Equifax Inc (EFX)
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 | 5,681,100 | 5,588,200 | 5,465,500 | 5,352,600 | 5,265,200 | 5,136,600 | 5,061,800 | 5,060,900 | 5,122,100 | 5,177,400 | 5,156,000 | 5,074,100 | 4,923,900 | 4,789,200 | 4,634,600 | 4,382,600 | 4,127,500 | 3,914,800 | 3,722,200 | 3,619,400 |
| Total current assets | US$ in thousands | 1,360,600 | 1,653,100 | 1,417,600 | 1,449,500 | 1,365,300 | 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 |
| Total current liabilities | US$ in thousands | 1,811,500 | 1,874,400 | 1,786,900 | 1,973,800 | 2,028,000 | 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 |
| Working capital turnover | — | — | — | — | — | 329.27 | 22.68 | — | — | — | — | — | — | 4.77 | — | — | — | — | 8.30 | 696.04 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $5,681,100K ÷ ($1,360,600K – $1,811,500K)
= —
Working capital turnover is a financial ratio that measures how efficiently a company is using its working capital to generate sales revenue. It is calculated by dividing net sales by average working capital.
Analyzing Equifax Inc's working capital turnover based on the data provided reveals fluctuations in the ratio over the periods indicated.
1. March 31, 2020: The working capital turnover was exceptionally high at 696.04, indicating that Equifax Inc was able to efficiently utilize its working capital to generate sales during this period.
2. June 30, 2020: The ratio dropped significantly to 8.30, suggesting a decline in the efficiency of working capital utilization compared to the previous quarter.
3. September 30, 2021: The ratio improved to 4.77, indicating a better utilization of working capital compared to the previous quarter but still below the levels seen in March 2020.
4. June 30, 2023: A notable increase in the working capital turnover to 22.68, suggesting improved efficiency in utilizing working capital compared to the previous quarters.
5. September 30, 2023: A further significant increase to 329.27, indicating a substantial improvement in the efficiency of working capital utilization to generate sales revenue.
Overall, the analysis of Equifax Inc's working capital turnover ratio shows fluctuations over time, reflecting varying levels of efficiency in utilizing working capital to generate sales revenue.