SolarWinds Corp (SWI)
Working capital turnover
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Revenue | US$ in thousands | 796,895 | 758,740 | 719,367 | 718,632 | 716,770 |
Total current assets | US$ in thousands | 403,506 | 421,327 | 307,393 | 858,840 | 512,733 |
Total current liabilities | US$ in thousands | 475,262 | 468,808 | 456,633 | 413,877 | 491,204 |
Working capital turnover | — | — | — | 1.62 | 33.29 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $796,895K ÷ ($403,506K – $475,262K)
= —
The working capital turnover ratio for SolarWinds Corp exhibited a significant decline over the years, from 33.29 in December 2020 to 1.62 in December 2021. This reduction indicates a decrease in the efficiency of the company's working capital management during this period. The lack of data available for the subsequent years may suggest a change in reporting practices or potentially a stabilization in the working capital turnover ratio at levels not provided in the dataset.
Overall, the substantial drop in the working capital turnover ratio from 2020 to 2021 raises concerns about the company's ability to efficiently utilize its working capital to support its operations and generate revenue. Further insights into the company's financial performance and operational efficiency would be necessary to fully understand the underlying reasons behind this trend.
Peer comparison
Dec 31, 2024