GXO Logistics Inc (GXO)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 11,709,000 | 11,049,000 | 10,363,000 | 9,911,000 | 9,778,000 | 9,655,000 | 9,471,000 | 9,233,000 | 8,993,000 | 8,788,000 | 8,475,000 | 8,201,000 | 7,940,000 | 7,444,000 | 7,054,000 | 6,577,000 | 6,195,000 |
| Total current assets | US$ in thousands | 2,641,000 | 2,959,000 | 2,797,000 | 2,463,000 | 2,568,000 | 2,466,000 | 2,306,000 | 2,311,000 | 2,428,000 | 2,242,000 | 2,256,000 | 2,030,000 | 2,099,000 | 1,958,000 | 1,963,000 | 2,034,000 | 1,836,000 |
| Total current liabilities | US$ in thousands | 3,189,000 | 3,432,000 | 3,269,000 | 2,625,000 | 2,626,000 | 2,434,000 | 2,403,000 | 2,421,000 | 2,532,000 | 2,275,000 | 2,364,000 | 2,122,000 | 2,329,000 | 2,245,000 | 2,009,000 | 1,894,000 | 1,738,000 |
| Working capital turnover | — | — | — | — | — | 301.72 | — | — | — | — | — | — | — | — | — | 46.98 | 63.21 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $11,709,000K ÷ ($2,641,000K – $3,189,000K)
= —
The working capital turnover ratio for GXO Logistics Inc shows notable fluctuations over the provided time periods. In December 2020, the ratio was exceptionally high at 63.21, indicating that the company efficiently utilized its working capital to generate revenue.
However, as of March 2021, the working capital turnover dropped to 46.98, reflecting a decrease in the efficiency of working capital management. The subsequent data points show no values recorded until September 2023, where there is a significant spike in the ratio to 301.72. This sudden increase suggests a substantial improvement in working capital efficiency, potentially due to more effective management practices.
The absence of data points between March 2021 and September 2023 makes it challenging to analyze the trend fully. Further data points are needed to understand if the spike in September 2023 was an anomaly or part of a sustained improvement in working capital turnover.
In conclusion, while the working capital turnover ratio for GXO Logistics Inc has shown fluctuations, there are indications of both strengths and areas that may require attention in the company's working capital management practices.
Peer comparison
Dec 31, 2024