Elanco Animal Health (ELAN)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,439,000 | 4,417,000 | 4,411,000 | 4,764,000 | 3,273,300 |
| Total current assets | US$ in thousands | 3,215,000 | 3,407,000 | 3,279,000 | 3,276,000 | 3,416,500 |
| Total current liabilities | US$ in thousands | 1,315,000 | 1,241,000 | 1,702,000 | 1,643,000 | 2,076,300 |
| Working capital turnover | 2.34 | 2.04 | 2.80 | 2.92 | 2.44 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $4,439,000K ÷ ($3,215,000K – $1,315,000K)
= 2.34