Verizon Communications Inc (VZ)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 133,974,000 | 136,835,000 | 133,613,000 | 128,292,000 | 131,868,000 |
| Total current assets | US$ in thousands | 36,814,000 | 37,857,000 | 36,728,000 | 54,594,000 | 37,473,000 |
| Total current liabilities | US$ in thousands | 53,223,000 | 50,171,000 | 47,160,000 | 39,660,000 | 44,868,000 |
| Working capital turnover | — | — | — | 8.59 | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $133,974,000K ÷ ($36,814,000K – $53,223,000K)
= —
Verizon Communications Inc's working capital turnover ratio has fluctuated over the years. The absence of data for certain years makes it challenging to assess the trend accurately. However, in Dec 31, 2020, the working capital turnover ratio was 8.59, indicating that the company generated revenue 8.59 times for every dollar of working capital invested. This suggests that Verizon efficiently utilized its working capital to generate sales in 2020. Without data for other years, it is difficult to provide a comprehensive analysis of the company's working capital turnover trend.
Peer comparison
Dec 31, 2023