Equifax Inc (EFX)
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 | 5,020,200 | 4,899,200 | 4,840,100 | 4,858,300 | 4,937,400 | 5,007,900 | 4,998,600 | 4,923,400 | 4,775,900 | 4,682,300 | 4,525,300 | 4,271,600 | 4,022,800 | 3,810,100 | 3,626,900 | 3,533,100 | 3,425,300 | 3,354,800 | 3,314,600 | 3,312,700 |
| Total current assets | US$ in thousands | 1,356,300 | 1,597,400 | 1,315,400 | 1,383,600 | 1,370,500 | 1,294,900 | 1,353,300 | 1,264,200 | 1,120,900 | 2,890,300 | 1,329,500 | 1,665,000 | 2,478,300 | 2,311,600 | 2,104,900 | 1,149,000 | 1,209,400 | 853,000 | 813,800 | 864,700 |
| Total current liabilities | US$ in thousands | 2,019,000 | 1,581,800 | 1,092,200 | 1,792,100 | 2,015,200 | 2,018,700 | 2,633,200 | 2,343,400 | 2,291,300 | 1,886,900 | 1,875,200 | 2,341,700 | 2,483,100 | 2,391,000 | 1,656,400 | 1,143,800 | 1,359,100 | 1,491,800 | 1,497,900 | 1,523,000 |
| Working capital turnover | — | 314.05 | 21.69 | — | — | — | — | — | — | 4.67 | — | — | — | — | 8.09 | 679.44 | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $5,020,200K ÷ ($1,356,300K – $2,019,000K)
= —
The working capital turnover ratio is a measure of how efficiently a company is able to generate revenue from its working capital. It indicates the number of times a company is able to convert its working capital into revenue over a specific period.
Based on the data provided, the working capital turnover ratio for Equifax, Inc. was 329.28 in Q3 2023, indicating a significant increase in efficiency compared to Q2 2023, where the ratio was 22.68. The notable improvement suggests that the company was able to generate a much higher level of revenue relative to its working capital in Q3 2023.
However, it is worth noting that the working capital turnover ratio was not reported for Q4 2023 and Q1 2023, which makes it difficult to assess the overall trend accurately. Additional data points would be needed to provide a more comprehensive analysis of Equifax's working capital turnover over time.