XPO Logistics Inc (XPO)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,112,000 | 7,744,000 | 7,718,000 | 7,202,000 | 6,168,000 |
| Total current assets | US$ in thousands | 1,505,000 | 1,593,000 | 1,630,000 | 2,687,000 | 5,378,000 |
| Total current liabilities | US$ in thousands | 1,420,000 | 1,590,000 | 1,507,000 | 2,548,000 | 5,161,000 |
| Working capital turnover | 95.44 | 2,581.33 | 62.75 | 51.81 | 28.42 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $8,112,000K ÷ ($1,505,000K – $1,420,000K)
= 95.44
The working capital turnover of XPO Logistics Inc has shown significant fluctuations over the past five years. In December 31, 2020, the working capital turnover was 28.42, indicating that the company generated $28.42 in revenue for every dollar of working capital deployed. This ratio increased to 51.81 by December 31, 2021, showing improved efficiency in utilizing working capital.
The trend continued to improve as the working capital turnover reached 62.75 by December 31, 2022. However, there was a substantial spike in efficiency in December 31, 2023, where the working capital turnover surged to 2,581.33. This unexpected surge may indicate a specific event or anomaly in the financials.
By December 31, 2024, the working capital turnover ratio decreased to 95.44, still significantly higher than the earlier years but lower than the peak in 2023. Overall, the working capital turnover of XPO Logistics Inc reflects varying levels of efficiency in utilizing working capital over the past five years, with notable fluctuations in performance.
Peer comparison
Dec 31, 2024