LyondellBasell Industries NV (LYB)
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 | 40,368,000 | 41,496,000 | 41,799,000 | 41,564,000 | 41,803,000 | 41,384,000 | 43,009,000 | 47,541,000 | 50,451,000 | 53,075,000 | 53,525,000 | 50,248,000 | 46,173,000 | 41,280,000 | 35,356,000 | 29,341,000 | 27,753,000 | 27,995,000 | 29,941,000 | 33,443,000 |
| Total current assets | US$ in thousands | 12,266,000 | 12,742,000 | 12,911,000 | 12,875,000 | 3,405,000 | 13,228,000 | 12,693,000 | 12,024,000 | 11,845,000 | 12,328,000 | 12,845,000 | 13,291,000 | 12,217,000 | 13,986,000 | 12,897,000 | 11,964,000 | 11,634,000 | 10,759,000 | 10,477,000 | 9,692,000 |
| Total current liabilities | US$ in thousands | 6,705,000 | 5,993,000 | 6,147,000 | 6,087,000 | 7,150,000 | 7,000,000 | 7,017,000 | 6,513,000 | 6,760,000 | 7,634,000 | 7,653,000 | 7,539,000 | 7,230,000 | 7,408,000 | 6,595,000 | 6,875,000 | 5,502,000 | 4,782,000 | 4,435,000 | 5,521,000 |
| Working capital turnover | 7.26 | 6.15 | 6.18 | 6.12 | — | 6.64 | 7.58 | 8.63 | 9.92 | 11.31 | 10.31 | 8.74 | 9.26 | 6.28 | 5.61 | 5.77 | 4.53 | 4.68 | 4.96 | 8.02 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $40,368,000K ÷ ($12,266,000K – $6,705,000K)
= 7.26
The working capital turnover of LyondellBasell Industries NV has shown fluctuations over the past few years.
The ratio decreased from 8.02 in March 2020 to 4.53 in December 2020, indicating a decrease in the efficiency of utilizing working capital to generate revenue during this period. However, the ratio improved in the subsequent quarters, reaching 9.26 by December 2021, indicating a significant increase in efficiency.
From March 2022 to September 2022, the working capital turnover continued to improve, reaching a peak of 11.31 by September 2022, indicating a more efficient use of working capital to generate sales.
However, the ratio started to decline from December 2022, reaching 6.12 by March 2024. This decrease suggests a potential decrease in efficiency in utilizing working capital to generate revenue during this period.
Overall, the working capital turnover ratio for LyondellBasell Industries NV has shown variability, with periods of both improvement and decline in the efficiency of converting working capital into revenue. Monitoring this ratio over time can provide insights into the company's liquidity management and operational efficiency.
Peer comparison
Dec 31, 2024
See also:
LyondellBasell Industries NV Working Capital Turnover (Quarterly Data)