Light & Wonder Inc (LNW)
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 | 2,887,000 | 2,857,000 | 2,781,000 | 2,655,000 | 2,559,000 | 2,515,000 | 2,782,000 | 2,545,000 | 2,403,000 | 2,721,000 | 2,166,000 | 2,415,000 | 2,454,000 | 2,354,000 | 2,413,000 | 2,057,000 | 2,032,000 | 2,455,000 | 2,744,000 | 3,186,000 |
| Total current assets | US$ in thousands | 1,183,000 | 1,279,000 | 1,289,000 | 1,340,000 | 1,311,000 | 1,720,000 | 1,735,000 | 1,762,000 | 1,694,000 | 2,048,000 | 1,748,000 | 1,756,000 | 1,732,000 | 1,921,000 | 2,017,000 | 2,108,000 | 2,181,000 | 2,271,000 | 1,932,000 | 1,496,000 |
| Total current liabilities | US$ in thousands | 735,000 | 680,000 | 696,000 | 677,000 | 696,000 | 619,000 | 577,000 | 642,000 | 622,000 | 802,000 | 1,254,000 | 927,000 | 974,000 | 844,000 | 780,000 | 868,000 | 832,000 | 847,000 | 1,085,000 | 735,000 |
| Working capital turnover | 6.44 | 4.77 | 4.69 | 4.00 | 4.16 | 2.28 | 2.40 | 2.27 | 2.24 | 2.18 | 4.38 | 2.91 | 3.24 | 2.19 | 1.95 | 1.66 | 1.51 | 1.72 | 3.24 | 4.19 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,887,000K ÷ ($1,183,000K – $735,000K)
= 6.44
The working capital turnover ratio of Light & Wonder Inc has shown fluctuations over the periods analyzed. The ratio indicates how efficiently the company is utilizing its working capital to generate sales. A higher ratio implies better efficiency in managing working capital.
From March 31, 2020, to December 31, 2020, the working capital turnover ratio decreased from 4.19 to 1.51, indicating a significant decline in the efficiency of working capital management. However, there was a slight improvement in the ratio in the following periods, reaching 4.38 by June 30, 2022.
Subsequently, there were fluctuations in the ratio, with a significant increase to 6.44 by December 31, 2024, suggesting improved efficiency in utilizing working capital to generate sales. Overall, the company's working capital turnover ratio has shown variability, potentially impacted by changes in sales volumes, inventory management, and receivables collection efficiency.
Further analysis and comparison with industry benchmarks would provide more insights into the effectiveness of Light & Wonder Inc's working capital management practices.
Peer comparison
Dec 31, 2024