GXO Logistics Inc (GXO)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 9,725,000 | 8,964,000 | 7,919,000 |
| Total current assets | US$ in thousands | 2,568,000 | 2,428,000 | 2,099,000 |
| Total current liabilities | US$ in thousands | 2,626,000 | 2,532,000 | 2,329,000 |
| Working capital turnover | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $9,725,000K ÷ ($2,568,000K – $2,626,000K)
= —
To calculate the Working Capital Turnover for GXO Logistics Inc, the formula is:
Working Capital Turnover = Net Sales / Average Working Capital
Unfortunately, the specific figures required for this calculation are not provided in the table. To compute the Working Capital Turnover, we would need the net sales figure for each year and the working capital figures for each year as well.
Working Capital Turnover is a measure of how efficiently a company is utilizing its working capital to generate sales. A higher turnover ratio usually indicates that the company is effectively managing its working capital to generate revenue. Conversely, a lower ratio may suggest inefficiencies in working capital management.
Due to the lack of specific data in the table, a detailed analysis of GXO Logistics Inc's Working Capital Turnover cannot be provided at this time. It would be recommended to obtain the required financial figures to assess the company's working capital efficiency accurately.
Peer comparison
Dec 31, 2023