Ford Motor Company (F)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 184,992,000 | 176,191,000 | 158,057,000 | 136,341,000 | 127,144,000 |
| Total current assets | US$ in thousands | 124,474,000 | 121,481,000 | 116,476,000 | 108,996,000 | 116,744,000 |
| Total current liabilities | US$ in thousands | 106,859,000 | 101,531,000 | 96,866,000 | 90,727,000 | 97,192,000 |
| Working capital turnover | 10.50 | 8.83 | 8.06 | 7.46 | 6.50 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $184,992,000K ÷ ($124,474,000K – $106,859,000K)
= 10.50
The working capital turnover ratio for Ford Motor Company has shown a consistent upward trend over the past five years. The ratio increased from 6.50 in December 31, 2020, to 10.50 in December 31, 2024, indicating that the company has been able to efficiently utilize its working capital in generating sales revenue.
This improving trend suggests that Ford has been more effective in managing its working capital and converting it into sales. The higher turnover ratio implies that the company is efficiently using its current assets to support its operations and drive revenue growth.
Overall, the increasing working capital turnover ratio for Ford Motor Company reflects positively on the company's operational efficiency and ability to effectively manage its working capital to drive business performance and growth.
Peer comparison
Dec 31, 2024