Ingredion Incorporated (INGR)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,430,000 | 8,160,000 | 7,946,000 | 6,894,000 | 5,987,000 |
| Total current assets | US$ in thousands | 3,355,000 | 3,399,000 | 3,309,000 | 2,697,000 | 2,647,000 |
| Total current liabilities | US$ in thousands | 1,281,000 | 1,772,000 | 1,882,000 | 1,512,000 | 1,078,000 |
| Working capital turnover | 3.58 | 5.02 | 5.57 | 5.82 | 3.82 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $7,430,000K ÷ ($3,355,000K – $1,281,000K)
= 3.58
The working capital turnover of Ingredion Incorporated has shown a positive trend over the past five years. From 2020 to 2024, the working capital turnover has increased consistently from 3.82 to 5.82, peaking in 2021, and then gradually stabilizing around the range of 5.02 to 5.57. This indicates that the company has been able to efficiently utilize its working capital to generate revenue. A higher working capital turnover ratio suggests that the company is effectively managing its working capital to support its operations and sales. Overall, the increasing trend in working capital turnover indicates improvements in the company's operational efficiency and financial management.
Peer comparison
Dec 31, 2024