McCormick & Company Incorporated (MKC)
Working capital turnover
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,723,700 | 6,662,200 | 6,350,500 | 6,317,900 | 5,601,300 |
| Total current assets | US$ in thousands | 2,139,000 | 2,001,600 | 2,386,700 | 2,195,800 | 2,083,600 |
| Total current liabilities | US$ in thousands | 2,882,800 | 3,098,900 | 3,432,400 | 3,223,800 | 3,046,500 |
| Working capital turnover | — | — | — | — | — |
November 30, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $6,723,700K ÷ ($2,139,000K – $2,882,800K)
= —
Based on the provided data indicating "— " for the working capital turnover of McCormick & Company Incorporated for the years from November 30, 2020, to November 30, 2024, it appears that specific figures for this ratio are not available or have not been disclosed.
The working capital turnover ratio is a financial metric used to assess how efficiently a company is utilizing its working capital to generate sales. The ratio is calculated by dividing net sales by average working capital. A higher working capital turnover ratio typically indicates better efficiency in turning working capital into sales.
Since the data provided does not contain actual values for the working capital turnover ratio for McCormick & Company Incorporated, it is not possible to perform a detailed analysis of its efficiency in managing working capital relative to sales turnover for the specified years. It may be helpful to obtain the specific financial information or additional details to provide a more thorough evaluation of the company's working capital management.