Gartner Inc (IT)
Working capital turnover
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,258,760 | 5,938,050 | 5,932,290 | 5,994,280 | 5,975,660 | 5,887,990 | 5,754,690 | 5,470,940 | 5,210,450 | 5,032,650 | 4,824,550 | 4,680,250 | 4,501,760 | 4,292,403 | 4,095,451 | 3,995,091 | 4,067,621 | 4,128,212 | 4,231,074 | 4,170,966 |
| Total current assets | US$ in thousands | 4,196,530 | 3,551,530 | 3,326,270 | 3,427,890 | 2,837,560 | 2,899,180 | 2,903,320 | 2,786,110 | 1,980,260 | 1,981,280 | 2,273,930 | 2,620,080 | 2,108,850 | 2,257,170 | 1,997,860 | 2,323,060 | 1,865,400 | 1,767,180 | 1,772,620 | 2,018,740 |
| Total current liabilities | US$ in thousands | 3,969,020 | 3,471,960 | 3,640,290 | 3,777,720 | 3,312,710 | 3,337,250 | 3,454,260 | 3,597,600 | 3,085,890 | 3,178,380 | 3,260,420 | 3,378,780 | 2,904,540 | 2,909,610 | 2,812,420 | 2,947,490 | 2,521,560 | 2,539,320 | 2,530,340 | 2,856,530 |
| Working capital turnover | 27.51 | 74.63 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $6,258,760K ÷ ($4,196,530K – $3,969,020K)
= 27.51
The working capital turnover ratio for Gartner Inc has exhibited a consistent performance trend over the reported periods. Notably, the ratio was not available for analysis until September 30, 2024, where it stood at a value of 74.63. This suggests that for the most recent reported period, the company was able to effectively utilize its working capital to generate sales revenue.
However, the working capital turnover ratio decreased significantly to 27.51 by the end of December 31, 2024, compared to the previous period. The decline in the ratio may indicate potential inefficiencies in the company's management of working capital to support sales activities.
It is essential for the company to closely monitor its working capital turnover ratio and investigate the factors influencing fluctuations to ensure optimal utilization of working capital resources. Additionally, a higher working capital turnover ratio indicates more efficient management of working capital, facilitating smoother operations and better liquidity management.
Peer comparison
Dec 31, 2024