Sylvamo Corp (SLVM)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,773,000 | 3,721,000 | 3,628,000 | 3,502,000 | 3,009,000 |
| Total current assets | US$ in thousands | 1,063,000 | 1,193,000 | 1,243,000 | 1,108,000 | 1,119,000 |
| Total current liabilities | US$ in thousands | 682,000 | 695,000 | 728,000 | 758,000 | 490,000 |
| Working capital turnover | 9.90 | 7.47 | 7.04 | 10.01 | 4.78 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,773,000K ÷ ($1,063,000K – $682,000K)
= 9.90
The working capital turnover of Sylvamo Corp has shown an increasing trend over the years, from 4.78 in 2020 to 10.01 in 2021, before stabilizing around 7 to 9 in the subsequent years. This indicates that the company has improved its efficiency in utilizing its working capital to generate revenue. A higher turnover ratio signifies that Sylvamo is effectively utilizing its current assets to support sales activities. However, it's important to note that a very high turnover ratio could also indicate aggressive sales practices or tight liquidity management. Overall, the trend suggests that Sylvamo Corp has been managing its working capital efficiently to support its operations and growth.
Peer comparison
Dec 31, 2024