Apple Inc (AAPL)
Working capital turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 391,035,000 | 379,352,000 | 391,397,000 | 363,172,000 | 271,642,000 |
| Total current assets | US$ in thousands | 152,987,000 | 143,566,000 | 135,405,000 | 134,836,000 | 143,713,000 |
| Total current liabilities | US$ in thousands | 176,392,000 | 145,308,000 | 153,982,000 | 125,481,000 | 105,392,000 |
| Working capital turnover | — | — | — | 38.82 | 7.09 |
September 30, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $391,035,000K ÷ ($152,987,000K – $176,392,000K)
= —
To analyze Apple Inc's working capital turnover, we will focus on the available data for the fiscal years ended on September 30 for 2020, 2021, 2022, 2023, and 2024. The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales revenue.
In 2020, Apple Inc's working capital turnover was 7.09, indicating that the company generated $7.09 in sales for every $1 of working capital invested.
However, there is missing data for the working capital turnover for the years 2021, 2022, and 2023. This gap prevents a year-on-year comparison and trend analysis, limiting our ability to assess the company's working capital efficiency over these periods.
The working capital turnover for 2024 is not available in the provided data. Without this figure, we cannot determine the direction of Apple Inc's efficiency in utilizing its working capital in generating sales for that year.
In summary, the working capital turnover ratio for Apple Inc was 7.09 in 2020, but without data for subsequent years, we lack the necessary information to provide a comprehensive analysis of the trend in the company's working capital efficiency over the entire period.
Peer comparison
Sep 30, 2024