Sabre Corpo (SABR)

Working capital turnover

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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 3,029,565 3,001,894 2,977,641 2,947,929 2,907,738 2,851,864 2,774,797 2,694,800 2,537,015 2,406,473 2,184,165 1,946,301 1,688,875 1,501,952 1,339,231 1,002,607 1,334,100 1,961,808 2,667,642 3,584,608
Total current assets US$ in thousands 1,163,220 1,196,020 1,166,420 1,226,810 1,158,590 1,195,830 1,345,760 1,442,380 1,361,490 1,392,660 1,586,380 1,678,420 1,402,270 1,512,280 1,599,230 1,732,840 1,888,100 2,088,250 1,736,460 1,195,620
Total current liabilities US$ in thousands 1,141,780 1,173,140 1,085,880 892,740 914,713 907,757 899,311 863,656 815,571 737,648 745,489 694,529 716,505 681,419 659,786 641,974 621,943 688,716 764,411 968,329
Working capital turnover 141.30 131.20 36.97 8.82 11.92 9.90 6.22 4.66 4.65 3.67 2.60 1.98 2.46 1.81 1.43 0.92 1.05 1.40 2.74 15.77

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,029,565K ÷ ($1,163,220K – $1,141,780K)
= 141.30

Working capital turnover is a financial ratio that indicates how efficiently a company is utilizing its working capital to generate sales. It is calculated by dividing net sales by average working capital.

Analyzing the working capital turnover of Sabre Corpo reveals a fluctuating trend over the periods provided. The ratio started high at 15.77 on March 31, 2020, indicating that the company was effectively using its working capital to generate sales. However, there was a significant drop in the ratio to 1.05 by December 31, 2020, suggesting a less efficient utilization of working capital.

Subsequently, there were fluctuations in the ratio over the following quarters but generally remained low until the end of June 2022. A notable increase appeared in the ratio for the next few quarters, reaching a peak of 141.30 by December 31, 2024. This surge in the ratio indicates a significant improvement in the efficiency of working capital utilization during this period.

Overall, the trend in Sabre Corpo's working capital turnover depicts varying levels of efficiency in managing working capital to generate sales, with periods of both high and low performance. Investors and stakeholders should closely monitor this ratio to assess the company's operational efficiency and financial health.