Kyndryl Holdings Inc (KD)
Working capital turnover
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Dec 31, 2021 | Sep 30, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 16,052,000 | 16,457,000 | 16,824,000 | 16,930,000 | 17,025,000 | 17,326,000 | 17,602,000 | |||
| Total current assets | US$ in thousands | 4,747,000 | 4,851,000 | 4,593,000 | 4,653,000 | 4,963,000 | 4,967,000 | 4,964,000 | 5,404,000 | 5,777,000 | 3,856,000 |
| Total current liabilities | US$ in thousands | 4,589,000 | 5,152,000 | 4,485,000 | 4,591,000 | 4,868,000 | 4,607,000 | 4,579,000 | 4,609,000 | 4,457,000 | 3,632,000 |
| Working capital turnover | 101.59 | — | 155.78 | 273.06 | 179.21 | 48.13 | 45.72 |
March 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $16,052,000K ÷ ($4,747,000K – $4,589,000K)
= 101.59
The working capital turnover ratio for Kyndryl Holdings Inc fluctuated significantly over the periods provided. The working capital turnover ratio represents how efficiently a company is using its working capital to generate revenue. A higher turnover ratio indicates better efficiency in utilizing working capital.
In the most recent period, as of March 31, 2024, the working capital turnover ratio stood at 101.59, reflecting a decrease from the previous quarter. However, it is important to note that there was missing data for the December 2023 period, which could impact the trend analysis.
Looking back at the historical data, the working capital turnover ratio experienced a substantial increase in efficiency from September 2021 to June 2023, peaking at 273.06 in June 2023. This indicates that Kyndryl Holdings Inc was utilizing its working capital very efficiently during that period.
Subsequently, there was a notable decline in efficiency in the following quarter, with the ratio dropping to 179.21 in September 2023. The ratio continued to decrease in the subsequent periods, fluctuating between 45.72 and 101.59.
Overall, the working capital turnover ratio for Kyndryl Holdings Inc has shown significant variability, with periods of high efficiency followed by declines. It would be important to further investigate the factors contributing to these fluctuations to assess the company's working capital management.
Peer comparison
Mar 31, 2024