Otis Worldwide Corp (OTIS)
Working capital turnover
| 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 | 14,059,000 | 13,883,000 | 13,708,000 | 13,478,000 | 13,542,000 | 13,664,000 | 13,942,000 | 14,163,000 | 14,162,000 | 14,130,000 | 13,772,000 | 13,086,000 | 12,676,000 | |||
| Total current assets | US$ in thousands | 6,400,000 | 6,749,000 | 6,417,000 | 6,153,000 | 6,143,000 | 5,829,000 | 6,150,000 | 7,844,000 | 8,261,000 | 6,375,000 | 6,681,000 | 6,346,000 | 6,493,000 | 6,271,000 | 6,392,000 | 5,514,000 |
| Total current liabilities | US$ in thousands | 6,479,000 | 6,749,000 | 7,158,000 | 6,823,000 | 6,843,000 | 5,992,000 | 6,338,000 | 6,651,000 | 6,247,000 | 6,363,000 | 6,716,000 | 6,395,000 | 6,673,000 | 6,291,000 | 5,762,000 | 5,355,000 |
| Working capital turnover | — | — | — | — | — | — | — | 11.87 | 7.03 | 1,177.50 | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $14,059,000K ÷ ($6,400,000K – $6,479,000K)
= —
The working capital turnover for Otis Worldwide Corp was not provided for Q4 2023, Q3 2023, Q2 2023, and Q1 2023. However, in Q1 2022, the working capital turnover was reported as 8.93. This indicates that, on average, Otis Worldwide Corp generated $8.93 in net sales revenue for every dollar of working capital invested in its operations during that period. It is important to note the absence of data for the other quarters in 2023, which limits our ability to assess any potential trends or fluctuations in the company's efficiency in utilizing its working capital during those periods.
Peer comparison
Dec 31, 2023