Mattel Inc (MAT)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,304,060 | 5,229,410 | 5,085,750 | 4,366,490 | 4,303,160 |
| Total current assets | US$ in thousands | 3,122,350 | 2,729,040 | 2,874,530 | 2,496,690 | 2,247,970 |
| Total current liabilities | US$ in thousands | 1,342,480 | 1,187,750 | 1,598,250 | 1,355,380 | 1,276,910 |
| Working capital turnover | 2.98 | 3.39 | 3.98 | 3.83 | 4.43 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $5,304,060K ÷ ($3,122,350K – $1,342,480K)
= 2.98
The working capital turnover of Mattel Inc has shown a declining trend over the past five years, decreasing from 4.43 in 2019 to 2.98 in 2023. This indicates that the company is less efficient at utilizing its working capital to generate sales revenue. A lower working capital turnover ratio may suggest inefficiencies in managing its current assets and liabilities to support its operations. Mattel Inc may need to focus on improving its working capital management to enhance operational efficiency and profitability in the future.