KBR Inc (KBR)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,724,000 | 7,288,000 | 7,081,000 | 6,950,000 | 6,834,000 | 6,723,000 | 6,586,000 | 6,479,000 | 6,496,000 | 7,390,000 | 7,610,000 | 7,505,000 | 7,249,000 | 6,239,000 | 5,795,000 | 5,668,000 | 5,767,000 | 5,753,000 | 5,799,000 | 5,836,000 |
| Total current assets | US$ in thousands | 1,873,000 | 1,961,000 | 1,825,000 | 1,734,000 | 1,651,000 | 2,092,000 | 2,374,000 | 1,912,000 | 1,747,000 | 1,719,000 | 1,882,000 | 1,774,000 | 2,152,000 | 2,136,000 | 1,726,000 | 1,628,000 | 1,634,000 | 2,207,000 | 1,897,000 | 1,982,000 |
| Total current liabilities | US$ in thousands | 1,782,000 | 1,827,000 | 1,653,000 | 1,579,000 | 1,572,000 | 2,127,000 | 2,252,000 | 1,928,000 | 1,821,000 | 1,389,000 | 1,492,000 | 1,461,000 | 1,875,000 | 1,788,000 | 1,443,000 | 1,419,000 | 1,455,000 | 1,433,000 | 1,495,000 | 1,627,000 |
| Working capital turnover | 84.88 | 54.39 | 41.17 | 44.84 | 86.51 | — | 53.98 | — | — | 22.39 | 19.51 | 23.98 | 26.17 | 17.93 | 20.48 | 27.12 | 32.22 | 7.43 | 14.43 | 16.44 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $7,724,000K ÷ ($1,873,000K – $1,782,000K)
= 84.88
The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate revenue. A higher ratio indicates better efficiency in utilizing working capital.
Analyzing KBR Inc's working capital turnover over the given time period, we observe fluctuations in the ratio. From March 2020 to September 2020, the ratio decreased significantly from 16.44 to 7.43, indicating a potential decrease in efficiency in utilizing working capital. However, from December 2020 to March 2021, there was a substantial increase in the ratio to 32.22, suggesting a sharp improvement in working capital efficiency.
Throughout 2021 and 2022, the working capital turnover ratio remained relatively stable, ranging between 17.93 and 26.17, indicating consistent efficiency in working capital management. In June 2023, there was a notable spike in the ratio to 53.98, followed by a significant increase to 86.51 by December 2023, suggesting a rapid acceleration in the company's working capital turnover.
From March 2024 to December 2024, the ratio fluctuated between 41.17 and 84.88, indicating continued variability in working capital efficiency.
Overall, KBR Inc's working capital turnover ratio demonstrates varying levels of efficiency in utilizing working capital across different periods, with notable improvements and fluctuations observed over time.
Peer comparison
Dec 31, 2024