General Dynamics Corporation (GD)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 47,716,000 | 42,272,000 | 39,407,000 | 38,469,000 | 37,925,000 |
| Total current assets | US$ in thousands | 24,386,000 | 23,615,000 | 21,063,000 | 19,987,000 | 21,543,000 |
| Total current liabilities | US$ in thousands | 17,824,000 | 16,432,000 | 15,341,000 | 13,978,000 | 15,964,000 |
| Working capital turnover | 7.27 | 5.89 | 6.89 | 6.40 | 6.80 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $47,716,000K ÷ ($24,386,000K – $17,824,000K)
= 7.27
The working capital turnover ratio for General Dynamics Corporation has been relatively stable over the years, ranging between 5.89 and 7.27. This ratio measures the efficiency of the company in utilizing its working capital to generate sales revenue.
A higher working capital turnover ratio indicates that the company is efficient in managing its working capital and converting it into sales. In the case of General Dynamics Corporation, the ratio has been fluctuating within a narrow range, suggesting that the company has been effectively using its working capital to support its operations.
Overall, the working capital turnover ratio for General Dynamics Corporation reflects a consistent level of efficiency in managing its working capital resources over the years, which is a positive indicator of the company's operational effectiveness.
Peer comparison
Dec 31, 2024