NXP Semiconductors NV (NXPI)
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 | 12,614,000 | 12,925,000 | 13,109,000 | 13,281,000 | 13,276,000 | 13,166,000 | 13,177,000 | 13,190,000 | 13,205,000 | 12,932,000 | 12,348,000 | 11,632,000 | 11,063,000 | 10,531,000 | 9,937,000 | 9,158,000 | 8,612,000 | 8,406,000 | 8,404,000 | 8,852,000 |
| Total current assets | US$ in thousands | 7,305,000 | 7,026,000 | 6,880,000 | 6,894,000 | 7,864,000 | 7,616,000 | 7,447,000 | 7,357,000 | 6,935,000 | 6,703,000 | 6,320,000 | 5,275,000 | 5,228,000 | 4,721,000 | 5,291,000 | 4,024,000 | 4,324,000 | 5,604,000 | 5,215,000 | 3,249,000 |
| Total current liabilities | US$ in thousands | 3,098,000 | 2,992,000 | 3,112,000 | 2,928,000 | 4,111,000 | 3,964,000 | 4,085,000 | 4,213,000 | 3,270,000 | 3,219,000 | 2,941,000 | 2,845,000 | 2,452,000 | 3,438,000 | 2,336,000 | 2,265,000 | 2,017,000 | 3,411,000 | 2,992,000 | 1,831,000 |
| Working capital turnover | 3.00 | 3.20 | 3.48 | 3.35 | 3.54 | 3.61 | 3.92 | 4.20 | 3.60 | 3.71 | 3.65 | 4.79 | 3.99 | 8.21 | 3.36 | 5.21 | 3.73 | 3.83 | 3.78 | 6.24 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $12,614,000K ÷ ($7,305,000K – $3,098,000K)
= 3.00
The working capital turnover ratio reflects how efficiently a company is utilizing its working capital to generate sales. For NXP Semiconductors NV, we can observe fluctuations in the working capital turnover ratio over the period from March 31, 2020, to December 31, 2024.
The working capital turnover ratio ranged from a high of 8.21 on September 30, 2021, to a low of 3.00 on December 31, 2024. A higher ratio indicates that the company is effectively utilizing its working capital to support sales activities, while a lower ratio may suggest inefficiency or that the company is holding too much working capital relative to its sales levels.
Overall, NXP Semiconductors NV experienced varying levels of working capital turnover during the period, with some quarters showing stronger efficiency in working capital utilization compared to others. It would be important to further analyze the factors contributing to these fluctuations and assess the company's overall working capital management strategies in order to make informed conclusions about its operational efficiency and financial performance.
Peer comparison
Dec 31, 2024
See also:
NXP Semiconductors NV Working Capital Turnover (Quarterly Data)