Apple Inc (AAPL)
Working capital turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 379,352,000 | 391,397,000 | 363,172,000 | 271,642,000 | 256,598,000 |
| Total current assets | US$ in thousands | 143,566,000 | 135,405,000 | 134,836,000 | 143,713,000 | 162,819,000 |
| Total current liabilities | US$ in thousands | 145,308,000 | 153,982,000 | 125,481,000 | 105,392,000 | 105,718,000 |
| Working capital turnover | — | — | 38.82 | 7.09 | 4.49 |
September 30, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $379,352,000K ÷ ($143,566,000K – $145,308,000K)
= —
The working capital turnover for Apple Inc has shown a significant increase over the past five years, indicating a substantial improvement in the efficiency of its working capital management. In 2019, the working capital turnover was 4.56, which improved to 7.16 in 2020 and further to 39.10 in 2021. This upward trend suggests that Apple has been successful in generating a higher revenue relative to its working capital, reflecting efficient utilization of its current assets and liabilities. However, it's noted that the working capital turnover for 2022 and 2023 is not available, which hinders a complete assessment of the recent trend. Overall, the increasing working capital turnover signifies improved operational efficiency and effective utilization of resources by Apple Inc.
Peer comparison
Sep 30, 2023