New York Times Company (NYT)
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 | 2,447,254 | 2,433,332 | 2,378,510 | 2,374,424 | 2,349,012 | 2,289,467 | 2,293,080 | 2,202,166 | 2,138,222 | 2,037,156 | 1,911,179 | 1,814,559 | 1,783,639 | 1,782,644 | 1,784,250 | 1,816,758 | 1,812,184 | 1,820,004 | 1,804,823 | 1,783,125 |
| Total current assets | US$ in thousands | 781,653 | 658,090 | 674,774 | 634,407 | 655,675 | 543,208 | 473,338 | 487,015 | 952,708 | 925,654 | 881,238 | 786,652 | 835,835 | 720,984 | 682,517 | 653,697 | 716,831 | 909,289 | 922,736 | 884,121 |
| Total current liabilities | US$ in thousands | 611,559 | 554,009 | 532,052 | 540,454 | 571,210 | 555,758 | 534,277 | 593,013 | 559,152 | 526,594 | 446,517 | 440,706 | 486,748 | 425,928 | 371,112 | 371,044 | 437,695 | 659,782 | 631,644 | 636,311 |
| Working capital turnover | 14.39 | 23.38 | 16.67 | 25.27 | 27.81 | — | — | — | 5.43 | 5.10 | 4.40 | 5.25 | 5.11 | 6.04 | 5.73 | 6.43 | 6.49 | 7.29 | 6.20 | 7.20 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,447,254K ÷ ($781,653K – $611,559K)
= 14.39
The working capital turnover ratio for New York Times Co. has shown fluctuations over the last eight quarters, with values ranging from as low as 14.26 to as high as 27.33.
In Q4 2023, the company's working capital turnover was 14.26, indicating that the company generated $14.26 in revenue for every dollar of working capital invested. This represents a decrease from the previous quarter, where the ratio was 23.23.
The significant decrease in the working capital turnover ratio from Q3 to Q4 could suggest inefficiencies in the company's management of working capital during that period. It may indicate that the company was not effectively utilizing its working capital to generate revenue.
On a more positive note, the working capital turnover ratio has shown relatively high values in some quarters, such as Q4 2022 where it reached 27.33. This suggests that the company was able to efficiently utilize its working capital to generate revenue during that period.
Overall, it is essential for New York Times Co. to consistently monitor and improve its working capital turnover to ensure optimal utilization of resources and sustainable revenue generation.
Peer comparison
Dec 31, 2023