The Mosaic Company (MOS)
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 | 11,122,800 | 10,988,000 | 11,551,900 | 12,556,100 | 14,142,000 | 13,242,400 | 16,030,200 | 18,535,500 | 19,125,200 | 20,318,500 | 17,641,300 | 14,700,400 | 12,357,400 | 11,172,800 | 10,172,900 | 9,354,000 | 8,681,700 | 7,900,800 | 8,286,100 | 8,475,100 |
| Total current assets | US$ in thousands | 4,498,300 | 4,971,200 | 4,759,100 | 4,655,200 | 4,745,000 | 5,156,800 | 5,711,700 | 5,853,400 | 6,556,600 | 6,899,700 | 7,298,700 | 6,225,400 | 5,325,300 | 4,599,100 | 4,987,600 | 3,727,300 | 3,521,200 | 3,748,800 | 4,055,600 | 4,221,100 |
| Total current liabilities | US$ in thousands | 4,171,300 | 4,175,700 | 4,118,900 | 4,020,400 | 3,873,700 | 4,696,300 | 4,839,400 | 5,167,600 | 5,533,800 | 5,130,300 | 5,632,000 | 5,051,700 | 4,787,400 | 3,494,500 | 4,137,900 | 3,355,000 | 3,146,500 | 2,865,700 | 3,112,900 | 3,269,000 |
| Working capital turnover | 34.01 | 13.81 | 18.04 | 19.78 | 16.23 | 28.76 | 18.38 | 27.03 | 18.70 | 11.48 | 10.58 | 12.52 | 22.97 | 10.11 | 11.97 | 25.12 | 23.17 | 8.95 | 8.79 | 8.90 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $11,122,800K ÷ ($4,498,300K – $4,171,300K)
= 34.01
The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales. A higher ratio indicates that the company is effectively managing its working capital.
Looking at the data provided for The Mosaic Company, we observe fluctuations in the working capital turnover ratio over the specified quarters. The ratio was relatively stable in 2020 and early 2021, averaging around 10, indicating consistent efficiency in converting working capital into revenue.
There was a notable increase in the ratio towards the end of 2021 and in early 2022, peaking at 34.01 by December 31, 2024. This surge suggests a significant improvement in the company's working capital management efficiency during this period.
However, there were subsequent fluctuations in the ratio, with a decline observed by the end of 2024. The ratio dropped to 13.81 by September 30, 2024, which could be an indication of changes in the company's working capital management strategies or operational performance.
Overall, the working capital turnover ratio for The Mosaic Company has shown variability over the quarters, with periods of both improvement and decline. It is important for stakeholders to monitor this ratio to assess the company's efficiency in utilizing its working capital resources effectively.
Peer comparison
Dec 31, 2024
See also:
The Mosaic Company Working Capital Turnover (Quarterly Data)