Aecom Technology Corporation (ACM)
Working capital turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,378,500 | 13,148,200 | 13,340,900 | 13,240,000 | 13,642,500 |
| Total current assets | US$ in thousands | 6,169,510 | 5,822,810 | 6,173,540 | 7,530,370 | 7,534,640 |
| Total current liabilities | US$ in thousands | 5,850,280 | 5,404,170 | 5,521,720 | 6,090,450 | 6,461,750 |
| Working capital turnover | 45.04 | 31.41 | 20.47 | 9.19 | 12.72 |
September 30, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $14,378,500K ÷ ($6,169,510K – $5,850,280K)
= 45.04
The working capital turnover for AECOM has shown a consistent upward trend from 2019 to 2023, indicating an improvement in the efficiency of utilizing its working capital. The company's working capital turnover ratio increased from 18.80 in 2019 to 45.04 in 2023. This signifies that AECOM generated $45.04 in revenue for every dollar of working capital in 2023, compared to $18.80 in 2019. The substantial increase in the turnover ratio is a positive indicator of the company's ability to efficiently manage its working capital to support revenue generation and operations.
Peer comparison
Sep 30, 2023