Apple Inc (AAPL)
Working capital turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 391,035,000 | 384,601,000 | 379,623,000 | 383,706,000 | 380,282,000 | 381,105,000 | 382,546,000 | 384,297,000 | 391,397,000 | 384,766,000 | 383,295,000 | 375,622,000 | 363,172,000 | 345,182,000 | 323,401,000 | 292,043,000 | 272,276,000 | 271,618,000 | 265,573,000 | 265,022,000 |
| Total current assets | US$ in thousands | 152,987,000 | 125,435,000 | 128,416,000 | 143,692,000 | 143,566,000 | 122,659,000 | 112,913,000 | 128,777,000 | 135,405,000 | 112,292,000 | 118,180,000 | 153,154,000 | 134,836,000 | 114,423,000 | 121,465,000 | 154,106,000 | 143,713,000 | 140,065,000 | 143,753,000 | 163,231,000 |
| Total current liabilities | US$ in thousands | 176,392,000 | 131,624,000 | 123,822,000 | 133,973,000 | 145,308,000 | 124,963,000 | 120,075,000 | 137,286,000 | 153,982,000 | 129,873,000 | 127,508,000 | 147,574,000 | 125,481,000 | 107,754,000 | 106,385,000 | 132,507,000 | 105,392,000 | 95,318,000 | 96,094,000 | 102,161,000 |
| Working capital turnover | — | — | 82.63 | 39.48 | — | — | — | — | — | — | — | 67.32 | 38.82 | 51.76 | 21.45 | 13.52 | 7.11 | 6.07 | 5.57 | 4.34 |
September 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $391,035,000K ÷ ($152,987,000K – $176,392,000K)
= —
The working capital turnover ratio measures how efficiently a company is using its working capital to generate sales revenue. A high working capital turnover indicates that the company is effectively managing its working capital to support its operations and sales activities.
Analyzing the working capital turnover ratio of Apple Inc over the provided periods, we observe fluctuations in the ratio. In March 2024, the ratio stood at 82.63, indicating a significant increase in the efficiency of Apple's working capital management compared to the previous quarter. This suggests that Apple was able to generate a high level of sales revenue relative to its investment in working capital during that period.
However, the lack of data for some periods prevents a comprehensive trend analysis. It is essential to examine the company's working capital turnover ratio over an extended period to identify consistent patterns and evaluate the effectiveness of Apple's working capital management strategy.
In conclusion, while the limited data available shows fluctuations in Apple Inc's working capital turnover ratio, a more in-depth analysis over a longer timeframe would provide a clearer picture of the company's efficiency in utilizing its working capital to drive sales revenue.
Peer comparison
Sep 30, 2024