Qualcomm Incorporated (QCOM)

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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	36,292,000	35,820,000	38,584,000	41,069,000	42,958,000	44,200,000	42,141,000	39,265,000	36,036,000	33,566,000	32,576,000	29,409,000	26,690,000	23,532,000	20,000,000	24,742,000	24,508,000	24,273,000	25,237,000	21,179,000
Total current assets	US$ in thousands	23,439,000	22,464,000	20,476,000	19,073,000	21,098,000	20,724,000	18,999,000	21,610,000	20,222,000	20,075,000	19,693,000	18,299,000	19,792,000	18,519,000	15,558,000	15,313,000	16,205,000	16,765,000	19,204,000	16,324,000
Total current liabilities	US$ in thousands	9,169,000	9,628,000	8,463,000	7,866,000	10,081,000	11,866,000	11,829,000	13,432,000	12,273,000	11,951,000	11,460,000	9,070,000	9,223,000	8,672,000	7,914,000	9,774,000	9,194,000	8,935,000	10,853,000	10,517,000
Working capital turnover		2.54	2.79	3.21	3.66	3.90	4.99	5.88	4.80	4.53	4.13	3.96	3.19	2.53	2.39	2.62	4.47	3.50	3.10	3.02	3.65

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $36,292,000K ÷ ($23,439,000K – $9,169,000K)
= 2.54

Working capital turnover is a financial ratio that indicates how efficiently a company is using its working capital to generate revenue. The working capital turnover for Qualcomm Incorporated has varied over the past several quarters, ranging from a low of 2.39 to a high of 5.88.

The trend of the working capital turnover ratio for Qualcomm Incorporated has shown fluctuations over time. In general, a higher working capital turnover ratio is preferred as it indicates that the company is effectively using its current assets to support its operations and generate sales.

In the most recent quarter, the working capital turnover ratio was 2.54, which suggests that Qualcomm Incorporated generated $2.54 in revenue for every dollar of working capital it employed during that period. This ratio has decreased compared to the previous quarter, indicating a potential inefficiency in utilizing working capital.

Overall, Qualcomm Incorporated's working capital turnover ratio has shown fluctuations, but it is essential for the company to maintain an optimal level of working capital turnover to ensure efficient operations and maximize revenue generation.