Shutterstock (SSTK)

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	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	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	649,328	645,029	637,492	631,122
Total current assets	US$ in thousands	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	376,980	363,977	333,111	320,968
Total current liabilities	US$ in thousands	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	245,894	247,858	228,818	232,210
Working capital turnover		—	—	—	—	—	—	—	22.02	14.15	12.38	3.55	3.91	2.86	3.17	4.09	4.71	4.95	5.55	6.11	7.11

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $875,466K ÷ ($292,573K – $452,386K)
= —

Based on the data provided, Shutterstock Inc did not report the working capital turnover ratio for Q4 2022, Q1 2023, Q2 2023, Q3 2023, or Q4 2023. However, in Q1 2022, the working capital turnover ratio was reported at 22.03, indicating that the company generated $22.03 of revenue for every dollar of working capital invested during that period.

The lack of data for the other periods makes it challenging to track the trend of working capital turnover over time. It is recommended that ongoing monitoring and comparison of this ratio with industry benchmarks be conducted to assess the efficiency of Shutterstock Inc's working capital management and its ability to generate revenue from its working capital investments.