Sylvamo Corp (SLVM)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,773,000 | 3,767,000 | 3,699,000 | 3,685,000 | 3,739,000 | 3,702,000 | 3,773,000 | 3,766,000 | 3,784,000 | 3,829,000 | 3,769,000 | 3,552,000 | 3,353,000 | 3,177,000 | 3,007,000 | 3,049,500 | 3,009,000 |
| Total current assets | US$ in thousands | 1,063,000 | 1,229,000 | 1,100,000 | 1,115,000 | 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 | 1,314,000 | 95,000 | 1,119,000 |
| Total current liabilities | US$ in thousands | 682,000 | 714,000 | 654,000 | 649,000 | 695,000 | 674,000 | 667,000 | 726,000 | 728,000 | 1,029,000 | 884,000 | 687,000 | 758,000 | 784,000 | 541,000 | 541,000 | 490,000 |
| Working capital turnover | 9.90 | 7.31 | 8.29 | 7.91 | 7.51 | 7.23 | 7.64 | 7.80 | 7.35 | 10.08 | 8.18 | 7.31 | 9.58 | 13.52 | 3.89 | — | 4.78 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,773,000K ÷ ($1,063,000K – $682,000K)
= 9.90
Sylvamo Corp's working capital turnover ratio, which measures the efficiency of the company in utilizing its working capital to generate sales revenue, varied over the period under consideration.
The ratio increased from 4.78 as of December 31, 2020, to a peak of 13.52 as of September 30, 2021, indicating a significant improvement in the company's ability to generate revenue from its working capital during that period. Subsequently, the ratio fluctuated, with values ranging from 3.89 to 10.08, showing some variability in the efficiency of working capital utilization.
Overall, the working capital turnover ratio for Sylvamo Corp remained relatively stable around an average value of approximately 7.94 over the period, reflecting a solid performance in converting working capital into sales during the analyzed timeframe. Further monitoring of this ratio can provide insights into the company's ongoing operational efficiency and financial health.
Peer comparison
Dec 31, 2024