Fortrea Holdings Inc. (FTRE)
Working capital turnover
| Dec 31, 2023 | ||
|---|---|---|
| Revenue | US$ in thousands | 3,041,800 |
| Total current assets | US$ in thousands | 1,253,100 |
| Total current liabilities | US$ in thousands | 775,900 |
| Working capital turnover | 6.37 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,041,800K ÷ ($1,253,100K – $775,900K)
= 6.37
Peer comparison
Dec 31, 2023
Company name
Symbol
Working capital turnover
Fortrea Holdings Inc.
FTRE
6.37
Fulgent Genetics Inc
FLGT
0.67
Laboratory Corporation of America Holdings
LH
22.51
Quest Diagnostics Incorporated
DGX
16.34
RadNet Inc
RDNT
11.40