The Mosaic Company (MOS)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,696,100 | 19,125,200 | 12,357,400 | 8,681,700 | 8,906,300 |
| Total current assets | US$ in thousands | 4,745,000 | 6,556,600 | 5,325,300 | 3,521,200 | 3,718,200 |
| Total current liabilities | US$ in thousands | 3,873,700 | 5,533,800 | 4,787,400 | 3,146,500 | 2,591,700 |
| Working capital turnover | 15.72 | 18.70 | 22.97 | 23.17 | 7.91 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $13,696,100K ÷ ($4,745,000K – $3,873,700K)
= 15.72
The working capital turnover of Mosaic Company has displayed a fluctuating trend over the past five years. Starting at 7.91 in 2019, it increased significantly to 23.17 in 2020, indicating a more efficient utilization of working capital to generate sales revenue. However, there was a slight decrease to 22.97 in 2021 and further to 18.70 in 2022, suggesting a potential decrease in efficiency in converting working capital into sales. The ratio experienced another decline to 15.72 in 2023, indicating a continuing trend of reduced effectiveness in utilizing working capital to generate revenue. Overall, Mosaic Company's working capital turnover has shown variability over the years, with a general downward trend in recent years, highlighting the importance of managing working capital efficiently to support business operations.
Peer comparison
Dec 31, 2023