Aecom Technology Corporation (ACM)
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 | 16,105,490 | 15,837,340 | 15,349,640 | 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 |
| Total current assets | US$ in thousands | 7,176,060 | 7,118,660 | 6,497,790 | 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 |
| Total current liabilities | US$ in thousands | 6,374,080 | 6,289,640 | 6,136,120 | 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 |
| Working capital turnover | 20.08 | 19.10 | 42.44 | 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 |
September 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $16,105,490K ÷ ($7,176,060K – $6,374,080K)
= 20.08
The working capital turnover ratio for Aecom Technology Corporation has shown fluctuations over the past several quarters. The ratio measures how efficiently the company is utilizing its working capital to generate sales revenue.
Aecom's working capital turnover has been volatile, with significant increases and decreases observed over the periods analyzed. The highest ratios were recorded in March 2024 (42.44) and December 2023 (53.29), indicating a strong ability to convert working capital into revenue during those periods.
Conversely, the lowest working capital turnover ratios were seen in September 2020 (8.57) and December 2020 (9.19), suggesting a lower efficiency in utilizing working capital to generate sales during those quarters.
Overall, the trend in Aecom's working capital turnover ratio indicates variability in the company's efficiency in utilizing its working capital to generate revenue, with periods of stronger performance interspersed with periods of lower efficiency. It would be beneficial for stakeholders to further investigate the reasons behind these fluctuations to better understand the company's financial performance and operations.
Peer comparison
Sep 30, 2024