Agilent Technologies Inc (A)
Working capital turnover
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,489,000 | 6,494,000 | 6,564,000 | 6,700,000 | 6,806,000 | 6,912,000 | 6,975,000 | 6,872,000 | 6,783,000 | 6,604,000 | 6,458,000 | 6,377,000 | 6,248,000 | 6,057,000 | 5,738,000 | 5,454,000 | 5,271,000 | 5,138,000 | 5,148,000 | 5,148,000 |
| Total current assets | US$ in thousands | 3,959,000 | 4,256,000 | 4,203,000 | 4,338,000 | 4,186,000 | 4,030,000 | 3,949,000 | 4,078,000 | 3,778,000 | 3,690,000 | 3,643,000 | 3,474,000 | 3,799,000 | 3,632,000 | 3,514,000 | 3,483,000 | 3,415,000 | 3,245,000 | 3,171,000 | 3,102,000 |
| Total current liabilities | US$ in thousands | 1,895,000 | 2,389,000 | 1,958,000 | 1,617,000 | 1,603,000 | 1,760,000 | 1,666,000 | 1,936,000 | 1,861,000 | 1,902,000 | 1,813,000 | 1,584,000 | 1,708,000 | 1,724,000 | 1,758,000 | 1,687,000 | 1,467,000 | 1,314,000 | 1,945,000 | 1,892,000 |
| Working capital turnover | 3.14 | 3.48 | 2.92 | 2.46 | 2.63 | 3.04 | 3.06 | 3.21 | 3.54 | 3.69 | 3.53 | 3.37 | 2.99 | 3.17 | 3.27 | 3.04 | 2.71 | 2.66 | 4.20 | 4.25 |
October 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $6,489,000K ÷ ($3,959,000K – $1,895,000K)
= 3.14
The working capital turnover ratio for Agilent Technologies Inc has varied over the past few years. The ratio measures how efficiently the company is utilizing its working capital to generate revenue.
The trend of the working capital turnover ratio shows fluctuations, indicating changes in the company's efficiency in managing its working capital. The ratio has ranged from 2.46 to 4.25 over the past few years, with the highest value indicating better efficiency in turning working capital into sales.
The most recent data shows a working capital turnover ratio of 3.14, which is slightly lower than the ratio in the previous quarter (3.48). This suggests a slight decrease in the efficiency of utilizing working capital to generate revenue.
Overall, Agilent Technologies Inc has demonstrated varying levels of efficiency in converting its working capital into sales over the analyzed period, with room for improvement in certain quarters to enhance operational performance.
Peer comparison
Oct 31, 2024