New York Times Company (NYT)
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 | 2,585,919 | 2,535,505 | 2,493,672 | 2,459,428 | 2,426,152 | 2,417,473 | 2,366,808 | 2,331,635 | 2,308,321 | 2,235,017 | 2,196,440 | 2,139,257 | 2,074,877 | 1,990,003 | 1,907,795 | 1,813,048 | 1,783,639 | 1,782,644 | 1,784,250 | 1,816,758 |
| Total current assets | US$ in thousands | 936,322 | 794,980 | 716,153 | 681,160 | 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 |
| Total current liabilities | US$ in thousands | 613,529 | 589,598 | 543,129 | 544,717 | 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 |
| Working capital turnover | 8.01 | 12.35 | 14.41 | 18.03 | 14.26 | 23.23 | 16.58 | 24.82 | 27.33 | — | — | — | 5.27 | 4.99 | 4.39 | 5.24 | 5.11 | 6.04 | 5.73 | 6.43 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,585,919K ÷ ($936,322K – $613,529K)
= 8.01
The working capital turnover ratio for New York Times Company has displayed some fluctuation over the period from March 31, 2020, to December 31, 2024. The ratio started at a relatively high level of 6.43 on March 31, 2020, indicating that the company was efficiently utilizing its working capital to generate revenue. However, it experienced a slight decline to 5.73 on June 30, 2020, before increasing again to 6.04 on September 30, 2020.
From December 31, 2020, to June 30, 2021, the ratio saw a downward trend, dropping to 4.39 on June 30, 2021. This decline suggests that the company may have been less efficient in converting its working capital into revenue during this period. The ratio then rebounded to 5.27 on December 31, 2021, indicating an improvement in efficiency.
Notably, the working capital turnover ratio significantly surged to 27.33 on December 31, 2022, before gradually decreasing in the following periods. The ratio dropped to 8.01 on December 31, 2024, signaling a significant decrease in the efficiency of working capital utilization compared to the peak in December 2022.
Overall, fluctuations in the working capital turnover ratio for New York Times Company suggest varying degrees of efficiency in managing working capital to generate revenue during the analyzed period. Further analysis of the company's financial performance and operational efficiency may provide insights into the factors contributing to the observed fluctuations.
Peer comparison
Dec 31, 2024