Norwegian Cruise Line Holdings Ltd (NCLH)

Working capital turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 9,479,650 8,549,920 4,843,760 647,986 1,279,910
Total current assets US$ in thousands 1,010,100 1,313,150 1,872,870 3,301,570 3,557,540
Total current liabilities US$ in thousands 5,780,860 6,038,700 5,054,850 3,730,430 1,913,900
Working capital turnover — — — — 0.78

December 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $9,479,650K ÷ ($1,010,100K – $5,780,860K)
= —

The working capital turnover ratio for Norwegian Cruise Line Holdings Ltd was 0.78 as of December 31, 2020. However, there is missing data for the subsequent years up to December 31, 2024. The working capital turnover ratio indicates how efficiently the company is utilizing its working capital to generate sales. A higher ratio is generally preferred as it reflects a quicker turnover of working capital, showing that the company is effectively managing its liquidity. The decrease or absence of data in the following years could indicate a potential shift in the company's working capital management strategy or operational performance. Further analysis would be needed to understand the reasons behind the fluctuations or missing data in order to assess the company's financial health accurately.