NXP Semiconductors NV (NXPI)
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 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 8,990,000 | |||
| Total current assets | US$ in thousands | 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 | 3,267,000 | 5,944,000 | 5,225,000 |
| Total current liabilities | US$ in thousands | 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 | 1,791,000 | 3,126,000 | 3,385,000 |
| Working capital turnover | 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 | 6.34 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $13,276,000K ÷ ($7,864,000K – $4,111,000K)
= 3.54
The working capital turnover ratio for NXP Semiconductors NV has shown some fluctuations over the past few quarters. The ratio decreased from Q1 2022 to Q4 2022 before gradually increasing in the first three quarters of 2023.
A working capital turnover ratio of 3.54 in Q4 2023 implies that the company generated $3.54 in revenue for every dollar of working capital invested during that quarter. This ratio indicates how efficiently the company is using its working capital to support its sales operations.
Overall, the trend in the working capital turnover suggests that NXP Semiconductors NV has been effectively managing its working capital to support its sales activities. However, it is essential for the company to continue monitoring this ratio to ensure optimal utilization of its resources.
Peer comparison
Dec 31, 2023
See also:
NXP Semiconductors NV Working Capital Turnover (Quarterly Data)