International Business Machines (IBM)
Working capital turnover
| Dec 31, 2024 | Sep 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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 64,365,000 | 61,563,000 | 62,070,000 | 61,860,000 | 61,169,000 | 60,524,000 | 60,584,000 | 60,529,000 | 60,533,000 | 59,677,000 | 58,360,000 | 57,350,000 | 42,582,000 | 46,891,000 | 50,796,000 | 55,180,000 | 55,598,000 | 56,066,000 | 57,104,000 | 57,715,000 |
| Total current assets | US$ in thousands | 34,482,000 | 30,543,000 | 36,663,000 | 32,908,000 | 27,705,000 | 34,458,000 | 35,982,000 | 29,118,000 | 28,999,000 | 27,896,000 | 31,330,000 | 29,539,000 | 29,967,000 | 30,774,000 | 34,038,000 | 39,165,000 | 39,845,000 | 39,953,000 | 38,931,000 | 38,420,000 |
| Total current liabilities | US$ in thousands | 33,142,000 | 28,853,000 | 32,397,000 | 34,122,000 | 30,606,000 | 32,513,000 | 30,993,000 | 31,505,000 | 30,466,000 | 31,844,000 | 34,056,000 | 33,619,000 | 35,832,000 | 36,616,000 | 36,542,000 | 39,869,000 | 37,993,000 | 38,442,000 | 40,673,000 | 37,701,000 |
| Working capital turnover | 48.03 | 36.43 | 14.55 | — | — | 31.12 | 12.14 | — | — | — | — | — | — | — | — | — | 30.02 | 37.11 | — | 80.27 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $64,365,000K ÷ ($34,482,000K – $33,142,000K)
= 48.03
The working capital turnover ratio of International Business Machines (IBM) indicates how efficiently the company is utilizing its working capital to generate sales revenue. A higher working capital turnover ratio implies that IBM is effectively managing its working capital to support its operating activities.
Based on the provided data, here are the working capital turnover ratios for IBM:
- December 31, 2019: 80.27
- March 31, 2020: Not available
- June 30, 2020: 37.11
- September 30, 2020: 30.02
- December 31, 2020: Not available
- March 31, 2021: Not available
- June 30, 2021: Not available
- September 30, 2021: Not available
- December 31, 2021: Not available
- March 31, 2022: Not available
- June 30, 2022: Not available
- September 30, 2022: Not available
- December 31, 2022: Not available
- March 31, 2023: 12.14
- June 30, 2023: 31.12
- September 30, 2023: Not available
- December 31, 2023: Not available
- March 31, 2024: 14.55
- September 30, 2024: 36.43
- December 31, 2024: 48.03
The available working capital turnover ratios exhibit fluctuation over the periods provided. The high working capital turnover ratios, such as 80.27 on December 31, 2019, indicate that IBM efficiently converted its working capital into sales during that period. On the other hand, the lower ratios like 30.02 on September 30, 2020, suggest a decrease in efficiency in working capital utilization during that specific quarter.
It is important to note that the working capital turnover ratios for some periods are not available, making it challenging to provide a complete trend analysis. However, monitoring this ratio can help assess IBM's management of working capital and its impact on revenue generation.
Peer comparison
Dec 31, 2024
See also:
International Business Machines Working Capital Turnover (Quarterly Data)