Linde plc Ordinary Shares (LIN)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 32,607,000 | 33,283,000 | 30,594,000 | 26,960,000 | 28,135,000 |
| Total current assets | US$ in thousands | 12,620,000 | 13,047,000 | 10,159,000 | 10,924,000 | 10,352,000 |
| Total current liabilities | US$ in thousands | 15,717,000 | 16,479,000 | 13,643,000 | 13,740,000 | 12,160,000 |
| Working capital turnover | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $32,607,000K ÷ ($12,620,000K – $15,717,000K)
= —
To calculate Linde Plc.'s working capital turnover, we need the values of Net Sales and Average Working Capital for each year. The formula for working capital turnover is:
Working Capital Turnover = Net Sales / Average Working Capital
Without the specific values for Net Sales and Working Capital, we are unable to calculate the working capital turnover for Linde Plc. for the years 2019 to 2023. This ratio provides insights into how effectively the company is utilizing its working capital to generate sales revenue over a specific period.
If the necessary financial data is available, we can compute the ratio and analyze its trend over the years to assess the company's efficiency in managing its working capital in generating sales. A higher turnover ratio typically indicates efficient utilization of working capital, while a declining trend might raise concerns about liquidity management or sales generation efficiency.
Peer comparison
Dec 31, 2023