Norwegian Cruise Line Holdings Ltd (NCLH)

Working capital turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	7,787,020	3,910,760	647,986	1,162,120	6,185,140
Total current assets	US$ in thousands	1,313,150	1,872,870	3,301,570	3,557,540	730,145
Total current liabilities	US$ in thousands	6,038,700	5,054,850	3,730,430	1,913,900	3,584,390
Working capital turnover		—	—	—	0.71	—

December 31, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $7,787,020K ÷ ($1,313,150K – $6,038,700K)
= —

The working capital turnover ratio for Norwegian Cruise Line Holdings Ltd was not available for the years ending December 31, 2023, 2022, and 2021. However, based on the data provided, we can observe that the working capital turnover was 0.78 for the year ending December 31, 2020. This indicates that for each dollar of working capital invested, the company generated $0.78 of revenue during that period.

A working capital turnover ratio shows how efficiently a company is utilizing its working capital to generate sales. A higher ratio is generally preferred as it suggests that the company is using its working capital more effectively to generate revenue. The upward trend in the working capital turnover ratio over the years would indicate an improvement in the company's efficiency in utilizing its working capital to generate sales.