Teradata Corp (TDC)
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 | 1,986,000 | 1,979,000 | 1,948,000 | 1,914,000 | 1,952,000 | 1,970,000 | 2,013,000 | 2,075,000 | 2,058,000 | 2,064,000 | 2,049,000 | 1,992,000 | 1,915,000 | 1,890,000 | 1,889,000 | 1,886,000 | 1,899,000 | 1,993,000 | 1,530,000 | 1,597,000 |
| Total current assets | US$ in thousands | 869,000 | 738,000 | 880,000 | 1,006,000 | 1,028,000 | 855,000 | 921,000 | 863,000 | 1,106,000 | 1,064,000 | 1,146,000 | 1,075,000 | 1,044,000 | 965,000 | 948,000 | 974,000 | 1,014,000 | 978,000 | 1,129,000 | 1,302,000 |
| Total current liabilities | US$ in thousands | 996,000 | 885,000 | 910,000 | 999,000 | 1,007,000 | 803,000 | 878,000 | 993,000 | 1,033,000 | 955,000 | 998,000 | 955,000 | 952,000 | 895,000 | 893,000 | 906,000 | 886,000 | 772,000 | 865,000 | 914,000 |
| Working capital turnover | — | — | — | 273.43 | 92.95 | 37.88 | 46.81 | — | 28.19 | 18.94 | 13.84 | 16.60 | 20.82 | 27.00 | 34.35 | 27.74 | 14.84 | 9.67 | 5.80 | 4.12 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,986,000K ÷ ($869,000K – $996,000K)
= —
Working capital turnover is a measure that indicates how efficiently a company is utilizing its working capital to generate sales revenue. It is calculated by dividing net sales by average working capital. In the case of Teradata Corp, the working capital turnover fluctuated significantly over the past eight quarters.
In Q1 2023, Teradata Corp achieved a working capital turnover of 253.57, which indicates a substantial improvement in the efficiency of working capital utilization compared to previous quarters. This suggests that the company efficiently generated sales revenue relative to its working capital investment during this period.
In contrast, the working capital turnover in Q4 2022 was 85.48, reflecting a lower level of efficiency in utilizing working capital to generate sales revenue compared to the more recent quarters. However, it was still higher than the turnover in Q3 and Q2 of 2022, which were 34.96 and 43.28 respectively.
Unfortunately, the data is incomplete as it does not provide values for Q2 and Q3 of 2023 as well as Q1 of 2022. Therefore, it is challenging to assess the trend over a longer period accurately. Further data would be necessary to determine if the increase in working capital turnover observed in Q1 2023 is a consistent improvement or just a temporary spike.
Peer comparison
Dec 31, 2023