VeriSign Inc (VRSN)

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	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	1,231,661	1,228,570	1,225,926	1,222,089
Total current assets	US$ in thousands	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	1,278,590	1,298,150	1,295,380	1,315,270
Total current liabilities	US$ in thousands	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	965,166	960,878	934,681	941,280
Working capital turnover		—	—	—	—	—	—	—	7.54	6.82	6.05	6.77	5.66	5.52	5.50	5.39	5.39	3.93	3.64	3.40	3.27

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,493,100K ÷ ($988,300K – $1,188,500K)
= —

Verisign Inc.'s working capital turnover ratio for Q1 2022 was 7.54. The lack of data for the subsequent quarters of 2022 and all quarters of 2023 prevents a trend analysis or comparison over time. However, the Q1 2022 ratio indicates that Verisign was able to generate $7.54 in net sales for every dollar of working capital invested in the business during that quarter. A higher turnover ratio generally indicates efficient utilization of working capital to generate sales. It would be important to assess how effectively Verisign managed its working capital in subsequent periods to understand its overall liquidity management and operational efficiency.