Kyndryl Holdings Inc (KD)
Working capital turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 15,057,000 | 15,107,000 | 15,299,000 | 15,598,000 | 16,052,000 | 16,457,000 | 16,824,000 | 16,930,000 | 17,025,000 | 17,201,000 | 17,454,000 | 17,854,000 | 18,317,000 | 18,657,000 | 19,028,000 | 19,305,000 | 19,291,000 | 19,304,500 |
| Total current assets | US$ in thousands | 1,231,000 | 4,297,000 | 4,387,000 | 4,355,000 | 4,747,000 | 4,851,000 | 4,593,000 | 4,653,000 | 1,847,000 | 4,967,000 | 4,964,000 | 5,404,000 | 6,092,000 | 5,777,000 | 3,856,000 | 3,115,000 | 24,000 | 2,843,000 |
| Total current liabilities | US$ in thousands | 60,000 | 3,935,000 | 4,249,000 | 4,231,000 | 4,589,000 | 5,152,000 | 4,485,000 | 4,591,000 | 4,868,000 | 4,607,000 | 4,579,000 | 4,609,000 | 5,058,000 | 4,457,000 | 3,709,000 | 3,752,000 | 3,752,000 | 3,910,000 |
| Working capital turnover | 12.86 | 41.73 | 110.86 | 125.79 | 101.59 | — | 155.78 | 273.06 | — | 47.78 | 45.34 | 22.46 | 17.71 | 14.13 | 129.44 | — | — | — |
March 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $15,057,000K ÷ ($1,231,000K – $60,000K)
= 12.86
The working capital turnover ratio for Kyndryl Holdings Inc shows the efficiency of the company in managing its working capital to generate sales revenue. A higher turnover ratio indicates that the company is effectively utilizing its working capital to generate sales.
Looking at the data provided, the working capital turnover ratio has shown some fluctuations over the periods analyzed. Notably, the ratio was not available for December 31, 2020, March 31, 2021, and some other dates. However, it started to pick up significantly from September 30, 2021, with a ratio of 129.44, suggesting a more efficient use of working capital to generate sales revenue.
Subsequently, the ratio continued to increase gradually through December 31, 2022. This indicates that the company was improving its working capital management practices during this period. However, there was a substantial spike in efficiency by June 30, 2023, where the working capital turnover ratio reached 273.06, reflecting a significant improvement in the company's ability to convert working capital into sales.
Following this peak, the ratio decreased in the subsequent periods until March 31, 2025, with a ratio of 12.86. This decrease may indicate challenges in managing working capital efficiently compared to the previous periods. Overall, Kyndryl Holdings Inc demonstrated periods of strong efficiency in working capital management, as well as some fluctuations over the analyzed timeline.
Peer comparison
Mar 31, 2025