Verizon Communications Inc (VZ)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 134,788,000 | 133,974,000 | 136,835,000 | 133,613,000 | 128,292,000 |
| Total current assets | US$ in thousands | 40,523,000 | 36,814,000 | 37,857,000 | 36,728,000 | 54,594,000 |
| Total current liabilities | US$ in thousands | 64,771,000 | 53,223,000 | 50,171,000 | 47,160,000 | 39,660,000 |
| Working capital turnover | — | — | — | — | 8.59 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $134,788,000K ÷ ($40,523,000K – $64,771,000K)
= —
The working capital turnover ratio for Verizon Communications Inc provides insight into how efficiently the company is utilizing its working capital to generate sales revenue. Based on the available data, as of December 31, 2020, the working capital turnover ratio stood at 8.59. This indicates that for every dollar of working capital invested, the company generated $8.59 in sales revenue during the financial year.
However, for the subsequent years (2021, 2022, 2023, and 2024), the exact working capital turnover data is not provided (denoted by "—"). Without this information, it is challenging to assess the trend and performance of working capital turnover over the years following 2020.
It is important for Verizon to monitor and maintain a healthy working capital turnover ratio to ensure optimal utilization of its resources and efficient operations. This ratio helps in evaluating the effectiveness of managing working capital in the company's day-to-day operations. Additional data for the subsequent years would be necessary to comprehensively analyze the trend and performance of Verizon's working capital turnover ratio.
Peer comparison
Dec 31, 2024