ODP Corp (ODP)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,812,000 | 8,477,000 | 8,439,000 | 9,660,000 | 10,561,000 |
| Total current assets | US$ in thousands | 1,678,000 | 1,910,000 | 2,389,000 | 2,355,000 | 3,447,000 |
| Total current liabilities | US$ in thousands | 1,693,000 | 1,859,000 | 2,265,000 | 2,093,000 | 3,094,000 |
| Working capital turnover | — | 166.22 | 68.06 | 36.87 | 29.92 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $7,812,000K ÷ ($1,678,000K – $1,693,000K)
= —
The working capital turnover ratio for ODP Corp has been showing a positive trend over the years, indicating an improvement in the company's efficiency in utilizing its working capital to generate sales revenue.
In 2019, the working capital turnover ratio was 29.92, which means that for every unit of working capital invested, the company generated $29.92 in sales revenue. This ratio increased to 36.87 in 2020, showing a significant improvement in efficiency.
Furthermore, the ratio continued to increase in the following years, reaching 68.06 in 2021 and 166.22 in 2022. This indicates that ODP Corp has been able to generate more sales revenue for each unit of working capital invested, reflecting improved operational efficiency and effective management of its working capital.
Overall, the increasing trend in the working capital turnover ratio suggests that ODP Corp has been effectively managing its working capital to support its sales activities and drive revenue growth.
Peer comparison
Dec 31, 2023