International Flavors & Fragrances Inc (IFF)
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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 11,484,000 | 11,416,000 | 11,311,000 | 11,351,000 | 11,479,000 | 11,620,000 | 11,863,000 | 12,241,000 | 12,440,000 | 12,627,000 | 12,635,000 | 12,417,000 | 11,656,000 | 9,895,070 | 8,092,150 | 6,201,920 | 5,084,240 | 5,097,940 | 5,097,200 | 5,190,000 |
| Total current assets | US$ in thousands | 7,993,000 | 8,423,000 | 8,149,000 | 6,407,000 | 6,293,000 | 6,391,000 | 6,436,000 | 7,442,000 | 7,432,000 | 6,494,000 | 7,730,000 | 7,507,000 | 6,987,000 | 7,132,000 | 6,297,000 | 6,174,000 | 3,059,800 | 2,946,200 | 3,012,580 | 2,818,290 |
| Total current liabilities | US$ in thousands | 4,333,000 | 3,218,000 | 3,425,000 | 3,820,000 | 3,758,000 | 3,683,000 | 3,932,000 | 4,874,000 | 3,738,000 | 3,626,000 | 4,720,000 | 4,032,000 | 3,633,000 | 3,579,000 | 3,227,000 | 3,261,000 | 1,903,730 | 1,616,260 | 1,344,170 | 1,427,000 |
| Working capital turnover | 3.14 | 2.19 | 2.39 | 4.39 | 4.53 | 4.29 | 4.74 | 4.77 | 3.37 | 4.40 | 4.20 | 3.57 | 3.48 | 2.78 | 2.64 | 2.13 | 4.40 | 3.83 | 3.06 | 3.73 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $11,484,000K ÷ ($7,993,000K – $4,333,000K)
= 3.14
The working capital turnover ratio for International Flavors & Fragrances Inc has fluctuated over the periods indicated in the data. The ratio reflects how efficiently the company is utilizing its working capital to generate sales revenue.
The trend shows an increase in the working capital turnover ratio from March 31, 2020, to December 31, 2022, indicating that the company was able to generate more revenue for each dollar of working capital employed during this period.
However, from March 31, 2023, to June 30, 2024, there was a decline in the ratio, which suggests a potential inefficiency in utilizing working capital to generate sales. This could be due to various factors such as changes in the company's operating cycle, management of inventory levels, or accounts receivable and payable practices.
Overall, while the working capital turnover ratio has shown fluctuations, it is important for International Flavors & Fragrances Inc to carefully monitor this ratio to ensure optimal utilization of working capital and maximize operational efficiency.
Peer comparison
Dec 31, 2024