Verisk Analytics Inc (VRSK)

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	2,577,100	2,105,700	2,168,700	2,240,100	2,359,000	2,906,100	2,924,100	2,925,600	2,872,300	2,815,400	2,753,200	2,681,700	2,665,800	2,626,400	2,581,000	2,558,500	2,476,400	2,316,300	2,293,500	2,272,700
Total current assets	US$ in thousands	810,100	928,200	854,800	790,800	925,100	918,400	1,186,600	1,119,400	907,400	934,100	918,700	1,041,600	794,200	799,700	878,700	814,000	744,900	831,000	710,300	734,900
Total current liabilities	US$ in thousands	771,400	784,100	800,800	890,100	2,319,200	1,980,300	2,112,500	2,404,600	1,848,000	1,843,100	1,493,900	1,622,900	1,430,800	1,422,900	1,490,300	1,597,900	1,491,800	973,600	920,800	1,058,400
Working capital turnover		66.59	14.61	40.16	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

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

The working capital turnover for Verisk Analytics Inc fluctuated over the past eight quarters. In Q4 2023, the company achieved a high working capital turnover of 69.29, indicating that it generated $69.29 in revenue for every dollar of working capital invested. This was a significant improvement compared to the previous quarter, Q3 2023, where the ratio was 15.50.

In Q2 2023, the working capital turnover was 42.63, showing another strong performance. However, data for Q1 2023 is missing, making it challenging to analyze the trend accurately.

Overall, Verisk Analytics Inc has shown effectiveness in utilizing its working capital to generate revenue in recent quarters, with a particularly notable improvement in Q4 2023 compared to the previous quarter. Monitoring this ratio consistently can provide insights into the company's operational efficiency and financial performance.