Ecolab Inc (ECL)

Working capital turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	15,741,400	15,320,200	14,187,800	12,733,100	11,790,200
Total current assets	US$ in thousands	6,025,700	5,644,100	5,494,200	4,687,100	5,117,400
Total current liabilities	US$ in thousands	4,792,800	4,345,800	4,210,400	3,553,200	2,932,200
Working capital turnover		12.77	11.80	11.05	11.23	5.40

December 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $15,741,400K ÷ ($6,025,700K – $4,792,800K)
= 12.77

The working capital turnover for Ecolab Inc has shown a strong upward trend over the past five years, increasing from 5.40 in December 31, 2020, to 12.77 in December 31, 2024. This indicates that the company has been able to efficiently utilize its working capital to generate revenue. The significant improvement in working capital turnover reflects Ecolab's effectiveness in managing its current assets and liabilities to support its operations and sales growth. Overall, the rising trend in working capital turnover suggests that Ecolab has been effectively leveraging its working capital resources to drive operational efficiency and maximize its revenue generation capabilities.