Fluor Corporation (FLR)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 16,315,000 | 15,875,000 | 15,744,000 | 15,456,000 | 15,474,000 | 15,364,000 | 15,013,000 | 14,373,000 | 13,743,000 | 13,189,860 | 12,680,940 | 12,618,350 | 12,434,880 | 12,933,740 | 13,949,220 | 14,438,630 | 15,618,660 | 15,688,760 | 15,507,910 | 15,876,470 |
| Total current assets | US$ in thousands | 5,175,000 | 5,265,000 | 5,017,000 | 4,911,000 | 5,063,000 | 5,060,000 | 4,878,000 | 4,837,000 | 5,044,000 | 4,991,000 | 4,642,000 | 4,557,000 | 5,562,640 | 5,281,380 | 5,926,160 | 5,169,540 | 5,034,010 | 5,129,490 | 5,516,270 | 5,129,490 |
| Total current liabilities | US$ in thousands | 3,071,000 | 2,982,000 | 2,837,000 | 2,947,000 | 3,163,000 | 3,140,000 | 3,190,000 | 3,166,000 | 3,216,000 | 3,211,000 | 3,126,000 | 3,195,000 | 3,904,060 | 3,624,900 | 3,735,030 | 3,441,340 | 3,572,040 | 3,710,550 | 3,932,060 | 3,710,550 |
| Working capital turnover | 7.75 | 6.95 | 7.22 | 7.87 | 8.14 | 8.00 | 8.89 | 8.60 | 7.52 | 7.41 | 8.36 | 9.26 | 7.50 | 7.81 | 6.37 | 8.35 | 10.68 | 11.06 | 9.79 | 11.19 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $16,315,000K ÷ ($5,175,000K – $3,071,000K)
= 7.75
Fluor Corporation's working capital turnover has been fluctuating over the period analyzed. The metric peaked at 11.19 on March 31, 2020, indicating that the company was generating $11.19 in revenue for every $1 of working capital invested. However, this ratio gradually decreased and reached its lowest point at 6.37 on June 30, 2021.
After reaching the low point, there was a slight recovery in the working capital turnover ratio, with the metric increasing to 9.26 on March 31, 2022. Nevertheless, the ratio has since declined and fluctuated around the 8 to 7 range.
Overall, the working capital turnover ratio for Fluor Corporation reflects the efficiency of the company in utilizing its working capital to generate revenue. The fluctuations in this ratio may suggest changes in the company's working capital management practices and operational efficiency over the years. It is important for the company to closely monitor this ratio and strive to optimize its working capital utilization to enhance its overall financial performance.
Peer comparison
Dec 31, 2024