its operations and generate revenue over the analyzed period.