Kenvue Inc. (KVUE)
Working capital turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 15,291,000 | |||
| Total current assets | US$ in thousands | 6,138,000 | 5,894,000 | 6,219,000 | 6,439,000 |
| Total current liabilities | US$ in thousands | 5,481,000 | 5,161,000 | 5,299,000 | 4,210,000 |
| Working capital turnover | 23.27 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $15,291,000K ÷ ($6,138,000K – $5,481,000K)
= 23.27
The working capital turnover ratio for Kenvue Inc. as of December 31, 2023, indicates that the company generated revenue 23.27 times for every dollar of working capital invested during that period. This suggests that Kenvue Inc. efficiently utilized its working capital to generate sales revenue. A higher ratio signifies better efficiency in managing working capital and converting it into sales. It is also essential for sustainable operations and liquidity management. However, trend analysis over multiple periods would provide a more holistic view of the company's efficiency in utilizing its working capital.
Peer comparison
Dec 31, 2023