Norwegian Cruise Line Holdings Ltd (NCLH)

Working capital turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	7,787,490	7,249,679	6,348,249	5,189,539	3,722,459	3,465,267	1,973,871	959,849	636,309	158,451	23,565	25,926	1,289,606	2,760,647	4,678,029	6,332,440	6,465,390	6,365,960	6,300,220	6,173,950
Total current assets	US$ in thousands	1,313,150	1,611,300	1,848,580	1,644,670	1,872,870	2,157,380	3,131,750	3,214,510	3,301,570	3,281,200	3,465,450	3,779,320	3,557,540	2,652,500	2,750,670	1,696,340	730,145	842,716	903,564	768,395
Total current liabilities	US$ in thousands	6,038,700	5,402,360	5,818,240	5,699,540	5,054,850	4,662,750	5,033,460	4,176,680	3,730,430	2,939,850	2,180,570	1,810,050	1,913,900	2,334,270	2,583,860	2,959,790	3,584,390	3,399,590	3,582,550	3,429,420
Working capital turnover		—	—	—	—	—	—	—	—	—	0.46	0.02	0.01	0.78	8.68	28.04	—	—	—	—	—

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $7,787,490K ÷ ($1,313,150K – $6,038,700K)
= —

As the working capital turnover ratio for Norwegian Cruise Line Holdings Ltd is not provided in the table across multiple quarters, it is not possible to conduct a direct analysis based on the data presented.

The working capital turnover ratio is calculated by dividing net sales by average working capital and provides insight into how efficiently a company is utilizing its working capital to generate sales revenue. A higher ratio indicates better efficiency.

To perform a thorough analysis of Norwegian Cruise Line Holdings Ltd's working capital turnover, it would be necessary to calculate this ratio for each quarter using the formula:

Working Capital Turnover = Net Sales / Average Working Capital

Net sales figures and working capital data for each quarter would be essential to accurately calculate this ratio and assess the company's efficiency in managing its working capital resources.