Visteon Corp (VC)
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 | 3,954,000 | 4,022,000 | 4,036,000 | 3,902,000 | 3,756,000 | 3,478,000 | 3,083,000 | 2,846,000 | 2,774,000 | 2,768,000 | 2,886,000 | 2,649,000 | 2,548,000 | 2,505,000 | 2,489,000 | 2,851,000 | 2,945,000 | 2,932,000 | 2,882,000 | 2,907,000 |
| Total current assets | US$ in thousands | 1,616,000 | 1,622,000 | 1,597,000 | 1,664,000 | 1,710,000 | 1,594,000 | 1,399,000 | 1,451,000 | 1,424,000 | 1,233,000 | 1,244,000 | 1,292,000 | 1,341,000 | 1,268,000 | 1,426,000 | 1,583,000 | 1,345,000 | 1,287,000 | 1,283,000 | 1,283,000 |
| Total current liabilities | US$ in thousands | 931,000 | 948,000 | 911,000 | 964,000 | 1,035,000 | 980,000 | 801,000 | 849,000 | 852,000 | 711,000 | 755,000 | 775,000 | 824,000 | 788,000 | 598,000 | 729,000 | 798,000 | 762,000 | 762,000 | 739,000 |
| Working capital turnover | 5.77 | 5.97 | 5.88 | 5.57 | 5.56 | 5.66 | 5.16 | 4.73 | 4.85 | 5.30 | 5.90 | 5.12 | 4.93 | 5.22 | 3.01 | 3.34 | 5.38 | 5.58 | 5.53 | 5.34 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,954,000K ÷ ($1,616,000K – $931,000K)
= 5.77
Visteon Corp.'s working capital turnover has shown stability and improvement over the past eight quarters, ranging from 4.73 to 5.98. The company's efficiency in utilizing its working capital to generate sales revenue has been consistently strong, with a peak of 5.98 in Q3 2023. The trend indicates that Visteon Corp. has been effectively managing its current assets and liabilities to support its operational activities and drive revenue growth. Higher working capital turnover ratios suggest that the company is efficiently utilizing its resources to generate sales, which is a positive indicator of its financial health and operational efficiency. Overall, Visteon Corp. demonstrates strong working capital management, which is fundamental for sustaining business operations and fueling growth.
Peer comparison
Dec 31, 2023