Aecom Technology Corporation (ACM)
Working capital turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 14,895,980 | 14,378,420 | 13,962,180 | 13,540,330 | 13,263,820 | 13,148,180 | 13,075,880 | 13,242,580 | 13,294,420 | 13,340,900 | 13,556,100 | 13,337,400 | 13,317,600 | 13,240,000 | 13,184,400 | 13,354,900 | 13,521,800 | 13,642,500 | 15,434,900 | 17,222,700 |
| Total current assets | US$ in thousands | 6,282,030 | 6,169,510 | 6,271,740 | 6,039,140 | 6,027,470 | 5,822,810 | 5,795,790 | 5,697,180 | 5,930,270 | 6,173,540 | 6,248,490 | 6,258,430 | 6,900,890 | 7,530,370 | 7,290,360 | 7,378,260 | 7,466,930 | 7,534,640 | 7,271,820 | 7,240,640 |
| Total current liabilities | US$ in thousands | 6,002,490 | 5,850,280 | 5,714,780 | 5,537,260 | 5,557,720 | 5,404,170 | 5,464,940 | 5,283,480 | 5,513,460 | 5,521,720 | 5,680,030 | 5,601,900 | 6,001,600 | 6,090,450 | 5,751,670 | 5,987,540 | 6,461,460 | 6,461,750 | 5,940,700 | 5,890,190 |
| Working capital turnover | 53.29 | 45.04 | 25.07 | 26.98 | 28.24 | 31.41 | 39.52 | 32.01 | 31.90 | 20.47 | 23.85 | 20.31 | 14.81 | 9.19 | 8.57 | 9.60 | 13.45 | 12.72 | 11.60 | 12.75 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $14,895,980K ÷ ($6,282,030K – $6,002,490K)
= 53.29
The working capital turnover of AECOM has exhibited fluctuations over the past few quarters. In Q1 2024, the working capital turnover ratio was 53.29, indicating that the company generated $53.29 in revenue for every dollar of working capital invested. This represents a significant increase from the previous quarter, Q4 2023, where the ratio was 45.04.
The highest working capital turnover ratio in recent quarters was observed in Q3 2022 at 39.52, while the lowest was in Q3 2023 at 25.07. It is noteworthy that the working capital turnover ratio has shown both upward and downward trends over the past few quarters, reflecting changes in the efficiency of AECOM's working capital management.
Overall, these fluctuations in the working capital turnover ratio suggest varying levels of effectiveness in AECOM's management of its working capital to support revenue generation. Further analysis and comparison with industry benchmarks may provide additional insights into the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023