Whirlpool Corporation (WHR)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 16,254,000 | 17,298,000 | 18,058,000 | 18,799,000 | 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 |
| Total current assets | US$ in thousands | 5,239,000 | 5,582,000 | 5,860,000 | 6,192,000 | 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 |
| Total current liabilities | US$ in thousands | 7,323,000 | 5,969,000 | 6,129,000 | 6,550,000 | 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 |
| 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, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $16,254,000K ÷ ($5,239,000K – $7,323,000K)
= —
The working capital turnover ratio for Whirlpool Corporation has shown fluctuations over the analyzed periods. From September 30, 2020, to December 31, 2020, the ratio decreased significantly from 93.59 to 24.18, indicating a potential inefficiency in utilizing working capital to generate revenue. Subsequently, there was a further decline in the ratio to 11.14 by March 31, 2021, suggesting a slowdown in working capital turnover.
However, the company managed to improve its working capital turnover from March 31, 2021, to December 31, 2022, reaching a peak of 38.27. This increase signifies a better utilization of working capital to support revenue generation during these periods.
Following the peak in December 31, 2022, the working capital turnover ratio fluctuated within a range of 18.16 to 31.53 until March 31, 2023, where there was a significant surge to 151.65. This spike indicates a substantial improvement in the efficiency of working capital management in generating revenue.
Subsequently, the ratio was not available for June 30, 2023, and September 30, 2023. This lack of data may be due to various reasons such as business operations, reporting practices, or data availability issues.
In conclusion, the working capital turnover ratio of Whirlpool Corporation has displayed fluctuations, showing both strengths and potential areas for improvement in efficiently utilizing working capital to drive revenue generation.
Peer comparison
Dec 31, 2024