Shutterstock (SSTK)
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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 932,869 | 902,216 | 882,354 | 872,467 | 875,466 | 876,879 | 847,509 | 842,783 | 826,489 | 812,053 | 802,190 | 789,207 | 770,112 | 745,582 | 716,961 | 685,134 | 665,050 | 650,477 | 644,873 | 646,683 |
| Total current assets | US$ in thousands | 255,958 | 277,382 | 240,847 | 258,899 | 292,573 | 269,465 | 273,415 | 178,900 | 215,671 | 161,052 | 163,256 | 339,719 | 388,215 | 375,676 | 484,417 | 440,588 | 489,070 | 450,661 | 386,491 | 369,696 |
| Total current liabilities | US$ in thousands | 625,286 | 663,365 | 432,331 | 432,977 | 452,386 | 424,264 | 407,565 | 313,462 | 383,734 | 360,073 | 367,951 | 303,886 | 333,784 | 315,454 | 282,536 | 265,323 | 256,929 | 245,230 | 228,882 | 232,306 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | 22.02 | 14.15 | 12.38 | 3.55 | 3.91 | 2.86 | 3.17 | 4.09 | 4.71 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $932,869K ÷ ($255,958K – $625,286K)
= —
Working capital turnover is a financial ratio that indicates how efficiently a company is utilizing its working capital to generate sales revenue.
Analyzing the trend of Shutterstock's working capital turnover over the provided periods, we observe the following:
- March 31, 2020: 4.71
- June 30, 2020: 4.09
- September 30, 2020: 3.17
- December 31, 2020: 2.86
- March 31, 2021: 3.91
- June 30, 2021: 3.55
- September 30, 2021: 12.38
- December 31, 2021: 14.15
- March 31, 2022: 22.02
- June 30, 2022: Data not available
- September 30, 2022: Data not available
- December 31, 2022: Data not available
- March 31, 2023: Data not available
- June 30, 2023: Data not available
- September 30, 2023: Data not available
- December 31, 2023: Data not available
- March 31, 2024: Data not available
- June 30, 2024: Data not available
- September 30, 2024: Data not available
- December 31, 2024: Data not available
Initially, there is a decreasing trend in the working capital turnover from March 2020 to December 2021, which may indicate that the company was less efficient in utilizing its working capital during this period.
However, a notable improvement is observed from March 31, 2022, onwards, with a significant increase in the working capital turnover ratio. This surge in the ratio suggests that the company significantly improved its efficiency in utilizing working capital to generate sales revenue during this period.
It is important to monitor future data points to assess the sustainability of this upward trend in working capital turnover and its implications for Shutterstock's overall operational efficiency and financial performance.
Peer comparison
Dec 31, 2024