Texas Instruments Incorporated (TXN)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 15,641,000 | 15,711,000 | 16,092,000 | 16,801,000 | 17,519,000 | 18,112,000 | 18,821,000 | 19,502,000 | 20,028,000 | 20,190,000 | 19,592,000 | 18,960,000 | 18,344,000 | 17,588,000 | 16,762,000 | 15,421,000 | 14,461,000 | 13,735,000 | 13,689,000 | 14,118,000 |
| Total current assets | US$ in thousands | 15,026,000 | 15,872,000 | 16,789,000 | 17,448,000 | 15,122,000 | 15,097,000 | 15,514,000 | 15,023,000 | 14,021,000 | 13,772,000 | 13,043,000 | 14,010,000 | 13,685,000 | 13,585,000 | 11,177,000 | 10,405,000 | 10,239,000 | 9,259,000 | 8,488,000 | 8,310,000 |
| Total current liabilities | US$ in thousands | 3,643,000 | 3,686,000 | 3,637,000 | 3,553,000 | 3,320,000 | 2,652,000 | 2,711,000 | 2,904,000 | 2,985,000 | 2,798,000 | 2,560,000 | 2,528,000 | 2,569,000 | 2,413,000 | 2,201,000 | 1,700,000 | 2,390,000 | 2,185,000 | 2,163,000 | 2,381,000 |
| Working capital turnover | 1.37 | 1.29 | 1.22 | 1.21 | 1.48 | 1.46 | 1.47 | 1.61 | 1.81 | 1.84 | 1.87 | 1.65 | 1.65 | 1.57 | 1.87 | 1.77 | 1.84 | 1.94 | 2.16 | 2.38 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $15,641,000K ÷ ($15,026,000K – $3,643,000K)
= 1.37
The working capital turnover of Texas Instruments Incorporated has exhibited a declining trend from March 31, 2020, to December 31, 2024. The ratio, measuring the efficiency with which the company utilizes its working capital to generate sales, decreased from 2.38 to 1.37 during this period. A decrease in working capital turnover can indicate that the company is becoming less efficient in managing its working capital to support its revenue generation activities. It suggests that Texas Instruments may be holding onto its working capital for longer periods, potentially impacting its ability to fund day-to-day operations. Further analysis would be needed to understand the factors contributing to this decline and evaluate the company's overall financial performance.
Peer comparison
Dec 31, 2024
See also:
Texas Instruments Incorporated Working Capital Turnover (Quarterly Data)