NCR Voyix Corporation (VYX)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,483,000 | 7,560,000 | 7,156,000 | 6,207,000 | 6,915,000 |
| Total current assets | US$ in thousands | 1,206,000 | 3,082,000 | 2,876,000 | 2,478,000 | 3,144,000 |
| Total current liabilities | US$ in thousands | 1,333,000 | 2,713,000 | 2,808,000 | 2,088,000 | 2,538,000 |
| Working capital turnover | — | 20.49 | 105.24 | 15.92 | 11.41 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,483,000K ÷ ($1,206,000K – $1,333,000K)
= —
The working capital turnover for NCR Voyix Corporation has fluctuated over the past five years. In 2023, the working capital turnover was not available in the table. However, it was 20.49 in 2022, significantly higher than the ratios in 2021 (105.24), 2020 (15.92), and 2019 (11.41).
A high working capital turnover ratio indicates that the company is efficiently utilizing its working capital to generate sales revenue. This could be a positive sign of effective management of current assets and liabilities. On the other hand, a low ratio may suggest inefficiencies in managing working capital, potentially leading to cash flow issues or excess investment in assets.
It would be beneficial for NCR Voyix Corporation to further analyze the factors contributing to the fluctuations in their working capital turnover ratio and take appropriate measures to maintain or improve efficiency in working capital management.