Intel Corporation (INTC)
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 | 53,264,000 | 54,364,000 | 55,781,000 | 55,667,000 | 54,506,000 | 49,818,000 | 51,609,000 | 53,222,000 | 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 |
| Total current assets | US$ in thousands | 47,324,000 | 46,137,000 | 50,829,000 | 42,608,000 | 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 |
| Total current liabilities | US$ in thousands | 35,666,000 | 35,159,000 | 32,027,000 | 27,213,000 | 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 |
| Working capital turnover | 4.57 | 4.95 | 2.97 | 3.62 | 3.58 | 3.28 | 3.19 | 2.54 | 3.30 | 3.23 | 3.09 | 2.33 | 2.51 | 2.44 | 3.13 | 3.55 | 3.42 | 5.27 | 3.57 | 4.26 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $53,264,000K ÷ ($47,324,000K – $35,666,000K)
= 4.57
The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales. A higher ratio indicates better efficiency in managing working capital.
Analyzing Intel Corporation's working capital turnover ratio over the past few years, we observe fluctuations in the ratio. From March 31, 2020, to December 31, 2022, the ratio ranged between 2.33 and 5.27, showing some variability in the efficiency of working capital management.
In the most recent periods from March 31, 2023, to December 31, 2024, the ratio has stabilized somewhat, fluctuating between 2.54 and 4.95. This may suggest a more consistent approach to utilizing working capital to generate sales during these periods.
It is worth noting that a declining trend in the working capital turnover ratio could signify inefficiencies in managing working capital, while a consistently high ratio may indicate aggressive management of working capital that could potentially lead to liquidity issues.
Further analysis of other financial metrics and external factors would provide a more comprehensive insight into Intel Corporation's overall financial performance and working capital management effectiveness.
Peer comparison
Dec 31, 2024