New York Times Company (NYT)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,585,920 | 2,426,150 | 2,308,320 | 2,074,880 | 1,783,640 |
| Total current assets | US$ in thousands | 936,322 | 781,653 | 655,675 | 952,708 | 835,835 |
| Total current liabilities | US$ in thousands | 613,529 | 611,559 | 571,210 | 559,152 | 486,748 |
| Working capital turnover | 8.01 | 14.26 | 27.33 | 5.27 | 5.11 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,585,920K ÷ ($936,322K – $613,529K)
= 8.01
The working capital turnover ratio for New York Times Company has shown fluctuations over the years based on the provided data. In 2020, the ratio stood at 5.11, indicating that the company generated $5.11 in revenue for every dollar of working capital invested.
There was a slight improvement in 2021, with the ratio increasing to 5.27, suggesting a slightly more efficient utilization of working capital to generate revenue.
However, a significant spike was observed in 2022, with the ratio soaring to 27.33. This could be indicative of either a higher level of revenue generation relative to working capital or a major change in the company's working capital management.
The ratio then decreased in 2023 to 14.26, still showing a strong turnover of working capital but not as high as the previous year.
By the end of 2024, the ratio further decreased to 8.01, indicating a decline in the company's efficiency in generating revenue from its working capital compared to the previous year.
Overall, the working capital turnover ratio for New York Times Company has shown variability, which could be attributed to shifts in revenue generation and changes in working capital management strategies over the years. Further analysis would be needed to understand the underlying reasons for these fluctuations and their implications for the company's financial performance.
Peer comparison
Dec 31, 2024