Intel Corporation (INTC)
Working capital turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 54,609,000 | 49,921,000 | 51,712,000 | 53,325,000 | 60,233,000 | 69,226,000 | 72,142,000 | 77,425,000 | 78,200,000 | 77,539,000 | 76,698,000 | 76,709,000 | 76,997,000 | 77,332,000 | 78,200,000 | 75,050,000 | 71,097,000 | 69,594,000 | 69,394,000 | 69,770,000 |
| Total current assets | US$ in thousands | 43,269,000 | 43,811,000 | 43,356,000 | 48,314,000 | 50,407,000 | 49,263,000 | 50,588,000 | 62,568,000 | 58,558,000 | 61,304,000 | 49,372,000 | 45,773,000 | 47,249,000 | 36,785,000 | 44,390,000 | 41,501,000 | 31,239,000 | 29,957,000 | 29,239,000 | 29,060,000 |
| Total current liabilities | US$ in thousands | 28,053,000 | 28,614,000 | 27,180,000 | 27,393,000 | 32,155,000 | 27,813,000 | 27,218,000 | 29,322,000 | 27,462,000 | 29,572,000 | 24,836,000 | 24,151,000 | 24,754,000 | 22,112,000 | 22,481,000 | 23,895,000 | 22,310,000 | 25,064,000 | 19,705,000 | 18,911,000 |
| Working capital turnover | 3.59 | 3.28 | 3.20 | 2.55 | 3.30 | 3.23 | 3.09 | 2.33 | 2.51 | 2.44 | 3.13 | 3.55 | 3.42 | 5.27 | 3.57 | 4.26 | 7.96 | 14.22 | 7.28 | 6.87 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $54,609,000K ÷ ($43,269,000K – $28,053,000K)
= 3.59
Intel Corporation's working capital turnover has fluctuated over the past few years. 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 effectively managing its working capital.
Looking at the trend, we can see that there are fluctuations in the working capital turnover ratio. In general, the ratio has shown an upward trend from 2019 to 2020, reaching a peak in December 2020. However, the ratio then decreased in the first quarter of 2021 before showing an increase in the second and third quarters of 2021.
In 2022, the working capital turnover ratio continued to fluctuate, with a peak in the fourth quarter of 2022. The ratio declined in the first quarter of 2023 but rebounded in the following quarters. The latest data as of December 2023 shows a working capital turnover ratio of 3.59, indicating that Intel Corporation is efficiently utilizing its working capital to generate sales revenue.
It is important for investors and analysts to continue monitoring the working capital turnover ratio to assess Intel Corporation's efficiency in managing its working capital and generating revenue.
Peer comparison
Dec 31, 2023