IQVIA Holdings Inc (IQV)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,403,000 | 14,308,000 | 14,004,000 | 13,470,000 | 10,935,000 |
| Total current assets | US$ in thousands | 5,829,000 | 5,596,000 | 4,981,000 | 4,763,000 | 5,090,000 |
| Total current liabilities | US$ in thousands | 6,957,000 | 6,491,000 | 5,578,000 | 5,241,000 | 4,558,000 |
| Working capital turnover | — | — | — | — | 20.55 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $15,403,000K ÷ ($5,829,000K – $6,957,000K)
= —
The working capital turnover for IQVIA Holdings Inc was 20.55 as of December 31, 2020. This ratio indicates that the company generated $20.55 in revenue for every dollar of working capital invested during that period. However, data for subsequent years (December 31, 2021 to December 31, 2024) is not available, signified by "—". This suggests that specific working capital turnover figures for these years are either not disclosed or may not be applicable. A high working capital turnover generally indicates efficient management of working capital and a quick conversion of assets into revenue. Monitoring this ratio over time can provide insights into the company's operational efficiency and financial health.
Peer comparison
Dec 31, 2024