Solventum Corp. (SOLV)
Working capital turnover
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 8,208,500 | 8,236,000 | 8,146,000 | 8,101,000 | 8,115,500 | |||
| Total current assets | US$ in thousands | 3,359,000 | 2,916,000 | 2,656,000 | 2,718,000 | 61,000 | 2,231,000 | — | — |
| Total current liabilities | US$ in thousands | 1,854,000 | 1,771,000 | 1,471,000 | 1,412,000 | 1,382,000 | 1,311,000 | — | — |
| Working capital turnover | 5.45 | 7.19 | 6.87 | 6.20 | — |
March 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $8,208,500K ÷ ($3,359,000K – $1,854,000K)
= 5.45
The working capital turnover ratio for Solventum Corp. has been fluctuating over the past few quarters. In March 2024, the ratio was 5.45, which indicates that the company generated $5.45 in revenue for each dollar of working capital during that period.
Compared to the previous quarters, the working capital turnover ratio was 7.19 in December 2023, 6.87 in September 2023, and 6.20 in June 2023. These figures suggest that the company was more efficient in generating revenue from its working capital at the end of 2023 compared to the start of 2024.
It is important to note that there is no data available for the working capital turnover ratio in the earlier periods of December 2022 and September 2022, making it challenging to provide a complete trend analysis. However, based on the available data, Solventum Corp. seems to have experienced fluctuations in its working capital efficiency over the past quarters. Further investigation into the company's working capital management practices and overall financial performance may be necessary to better understand these fluctuations.
Peer comparison
Mar 31, 2024