ManpowerGroup Inc (MAN)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 17,861,200 | 18,811,700 | 19,764,800 | 20,680,400 | 17,952,800 |
| Total current assets | US$ in thousands | 4,970,300 | 5,572,100 | 5,934,400 | 6,422,700 | 6,666,400 |
| Total current liabilities | US$ in thousands | 4,437,100 | 4,799,700 | 4,911,700 | 5,780,500 | 4,684,800 |
| Working capital turnover | 33.50 | 24.35 | 19.33 | 32.20 | 9.06 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $17,861,200K ÷ ($4,970,300K – $4,437,100K)
= 33.50
The working capital turnover of ManpowerGroup Inc has shown significant fluctuation over the past five years. In December 2020, it stood at 9.06, indicating that the company was able to effectively utilize its working capital to generate revenue. This ratio increased substantially to 32.20 by December 2021, suggesting a more efficient management of working capital to support higher sales.
However, in December 2022, the working capital turnover decreased to 19.33, indicating a potential decline in the company's ability to efficiently convert working capital into sales. It then rebounded to 24.35 by December 2023, showing an improvement in the utilization of working capital. By December 2024, the working capital turnover reached the highest level in the period analyzed at 33.50, suggesting that ManpowerGroup Inc managed to significantly enhance its working capital efficiency to drive revenue generation.
Overall, the trend in the working capital turnover ratios of ManpowerGroup Inc reflects fluctuations in the company's ability to effectively manage its working capital to support sales growth and operational activities. The upward trajectory in recent years indicates a positive development in optimizing working capital efficiency.
Peer comparison
Dec 31, 2024