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.