Ford Motor Company (F)

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	176,452,000	173,326,000	169,237,000	164,758,000	158,057,000	151,736,000	148,027,000	134,589,000	136,341,000	134,615,000	136,433,000	129,052,000	127,144,000	130,907,000	130,396,000	149,878,000	155,900,000	157,978,000	158,654,000	158,721,000
Total current assets	US$ in thousands	121,481,000	121,361,000	121,712,000	115,123,000	116,476,000	108,088,000	100,469,000	106,142,000	108,996,000	106,968,000	101,275,000	113,932,000	116,744,000	111,765,000	124,111,000	124,276,000	114,047,000	115,754,000	118,351,000	121,195,000
Total current liabilities	US$ in thousands	101,531,000	100,268,000	101,015,000	95,905,000	96,866,000	90,167,000	86,452,000	90,352,000	90,727,000	89,033,000	83,474,000	94,249,000	97,192,000	93,159,000	92,780,000	94,494,000	98,132,000	99,087,000	98,334,000	99,237,000
Working capital turnover		8.84	8.22	8.18	8.57	8.06	8.47	10.56	8.52	7.46	7.51	7.66	6.56	6.50	7.04	4.16	5.03	9.80	9.48	7.93	7.23

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $176,452,000K ÷ ($121,481,000K – $101,531,000K)
= 8.84

Since the working capital turnover ratio is not available for Q4 2023, Q3 2023, Q2 2023, and Q1 2023, we cannot analyze the trend for these periods. However, in Q3 2022, the working capital turnover ratio was 381.25. The lack of data for the other periods makes it challenging to provide a comprehensive analysis of Ford Motor Co.'s working capital turnover ratio over time. Further data points would be needed to assess any potential trends or fluctuations in the company's efficiency in utilizing its working capital.