Fluor Corporation (FLR)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,474,000 | 13,744,000 | 14,156,000 | 15,788,000 | 15,454,000 |
| Total current assets | US$ in thousands | 5,063,000 | 5,044,000 | 5,181,000 | 5,034,010 | 5,366,760 |
| Total current liabilities | US$ in thousands | 3,163,000 | 3,216,000 | 3,614,000 | 3,572,040 | 3,905,120 |
| Working capital turnover | 8.14 | 7.52 | 9.03 | 10.80 | 10.57 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $15,474,000K ÷ ($5,063,000K – $3,163,000K)
= 8.14
The working capital turnover of Fluor Corporation has shown a fluctuating trend over the past five years. The company's ability to efficiently utilize its working capital has varied, with a high of 10.72 in 2020 and a low of 7.50 in 2021. In 2023, the working capital turnover improved to 8.14, indicating that the company generated $8.14 in revenue for every dollar of working capital invested.
Overall, Fluor Corporation has demonstrated a relatively strong working capital turnover ratio, reflecting effective management of its current assets and liabilities to support its operations and revenue generation. However, it is important to monitor this ratio over time to ensure sustained efficiency in working capital utilization.
Peer comparison
Dec 31, 2023