Gartner Inc (IT)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,313,080 | 5,999,420 | 5,479,130 | 4,676,650 | 3,994,620 |
| Total current assets | US$ in thousands | 4,196,530 | 3,427,890 | 2,786,110 | 2,620,080 | 2,323,060 |
| Total current liabilities | US$ in thousands | 3,969,020 | 3,777,720 | 3,597,600 | 3,378,780 | 2,947,490 |
| Working capital turnover | 27.75 | — | — | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $6,313,080K ÷ ($4,196,530K – $3,969,020K)
= 27.75
Based on the data provided for Gartner Inc, the working capital turnover ratio for the year ending December 31, 2024, is 27.75. The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate revenue. In this case, a high ratio of 27.75 indicates that Gartner Inc is able to generate substantial revenue relative to its level of working capital, which suggests efficient management of its working capital resources. It implies that the company is effectively using its current assets and liabilities to support its operations and drive revenue growth. It would be important to monitor this ratio over time to ensure that the company maintains this level of efficiency in managing its working capital.
Peer comparison
Dec 31, 2024