Whirlpool Corporation (WHR)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 16,343,000 | 18,998,000 | 17,719,000 | 21,915,000 | 19,274,000 |
| Total current assets | US$ in thousands | 5,239,000 | 6,207,000 | 6,394,000 | 9,695,000 | 9,129,000 |
| Total current liabilities | US$ in thousands | 7,323,000 | 6,948,000 | 5,931,000 | 8,510,000 | 8,330,000 |
| Working capital turnover | — | — | 38.27 | 18.49 | 24.12 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $16,343,000K ÷ ($5,239,000K – $7,323,000K)
= —
The working capital turnover ratio for Whirlpool Corporation has shown some fluctuations over the years. In 2020, the ratio was relatively high at 24.12, indicating that the company generated $24.12 in revenue for every dollar of working capital invested. However, this ratio decreased to 18.49 in 2021, suggesting a potential inefficiency in utilizing working capital to generate sales.
In 2022, the working capital turnover ratio increased significantly to 38.27, signaling a more efficient utilization of working capital to generate revenue. This could indicate improved operational efficiency or better management of current assets and liabilities.
The absence of data for 2023 and 2024 makes it challenging to analyze the trend further. However, it is essential for Whirlpool Corporation to monitor and optimize its working capital turnover ratio to ensure efficient utilization of resources and improve overall financial performance.
Peer comparison
Dec 31, 2024