Verisk Analytics Inc (VRSK)

Working capital turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	2,577,100	2,359,100	2,871,900	2,646,100	2,477,000
Total current assets	US$ in thousands	810,100	925,100	907,400	794,200	744,900
Total current liabilities	US$ in thousands	771,400	2,319,200	1,848,000	1,430,800	1,491,800
Working capital turnover		66.59	—	—	—	—

December 31, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,577,100K ÷ ($810,100K – $771,400K)
= 66.59

The working capital turnover for Verisk Analytics Inc was 69.29 as of December 31, 2023. This indicates that the company generated 69.29 times its working capital in revenue during the year. A high working capital turnover ratio is generally favorable as it suggests efficient utilization of working capital to generate sales. However, the lack of data for the previous years makes it difficult to compare the company's performance over time or against industry averages. It would be helpful to track this ratio over multiple periods to assess the company's ability to effectively manage its working capital and generate revenue.