ODP Corp (ODP)
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 | 6,992,000 | 7,174,000 | 7,403,000 | 7,594,000 | 7,831,000 | 8,131,000 | 8,294,000 | 8,420,000 | 8,490,000 | 8,426,000 | 8,433,000 | 8,685,000 | 8,873,000 | 9,119,000 | 9,479,000 | 9,351,000 | 9,710,000 | 9,930,000 | 10,173,000 | 10,603,000 |
| Total current assets | US$ in thousands | 1,438,000 | 1,538,000 | 1,476,000 | 1,524,000 | 1,678,000 | 1,754,000 | 1,738,000 | 1,813,000 | 1,910,000 | 2,108,000 | 2,011,000 | 2,053,000 | 2,389,000 | 2,876,000 | 2,411,000 | 2,444,000 | 2,355,000 | 2,480,000 | 2,525,000 | 2,700,000 |
| Total current liabilities | US$ in thousands | 1,543,000 | 1,667,000 | 1,642,000 | 1,624,000 | 1,693,000 | 1,760,000 | 1,782,000 | 1,845,000 | 1,859,000 | 1,893,000 | 1,903,000 | 1,966,000 | 2,265,000 | 2,181,000 | 2,100,000 | 2,129,000 | 2,093,000 | 2,287,000 | 2,135,000 | 2,345,000 |
| Working capital turnover | — | — | — | — | — | — | — | — | 166.47 | 39.19 | 78.08 | 99.83 | 71.56 | 13.12 | 30.48 | 29.69 | 37.06 | 51.45 | 26.08 | 29.87 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $6,992,000K ÷ ($1,438,000K – $1,543,000K)
= —
Working capital turnover measures how efficiently a company is utilizing its working capital to generate sales revenue. A higher working capital turnover ratio indicates better efficiency in managing working capital.
Based on the provided data for ODP Corp, the working capital turnover has shown fluctuations over the reported periods. The ratio was at a relatively high level in December 2021 and March 2022, indicating efficient utilization of working capital to generate sales during those periods. On the other hand, the ratio dropped significantly in September 2021, suggesting a decrease in efficiency in utilizing working capital.
It is important for ODP Corp to closely monitor its working capital turnover to ensure optimal management of its working capital resources. By maintaining a balance between working capital levels and sales generation, ODP Corp can improve its overall financial performance and profitability in the long term.
Peer comparison
Dec 31, 2024