Otis Worldwide Corp (OTIS)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,261,000 | 14,059,000 | 13,542,000 | 14,162,000 | 12,634,000 |
| Total current assets | US$ in thousands | 7,670,000 | 6,400,000 | 6,143,000 | 8,261,000 | 6,493,000 |
| Total current liabilities | US$ in thousands | 7,749,000 | 6,479,000 | 6,843,000 | 6,247,000 | 6,673,000 |
| Working capital turnover | — | — | — | 7.03 | — |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $14,261,000K ÷ ($7,670,000K – $7,749,000K)
= —
The working capital turnover ratio for Otis Worldwide Corp provides insight into how efficiently the company is utilizing its working capital to generate sales revenue.
Based on the data provided:
- As of December 31, 2020, the working capital turnover ratio is not available (indicated by "\u2014").
- As of December 31, 2021, the working capital turnover ratio is 7.03.
- For the subsequent years (2022, 2023, and 2024), the working capital turnover ratio data is not available (indicated by "\u2014").
The working capital turnover ratio of 7.03 as of December 31, 2021 indicates that Otis Worldwide Corp generated $7.03 in sales revenue for every dollar of working capital invested during that period.
However, the absence of data for the other years makes it challenging to assess the trend in the company's working capital efficiency over time. Additional information and data points would be needed to conduct a more in-depth analysis of the company's working capital turnover performance.
Peer comparison
Dec 31, 2024