PHINIA Inc. (PHIN)

Working capital turnover

Dec 31, 2024 Dec 31, 2023
Revenue US$ in thousands 3,415,000 3,500,000
Total current assets US$ in thousands 1,841,000 1,927,000
Total current liabilities US$ in thousands 969,000 1,148,000
Working capital turnover 3.92 4.49

December 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,415,000K ÷ ($1,841,000K – $969,000K)
= 3.92