Kellanova (K)

Working capital turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	13,122,000	12,653,000	14,181,000	13,770,000	13,578,000
Total current assets	US$ in thousands	3,330,000	4,186,000	3,394,000	3,482,000	3,431,000
Total current liabilities	US$ in thousands	5,060,000	6,349,000	5,315,000	5,238,000	4,778,000
Working capital turnover		—	—	—	—	—

December 31, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $13,122,000K ÷ ($3,330,000K – $5,060,000K)
= —

To calculate the working capital turnover for Kellanova, we would need the values of Net Sales and Average Working Capital for each year. The working capital turnover ratio is calculated by dividing Net Sales by Average Working Capital. This ratio measures how efficiently a company is using its working capital to generate sales.

Without the specific data for Net Sales and Working Capital for the years 2019 to 2023, we cannot calculate the working capital turnover ratio for Kellanova. The information provided in the table does not allow for a detailed analysis of the trend in working capital turnover over the past years.

However, in general, a higher working capital turnover ratio indicates that the company is efficiently using its working capital to generate sales. A declining ratio may signal inefficiency in utilizing working capital or a decrease in sales relative to the amount of working capital invested.

Therefore, without the necessary data points, a comprehensive analysis of Kellanova's working capital turnover performance over the years is not possible. Additional financial information would be required to assess the efficiency of the company in managing its working capital.