Interpublic Group of Companies Inc (IPG)
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 | 10,691,700 | 10,858,000 | 10,907,700 | 10,864,200 | 10,889,300 | 10,851,900 | 10,811,100 | 10,880,300 | 10,927,800 | 10,874,000 | 10,778,300 | 10,552,200 | 10,240,700 | 9,858,600 | 9,442,100 | 8,958,200 | 9,061,000 | 9,412,800 | 9,725,400 | 10,219,900 |
| Total current assets | US$ in thousands | 10,606,000 | 9,257,700 | 8,825,600 | 9,025,900 | 10,950,400 | 8,645,400 | 8,641,000 | 8,170,900 | 10,325,200 | 8,534,900 | 8,760,800 | 9,270,000 | 11,231,800 | 9,132,900 | 8,782,500 | 7,770,200 | 9,367,600 | 7,284,300 | 6,214,300 | 7,596,700 |
| Total current liabilities | US$ in thousands | 9,758,000 | 8,465,600 | 8,287,300 | 8,498,300 | 10,330,900 | 8,326,200 | 8,355,300 | 7,960,000 | 9,983,200 | 8,169,200 | 8,462,700 | 8,954,200 | 10,890,000 | 9,049,000 | 8,796,700 | 7,984,500 | 9,580,500 | 7,227,900 | 6,366,500 | 7,795,900 |
| Working capital turnover | 12.61 | 13.71 | 20.26 | 20.59 | 17.58 | 34.00 | 37.84 | 51.59 | 31.95 | 29.73 | 36.16 | 33.41 | 29.96 | 117.50 | — | — | — | 166.89 | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $10,691,700K ÷ ($10,606,000K – $9,758,000K)
= 12.61
Interpublic Group of Companies Inc's working capital turnover has shown fluctuations over the periods from March 31, 2020, to December 31, 2024. The working capital turnover ratio indicates the efficiency with which the company is utilizing its working capital to generate sales revenue.
The company did not report any data for this ratio in March 31, 2020, June 30, 2020, December 31, 2020, and March 31, 2021. However, starting from September 30, 2020, the working capital turnover ratio was reported at a significant level of 166.89. This high ratio may suggest that Interpublic Group effectively managed its working capital to support its sales during this period.
Subsequently, the working capital turnover ratio fluctuated between 117.50 and 51.59 from September 30, 2021, to March 31, 2023. These fluctuations may indicate changes in the company's efficiency in utilizing its working capital in relation to generating sales.
From June 30, 2023, to December 31, 2024, the working capital turnover ratio decreased further to a range between 12.61 and 20.59. These lower ratios could imply that Interpublic Group may have faced challenges in efficiently managing its working capital to support its sales activities during this period.
In conclusion, Interpublic Group of Companies Inc's working capital turnover has shown varying levels over the observed periods, indicating fluctuations in the company's efficiency in utilizing its working capital to generate revenue. Further analysis and comparison with industry benchmarks may provide additional insights into the company's working capital management performance.
Peer comparison
Dec 31, 2024