ODP Corp (ODP)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,990,000 | 7,831,000 | 8,491,000 | 8,465,000 | 9,710,000 |
| Total current assets | US$ in thousands | 1,438,000 | 1,678,000 | 1,910,000 | 2,389,000 | 2,355,000 |
| Total current liabilities | US$ in thousands | 1,543,000 | 1,693,000 | 1,859,000 | 2,265,000 | 2,093,000 |
| Working capital turnover | — | — | 166.49 | 68.27 | 37.06 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $6,990,000K ÷ ($1,438,000K – $1,543,000K)
= —
The working capital turnover ratio for ODP Corp has shown a substantial increase over the years, reflecting an improvement in the efficiency of utilizing its working capital to generate sales.
- As of December 31, 2020, the working capital turnover ratio stood at 37.06, indicating that the company was generating $37.06 in sales for every dollar of working capital invested.
- By December 31, 2021, the ratio rose significantly to 68.27, suggesting that the company was able to generate even more sales per unit of working capital.
- The most significant jump in efficiency was seen by December 31, 2022, with a working capital turnover ratio of 166.49, indicating a substantial increase in sales generated per dollar of working capital.
- However, the data for December 31, 2023, and December 31, 2024 are not available (indicated by "—"), which could be due to various reasons such as a change in reporting practices or timing of financial data disclosure.
Overall, the trend in the working capital turnover ratio for ODP Corp reflects an increasing efficiency in managing its working capital resources to drive sales growth, though it is important to consider additional information to fully evaluate the company's financial performance.
Peer comparison
Dec 31, 2024