Godaddy Inc (GDDY)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,111,400 | 3,961,000 | 3,694,000 | 3,228,400 | 2,884,200 |
| Total current assets | US$ in thousands | 1,255,900 | 1,582,600 | 1,889,800 | 1,291,300 | 1,575,300 |
| Total current liabilities | US$ in thousands | 2,683,100 | 2,459,800 | 2,436,700 | 2,314,200 | 2,001,100 |
| Working capital turnover | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $4,111,400K ÷ ($1,255,900K – $2,683,100K)
= —
The working capital turnover ratio for Godaddy Inc seems to be missing from the provided data for the years 2019 to 2023. The working capital turnover ratio is a liquidity ratio that measures a company's ability to generate revenues relative to its working capital. It is calculated by dividing net sales by average working capital.
Without the specific values for net sales and working capital for each year, it is not possible to calculate or analyze the working capital turnover ratio for Godaddy Inc. However, a higher working capital turnover ratio typically indicates that the company is efficiently utilizing its working capital to generate sales. Conversely, a lower ratio may suggest inefficiency in managing working capital or potential liquidity issues.
It is advisable to obtain the necessary financial data for the relevant years in order to accurately calculate and interpret the working capital turnover ratio for Godaddy Inc and assess its liquidity management efficiency over the specified period.
Peer comparison
Dec 31, 2023