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.
Peer comparison
Dec 31, 2023