Newell Brands Inc (NWL)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,582,000 | 8,133,000 | 9,459,000 | 10,589,000 | 9,385,000 |
| Total current assets | US$ in thousands | 2,775,000 | 3,354,000 | 4,052,000 | 4,262,000 | 4,628,000 |
| Total current liabilities | US$ in thousands | 2,437,000 | 2,897,000 | 3,078,000 | 3,317,000 | 3,621,000 |
| Working capital turnover | 22.43 | 17.80 | 9.71 | 11.21 | 9.32 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $7,582,000K ÷ ($2,775,000K – $2,437,000K)
= 22.43
The working capital turnover of Newell Brands Inc has shown an increasing trend over the five-year period from 2020 to 2024. The ratio has improved from 9.32 in 2020 to 22.43 in 2024, indicating that the company's efficiency in generating revenue from its working capital has significantly strengthened. This suggests that Newell Brands Inc is utilizing its working capital more effectively to support its operations and drive sales. The ratio peaking in 2024 at 22.43 may imply a notable enhancement in the company's operational efficiency and management of its current assets and liabilities. It is noteworthy that working capital turnover ratios above industry norms may indicate that the company is efficiently managing its working capital to generate sales.
Peer comparison
Dec 31, 2024