VeriSign Inc (VRSN)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,557,400 | 1,493,100 | 1,424,900 | 1,327,600 | 1,265,100 |
| Total current assets | US$ in thousands | 663,800 | 988,300 | 1,038,700 | 1,268,700 | 1,217,940 |
| Total current liabilities | US$ in thousands | 1,531,100 | 1,188,500 | 1,116,900 | 1,074,000 | 988,693 |
| Working capital turnover | — | — | — | 6.82 | 5.52 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,557,400K ÷ ($663,800K – $1,531,100K)
= —
The working capital turnover for VeriSign Inc has shown a positive trend over the years, increasing from 5.52 in December 31, 2020, to 6.82 in December 31, 2021. This indicates that the company is managing its working capital more efficiently, generating more revenue relative to its working capital. However, the absence of data for the subsequent years (2022, 2023, 2024) limits a more comprehensive analysis of the trend. Nonetheless, the increase in working capital turnover is generally a positive sign of operational efficiency and effective management of working capital resources by VeriSign Inc during the period analyzed.
Peer comparison
Dec 31, 2024