Intel Corporation (INTC)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 53,565,000 | 53,879,000 | 61,811,000 | 78,168,000 | 76,984,000 |
| Total current assets | US$ in thousands | 47,324,000 | 43,269,000 | 50,407,000 | 58,558,000 | 47,249,000 |
| Total current liabilities | US$ in thousands | 35,666,000 | 28,053,000 | 32,155,000 | 27,462,000 | 24,754,000 |
| Working capital turnover | 4.59 | 3.54 | 3.39 | 2.51 | 3.42 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $53,565,000K ÷ ($47,324,000K – $35,666,000K)
= 4.59
The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales. Intel Corporation's working capital turnover has shown fluctuations over the years.
As of December 31, 2020, the working capital turnover was 3.42, indicating that for every $1 of working capital invested, Intel generated $3.42 in sales. This ratio decreased to 2.51 by December 31, 2021, suggesting a lower efficiency in utilizing working capital to drive sales.
However, there was a notable improvement by December 31, 2024, with the ratio increasing to 4.59. This surge indicates a significant enhancement in Intel's ability to convert working capital into sales within that year.
Overall, Intel Corporation's working capital turnover ratio has experienced fluctuations, reflecting changes in the efficiency of working capital utilization in generating sales. Continued monitoring and analysis of this ratio can provide insights into the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024