General Dynamics Corporation (GD)
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 | 47,716,000 | 46,063,000 | 44,960,000 | 43,131,000 | 42,272,000 | 41,469,000 | 40,872,000 | 39,903,000 | 39,407,000 | 38,900,000 | 38,480,000 | 38,497,000 | 38,469,000 | 38,684,000 | 38,528,000 | 38,549,000 | 37,925,000 | 38,199,000 | 38,536,000 | 38,844,000 |
| Total current assets | US$ in thousands | 24,386,000 | 25,743,000 | 24,312,000 | 24,196,000 | 23,615,000 | 22,779,000 | 21,825,000 | 21,588,000 | 21,063,000 | 21,005,000 | 20,579,000 | 20,794,000 | 19,987,000 | 21,686,000 | 21,580,000 | 20,408,000 | 21,543,000 | 20,865,000 | 21,135,000 | 24,741,000 |
| Total current liabilities | US$ in thousands | 17,824,000 | 19,557,000 | 18,257,000 | 16,790,000 | 16,432,000 | 15,962,000 | 15,686,000 | 15,484,000 | 15,341,000 | 15,659,000 | 14,736,000 | 14,036,000 | 13,978,000 | 14,604,000 | 14,981,000 | 15,153,000 | 15,964,000 | 16,120,000 | 16,606,000 | 18,440,000 |
| Working capital turnover | 7.27 | 7.45 | 7.43 | 5.82 | 5.89 | 6.08 | 6.66 | 6.54 | 6.89 | 7.28 | 6.59 | 5.70 | 6.40 | 5.46 | 5.84 | 7.34 | 6.80 | 8.05 | 8.51 | 6.16 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $47,716,000K ÷ ($24,386,000K – $17,824,000K)
= 7.27
The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales revenue. A higher ratio indicates that the company is effectively managing its working capital to support its operations and generate sales.
Analyzing the trend of General Dynamics Corporation's working capital turnover ratio from March 31, 2020, to December 31, 2024, we can observe fluctuations in the ratio over the periods. The ratio ranged from a low of 5.46 on September 30, 2021, to a high of 8.51 on June 30, 2020, indicating some variability in the efficiency of working capital utilization during this time frame.
Overall, the working capital turnover ratio of General Dynamics Corporation has shown variability over the periods, with occasional increases and decreases. It is important for the company to consistently monitor and improve its working capital management to ensure efficient utilization of resources and maximize profitability.
Peer comparison
Dec 31, 2024
See also:
General Dynamics Corporation Working Capital Turnover (Quarterly Data)