Honeywell International Inc (HON)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 38,498,000 | 36,662,000 | 35,466,000 | 34,392,000 | 32,637,000 |
| Total current assets | US$ in thousands | 371,000 | 23,502,000 | 24,982,000 | 25,372,000 | 28,175,000 |
| Total current liabilities | US$ in thousands | 152,000 | 18,539,000 | 19,938,000 | 19,508,000 | 19,197,000 |
| Working capital turnover | 175.79 | 7.39 | 7.03 | 5.86 | 3.64 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $38,498,000K ÷ ($371,000K – $152,000K)
= 175.79
Honeywell International Inc's working capital turnover has shown a consistent upward trend from 3.64 in 2020 to 175.79 in 2024. This indicates that the company is efficiently managing its working capital to generate sales revenue. The significant increase in the ratio over the years reflects a more effective utilization of its current assets to support operations and sales growth. A high working capital turnover ratio signifies that Honeywell is efficiently using its resources to generate sales and that its working capital is being effectively managed. Overall, the increasing trend in the working capital turnover ratio demonstrates Honeywell's ability to optimize its working capital and generate revenue efficiently.
Peer comparison
Dec 31, 2024