VeriSign Inc (VRSN)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,557,400 | 1,542,400 | 1,528,100 | 1,513,000 | 1,493,100 | 1,481,900 | 1,462,500 | 1,442,400 | 1,424,900 | 1,396,000 | 1,373,400 | 1,350,900 | 1,327,600 | 1,307,632 | 1,291,211 | 1,276,176 | 1,265,100 | 1,255,311 | 1,245,853 | 1,237,777 |
| Total current assets | US$ in thousands | 663,800 | 717,400 | 761,200 | 988,300 | 988,300 | 1,007,000 | 997,400 | 1,073,100 | 1,038,700 | 1,048,500 | 1,062,200 | 1,267,700 | 1,268,700 | 1,264,410 | 1,189,070 | 1,235,550 | 1,217,940 | 1,206,130 | 1,249,650 | 1,185,500 |
| Total current liabilities | US$ in thousands | 1,531,100 | 1,526,200 | 1,191,300 | 1,213,900 | 1,188,500 | 1,173,600 | 1,141,700 | 1,171,400 | 1,116,900 | 1,095,100 | 1,067,200 | 1,088,500 | 1,074,000 | 1,048,180 | 998,334 | 1,010,220 | 988,693 | 978,008 | 1,018,330 | 955,672 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | 7.54 | 6.82 | 6.05 | 6.77 | 5.66 | 5.52 | 5.50 | 5.39 | 5.39 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,557,400K ÷ ($663,800K – $1,531,100K)
= —
VeriSign Inc's working capital turnover has shown a consistent increasing trend over the past few years. The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate revenue. A higher ratio indicates that the company is effectively managing its working capital to support its operations and sales.
From March 31, 2020, to June 30, 2022, the working capital turnover ratio steadily increased from 5.39 to 6.77, indicating improved efficiency in utilizing its working capital during this period. Subsequently, the ratio fluctuated between 6.05 and 7.54 from September 30, 2021, to March 31, 2024. This fluctuation may be attributed to changes in the company's working capital management practices or fluctuations in sales volume.
The consistent increase in the working capital turnover ratio signals that VeriSign Inc has been able to effectively leverage its working capital to support its sales growth over the analyzed period. However, the absence of data beyond June 30, 2022, limits a more comprehensive assessment of the company's working capital efficiency in the coming years.
Peer comparison
Dec 31, 2024