Dupont De Nemours Inc (DD)

Working capital turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	12,386,000	12,192,000	12,317,000	12,240,000	12,327,000	12,533,000	12,533,000	12,761,000	13,017,000	13,159,000	14,113,000	14,926,000	15,628,000	17,634,000	18,459,000	19,152,000	20,397,000	20,349,000	20,679,000	21,319,000
Total current assets	US$ in thousands	6,364,000	6,439,000	6,163,000	7,067,000	7,514,000	7,935,000	11,127,000	11,200,000	11,315,000	14,350,000	14,006,000	14,443,000	8,065,000	8,497,000	10,492,000	12,540,000	10,877,000	12,606,000	11,986,000	10,392,000
Total current liabilities	US$ in thousands	4,801,000	2,825,000	2,786,000	3,032,000	3,098,000	3,688,000	3,739,000	3,406,000	3,848,000	6,014,000	5,494,000	5,122,000	4,262,000	4,221,000	3,940,000	5,667,000	4,699,000	6,984,000	8,010,000	8,545,000
Working capital turnover		7.92	3.37	3.65	3.03	2.79	2.95	1.70	1.64	1.74	1.58	1.66	1.60	4.11	4.12	2.82	2.79	3.30	3.62	5.20	11.54

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $12,386,000K ÷ ($6,364,000K – $4,801,000K)
= 7.92

Dupont De Nemours Inc's working capital turnover has shown fluctuations over the given time period, with the ratio ranging from highs of 11.54 in March 31, 2020, and 7.92 in December 31, 2024, to lows of 1.60 in March 31, 2022. A higher working capital turnover ratio indicates that the company is able to efficiently utilize its working capital to generate sales.

The trend observed indicates that there was a significant decline in the working capital turnover ratio from March 31, 2020, to March 31, 2022. This decline could signify potential inefficiencies in managing the company's working capital during this period. However, the ratio started to improve from June 30, 2022, reaching 3.65 by June 30, 2024, indicating better utilization of working capital to drive sales.

It appears that Dupont De Nemours Inc has made efforts to enhance its working capital efficiency, as reflected in the increasing trend of the working capital turnover ratio from June 30, 2022, onwards. This improvement suggests that the company may have implemented strategies to better manage its current assets and liabilities to support its revenue generation activities.

Overall, a careful analysis of the working capital turnover ratio trends can provide insights into Dupont De Nemours Inc's operational efficiency and effectiveness in managing its working capital resources over time.