Otis Worldwide Corp (OTIS)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,059,000 | 13,542,000 | 14,162,000 | 12,634,000 |
| Total current assets | US$ in thousands | 6,400,000 | 6,143,000 | 8,261,000 | 6,493,000 |
| Total current liabilities | US$ in thousands | 6,479,000 | 6,843,000 | 6,247,000 | 6,673,000 |
| Working capital turnover | — | — | 7.03 | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $14,059,000K ÷ ($6,400,000K – $6,479,000K)
= —
Otis Worldwide Corp's working capital turnover has shown inconsistency over the past five years based on the available data. In 2021, the working capital turnover was 7.10, indicating that the company generated $7.10 in sales for every dollar of working capital invested. This figure dropped significantly in 2019 to 46.19, suggesting a much higher efficiency in utilizing working capital to generate sales during that period. However, specific values for the other years are unavailable, making it challenging to assess the trend or draw definitive conclusions about the company's performance in this aspect. Further analysis with additional data points would provide a more robust understanding of Otis Worldwide Corp's working capital management efficiency.
Peer comparison
Dec 31, 2023