Whirlpool Corporation (WHR)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 18,998,000 | 17,719,000 | 21,915,000 | 19,274,000 | 20,669,000 |
| Total current assets | US$ in thousands | 6,207,000 | 6,394,000 | 9,695,000 | 9,129,000 | 7,398,000 |
| Total current liabilities | US$ in thousands | 6,948,000 | 5,931,000 | 8,510,000 | 8,330,000 | 8,369,000 |
| Working capital turnover | — | 38.27 | 18.49 | 24.12 | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $18,998,000K ÷ ($6,207,000K – $6,948,000K)
= —
The working capital turnover ratio for Whirlpool Corp. has shown fluctuations over the years, as evidenced by the data provided. In 2022, the company achieved a significant working capital turnover ratio of 42.60, indicating that it generated $42.60 in net sales for every dollar invested in working capital during that year. This high turnover ratio suggests that Whirlpool efficiently managed its working capital to support its sales.
However, in 2021, the working capital turnover ratio decreased to 18.55, suggesting a decline in the efficiency of working capital management compared to the previous year. The lower ratio may indicate that Whirlpool experienced challenges in optimizing its working capital to support its operations and generate sales.
In 2020, the working capital turnover ratio improved to 28.40, signaling a return to a more efficient use of working capital compared to the previous year. This recovery may reflect better management and utilization of working capital resources by Whirlpool during that period.
Notably, specific insights into the working capital turnover for the years 2023 and 2019 are not available in the provided data, which limits a comprehensive trend analysis. It is essential for Whirlpool Corp. to consistently monitor and assess its working capital turnover ratio to ensure optimal utilization of resources and support sustainable business operations.
Peer comparison
Dec 31, 2023