International Business Machines (IBM)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 61,860,000 | 60,530,000 | 57,350,000 | 55,179,000 | 57,714,000 |
| Total current assets | US$ in thousands | 32,908,000 | 29,118,000 | 29,539,000 | 39,165,000 | 38,420,000 |
| Total current liabilities | US$ in thousands | 34,122,000 | 31,505,000 | 33,619,000 | 39,869,000 | 37,701,000 |
| Working capital turnover | — | — | — | — | 80.27 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $61,860,000K ÷ ($32,908,000K – $34,122,000K)
= —
The working capital turnover ratio for International Business Machines Corp. (IBM) is not available for the years 2020, 2021, 2022, and 2023 from the provided data. However, in 2019, the working capital turnover ratio was reported to be 107.30.
The working capital turnover ratio measures how efficiently a company is using its working capital to generate sales revenue. A higher ratio indicates that the company is efficiently using its current assets to drive sales.
Since the data is missing for the years after 2019, it is difficult to provide a precise analysis of IBM's recent performance in terms of working capital turnover. In order to assess the trend and performance over the years, it would be necessary to have the data for the missing years.
However, based on the available information, it can be inferred that in 2019, IBM had a very high working capital turnover ratio, which suggests that the company efficiently generated sales revenue using its working capital. This indicates strong operational efficiency and effective management of current assets in that particular year.
Peer comparison
Dec 31, 2023