Sylvamo Corp (SLVM)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,705,000 | 3,657,000 | 3,719,000 | 3,707,000 | 3,716,000 | 3,761,000 | 3,709,000 | |||
| Total current assets | US$ in thousands | 1,193,000 | 1,186,000 | 1,161,000 | 1,209,000 | 1,243,000 | 1,409,000 | 1,345,000 | 1,173,000 | 1,108,000 | 1,019,000 |
| Total current liabilities | US$ in thousands | 695,000 | 674,000 | 667,000 | 726,000 | 728,000 | 1,029,000 | 884,000 | 687,000 | 758,000 | 784,000 |
| Working capital turnover | 7.44 | 7.14 | 7.53 | 7.67 | 7.22 | 9.90 | 8.05 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,705,000K ÷ ($1,193,000K – $695,000K)
= 7.44
The working capital turnover ratio of Sylvamo Corp has been relatively consistent and stable over the five quarters reported. The company generated working capital turnover ratios of 7.47, 6.93, 7.32, 7.47, and 7.04 in Q4 2023, Q3 2023, Q2 2023, Q1 2023, and Q4 2022, respectively.
This indicates that Sylvamo Corp efficiently utilizes its working capital to generate sales revenue. A higher working capital turnover ratio signifies that the company is able to efficiently manage its working capital to support its operations. In Sylvamo Corp's case, the consistent range of working capital turnover ratios above 7 suggests that the company effectively utilizes its working capital to generate revenues over the quarters analyzed.
Overall, the stable and relatively high working capital turnover ratios suggest that Sylvamo Corp efficiently manages its working capital to support its business operations and generate sales revenue.
Peer comparison
Dec 31, 2023