AT&T Inc (T)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 122,428,000 | 120,741,000 | 134,038,000 | 143,050,000 | 181,193,000 |
| Total current assets | US$ in thousands | 36,458,000 | 33,108,000 | 170,768,000 | 52,008,000 | 54,761,000 |
| Total current liabilities | US$ in thousands | 51,127,000 | 56,173,000 | 106,230,000 | 63,438,000 | 68,911,000 |
| Working capital turnover | — | — | 2.08 | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $122,428,000K ÷ ($36,458,000K – $51,127,000K)
= —
To calculate the working capital turnover ratio, we need the formula, which is:
Working Capital Turnover = Net Sales / Average Working Capital
However, since the specific data for working capital or net sales is not provided in the table, we are unable to compute the working capital turnover ratio for AT&T, Inc. for the years 2019 to 2023.
The working capital turnover ratio indicates how efficiently a company is using its working capital to generate sales. A higher ratio typically signifies more effective utilization of working capital in generating revenue, while a lower ratio may indicate inefficiency in managing working capital.
To perform a comprehensive analysis of AT&T, Inc.'s working capital turnover, we would need access to detailed financial statements to calculate the ratio and assess trends over the years in order to provide insights into the company's operational efficiency in converting its working capital into sales.
Peer comparison
Dec 31, 2023