SanDisk Corp (SNDK)
Working capital turnover
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,564,870 | 6,627,700 | 6,170,000 | 5,052,510 | 4,826,810 |
| Total current assets | US$ in thousands | 5,659,790 | 4,200,120 | 4,650,720 | 4,606,360 | — |
| Total current liabilities | US$ in thousands | 2,003,480 | 2,190,880 | 1,230,580 | 1,881,670 | 1,093,370 |
| Working capital turnover | 1.52 | 3.30 | 1.80 | 1.85 | — |
December 31, 2015 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $5,564,870K ÷ ($5,659,790K – $2,003,480K)
= 1.52
The working capital turnover ratio for SanDisk Corp has shown fluctuations over the years. In 2012 and 2013, the company had a working capital turnover of 1.85 and 1.80 respectively, indicating that the company was able to turn over its working capital approximately 1.8 times during those years.
In 2014, there was a significant improvement with a working capital turnover of 3.30, suggesting that the company efficiently managed its working capital and was able to turn it over more than three times during that year. However, in 2015, there was a decline in the ratio to 1.52, indicating a decrease in the efficiency of working capital management.
Overall, the working capital turnover ratio for SanDisk Corp has shown mixed performance, with fluctuations in efficiency in managing its working capital over the years. It is essential for the company to closely monitor and improve its working capital turnover to ensure optimal utilization of resources and financial stability.
Peer comparison
Dec 31, 2015