Sealed Air Corporation (SEE)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,392,600 | 5,488,900 | 5,641,900 | 5,533,800 | 4,903,200 |
| Total current assets | US$ in thousands | 1,891,800 | 1,963,300 | 2,116,800 | 2,069,600 | 1,881,500 |
| Total current liabilities | US$ in thousands | 1,635,500 | 1,509,000 | 2,081,800 | 2,007,300 | 1,367,400 |
| Working capital turnover | 21.04 | 12.08 | 161.20 | 88.83 | 9.54 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $5,392,600K ÷ ($1,891,800K – $1,635,500K)
= 21.04
Sealed Air Corporation's working capital turnover has experienced significant fluctuations over the years. The ratio stood at 9.54 in December 31, 2020, indicating that the company generated $9.54 in revenue for every dollar of working capital invested.
By December 31, 2021, the working capital turnover ratio surged to 88.83, showcasing a substantial improvement in working capital efficiency. This indicates that Sealed Air was able to generate $88.83 in revenue for every dollar of working capital deployed during that period.
In December 31, 2022, the ratio further increased to 161.20, reflecting even higher efficiency in the utilization of working capital to generate revenue. This implies that Sealed Air significantly enhanced its ability to generate sales with lower working capital investment.
However, the ratio dropped to 12.08 by December 31, 2023, indicating a decrease in working capital efficiency compared to the previous year. This dip may suggest challenges in effectively utilizing working capital to generate revenue during that period.
Subsequently, by December 31, 2024, the working capital turnover ratio improved to 21.04, signifying a recovery in working capital efficiency. Overall, Sealed Air's working capital turnover has displayed fluctuations over the years, with periods of both efficiency and challenges in effectively utilizing working capital to generate revenue.
Peer comparison
Dec 31, 2024