ESAB Corp (ESAB)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|
| Revenue | US$ in thousands | 2,774,770 | 2,593,480 |
| Total current assets | US$ in thousands | 997,720 | 988,670 |
| Total current liabilities | US$ in thousands | 620,082 | 601,575 |
| Working capital turnover | 7.35 | 6.70 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,774,770K ÷ ($997,720K – $620,082K)
= 7.35
Peer comparison
Dec 31, 2023