United Rentals Inc (URI)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,345,000 | 14,332,000 | 11,642,000 | 9,716,000 | 8,530,000 |
| Total current assets | US$ in thousands | 3,249,000 | 2,933,000 | 2,723,000 | 2,151,000 | 2,017,000 |
| Total current liabilities | US$ in thousands | 3,323,000 | 3,637,000 | 2,445,000 | 2,603,000 | 1,890,000 |
| Working capital turnover | — | — | 41.88 | — | 67.17 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $15,345,000K ÷ ($3,249,000K – $3,323,000K)
= —
United Rentals Inc's working capital turnover has shown fluctuations over the years. In 2020, the working capital turnover ratio was 67.17, indicating that the company efficiently managed its working capital to generate sales revenue. However, the ratio was not provided for 2021. In 2022, the working capital turnover ratio decreased to 41.88, suggesting a decline in the efficiency of the company's working capital management. Moreover, data for 2023 and 2024 is unavailable, making it challenging to assess the trend in working capital turnover for those years. It is essential for United Rentals Inc to closely monitor and optimize its working capital turnover to improve operational efficiency and financial performance in the future.
Peer comparison
Dec 31, 2024