GXO Logistics Inc (GXO)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,709,000 | 9,778,000 | 8,993,000 | 7,940,000 | 6,195,000 |
| Total current assets | US$ in thousands | 2,641,000 | 2,568,000 | 2,428,000 | 2,099,000 | 1,836,000 |
| Total current liabilities | US$ in thousands | 3,189,000 | 2,626,000 | 2,532,000 | 2,329,000 | 1,738,000 |
| Working capital turnover | — | — | — | — | 63.21 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $11,709,000K ÷ ($2,641,000K – $3,189,000K)
= —
The working capital turnover ratio for GXO Logistics Inc as of December 31, 2020, is 63.21. This indicates that the company generated $63.21 in revenue for every dollar of working capital invested during that period, reflecting a high efficiency in utilizing its working capital to drive sales. However, the absence of data for the subsequent years (2021, 2022, 2023, and 2024) prevents us from analyzing any trends or changes in the efficiency of working capital management over time. It is essential for the company to provide updated information to assess its ongoing performance in effectively utilizing its working capital to generate revenue.
Peer comparison
Dec 31, 2024