Whirlpool Corporation (WHR)
Working capital turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 18,998,000 | 17,159,000 | 17,116,000 | 17,137,000 | 17,721,000 | 20,158,000 | 20,845,000 | 21,538,000 | 21,915,000 | 21,939,000 | 21,757,000 | 20,351,000 | 19,321,000 | 18,905,000 | 19,220,000 | 20,282,000 | 20,708,000 | 20,986,000 | 20,698,000 | 20,736,000 |
| Total current assets | US$ in thousands | 6,207,000 | 6,112,000 | 6,194,000 | 6,095,000 | 6,394,000 | 7,919,000 | 8,460,000 | 8,968,000 | 9,695,000 | 9,726,000 | 9,403,000 | 9,838,000 | 9,129,000 | 9,307,000 | 7,579,000 | 8,162,000 | 7,398,000 | 7,375,000 | 8,503,000 | 8,236,000 |
| Total current liabilities | US$ in thousands | 6,948,000 | 7,023,000 | 7,087,000 | 5,982,000 | 5,931,000 | 6,809,000 | 7,592,000 | 8,285,000 | 8,510,000 | 8,291,000 | 7,832,000 | 8,011,000 | 8,330,000 | 9,105,000 | 7,725,000 | 8,576,000 | 8,369,000 | 8,500,000 | 10,094,000 | 9,878,000 |
| Working capital turnover | — | — | — | 151.65 | 38.27 | 18.16 | 24.01 | 31.53 | 18.49 | 15.29 | 13.85 | 11.14 | 24.18 | 93.59 | — | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $18,998,000K ÷ ($6,207,000K – $6,948,000K)
= —
Whirlpool Corp.'s working capital turnover has fluctuated over the quarters, with notable variations in performance. In Q4 2023, the working capital turnover figure was not provided. However, in Q3 2023, the company achieved a working capital turnover of 172.15, reflecting a significant improvement compared to the previous quarters. This surge in efficiency suggests that Whirlpool effectively utilized its working capital during this period.
Looking back at the previous quarters, the company's working capital turnover exhibited a gradual increase. In Q2 2023, it stood at 24.56, indicating a moderate level of efficiency in working capital management. This was an improvement from Q1 2023, which had a working capital turnover of 31.55. Q4 2022 and Q3 2022 recorded lower working capital turnovers of 42.60 and 18.57, respectively.
The trend indicates that Whirlpool Corp. has made commendable efforts to enhance its working capital turnover over the quarters, with Q3 2023 demonstrating a particularly noteworthy performance in this aspect. By efficiently utilizing its working capital, the company can optimize its operations and potentially generate higher returns. Monitoring this ratio over time can provide insights into Whirlpool's management of liquidity and efficiency in utilizing its resources.
Peer comparison
Dec 31, 2023