NCR Voyix Corporation (VYX)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,826,000 | 3,830,000 | 7,844,000 | 7,156,000 | 6,207,000 |
| Total current assets | US$ in thousands | 1,671,000 | 1,206,000 | 3,082,000 | 2,876,000 | 2,478,000 |
| Total current liabilities | US$ in thousands | 1,420,000 | 1,333,000 | 2,713,000 | 2,808,000 | 2,088,000 |
| Working capital turnover | 11.26 | — | 21.26 | 105.24 | 15.92 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,826,000K ÷ ($1,671,000K – $1,420,000K)
= 11.26
The working capital turnover ratio for NCR Voyix Corporation has shown significant fluctuations over the years. The ratio was exceptionally high in December 31, 2021, at 105.24, indicating that the company effectively utilized its working capital to generate sales during that period. However, there was a notable decrease in the ratio in December 31, 2024, dropping to 11.26, suggesting a decrease in the efficiency of working capital utilization for generating revenue.
It is important to note that the absence of a value for December 31, 2023, requires further investigation into the financial data for that period. Overall, the working capital turnover ratio fluctuated considerably, potentially signaling changes in the company's operational efficiency and financial management strategies.