ManpowerGroup Inc (MAN)
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 | 17,845,600 | 18,036,300 | 18,155,700 | 18,467,800 | 18,813,000 | 18,997,000 | 19,134,800 | 19,366,000 | 19,762,200 | 20,347,600 | 20,690,800 | 20,895,400 | 20,680,400 | 20,363,000 | 19,806,800 | 18,271,300 | 17,964,500 | 18,106,200 | 18,765,700 | 20,396,800 |
| Total current assets | US$ in thousands | 4,970,300 | 5,182,600 | 5,233,300 | 5,249,800 | 5,572,100 | 5,336,600 | 5,590,900 | 5,657,900 | 5,934,400 | 5,421,800 | 6,401,900 | 6,369,500 | 6,422,700 | 6,858,700 | 6,829,700 | 6,624,300 | 6,666,400 | 6,348,100 | 5,892,700 | 6,059,100 |
| Total current liabilities | US$ in thousands | 4,437,100 | 4,525,000 | 4,578,000 | 4,504,100 | 4,799,700 | 4,427,700 | 4,616,400 | 4,579,600 | 4,911,700 | 4,450,000 | 5,401,100 | 5,697,200 | 5,780,500 | 5,349,400 | 4,950,200 | 4,750,400 | 4,684,800 | 4,275,500 | 3,937,600 | 4,075,500 |
| Working capital turnover | 33.47 | 27.43 | 27.71 | 24.77 | 24.36 | 20.90 | 19.64 | 17.96 | 19.32 | 20.94 | 20.67 | 31.08 | 32.20 | 13.49 | 10.54 | 9.75 | 9.07 | 8.74 | 9.60 | 10.28 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $17,845,600K ÷ ($4,970,300K – $4,437,100K)
= 33.47
ManpowerGroup Inc's working capital turnover has experienced fluctuations over the observed period. The working capital turnover ratio measures how effectively the company is utilizing its working capital to generate revenue. A higher ratio indicates efficient utilization of working capital.
From March 2020 to June 2021, the working capital turnover generally showed a positive trend, increasing from 10.28 to 10.54. This suggests that ManpowerGroup was effectively utilizing its working capital during this period.
However, from September 2021 to December 2024, the working capital turnover ratio exhibited more variability, with both increases and decreases. The ratio peaked at 33.47 in December 2024, indicating a significant improvement in the efficiency of working capital utilization at the end of the observed period.
Overall, the working capital turnover ratios fluctuated over time, but the general trend showed an improvement in the efficiency of ManpowerGroup Inc's working capital utilization, especially towards the end of the period.
Peer comparison
Dec 31, 2024