Owens Corning Inc (OC)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,886,000 | 9,599,000 | 9,618,000 | 8,364,000 | 6,929,000 |
| Total current assets | US$ in thousands | 3,378,000 | 3,917,000 | 3,556,000 | 3,097,000 | 2,606,000 |
| Total current liabilities | US$ in thousands | 2,297,000 | 2,324,000 | 2,104,000 | 1,697,000 | 1,440,000 |
| Working capital turnover | 10.07 | 6.03 | 6.62 | 5.97 | 5.94 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $10,886,000K ÷ ($3,378,000K – $2,297,000K)
= 10.07
The working capital turnover ratio for Owens Corning Inc has shown a generally positive trend over the past five years, starting at 5.94 in December 2020 and reaching a peak of 10.07 by December 2024. This indicates that the company has been effective in utilizing its working capital to generate sales revenue. The increase in the ratio reflects improvements in the efficiency of Owens Corning's working capital management, as it is turning over its working capital more frequently to support its operations. However, the ratio experienced a slight decrease in December 2023 compared to the previous year, but overall, the trend suggests that Owens Corning has been successful in optimizing its working capital utilization to drive its business activities.