Aecom Technology Corporation (ACM)

Liquidity ratios

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
Current ratio 1.13 1.13 1.06 1.05 1.05 1.10 1.09 1.08 1.08 1.06 1.08 1.08 1.12 1.10 1.12 1.15 1.24 1.27 1.23 1.16
Quick ratio 0.82 0.80 0.73 0.72 0.74 0.76 0.73 0.75 0.75 0.73 0.75 0.77 0.81 0.82 0.83 0.80 0.88 0.83 0.68 0.56
Cash ratio 0.25 0.26 0.20 0.20 0.22 0.22 0.20 0.21 0.22 0.18 0.18 0.20 0.22 0.24 0.23 0.22 0.32 0.23 0.19 0.11

The liquidity ratios of Aecom Technology Corporation over the past few quarters have shown some fluctuations. The current ratio, which measures the company's ability to cover short-term liabilities with current assets, has generally been above 1, indicating that Aecom has had sufficient current assets to cover its current liabilities. However, the ratio has fluctuated within a narrow range, showing some stability in the company's liquidity position.

The quick ratio, which provides a more stringent measure of liquidity by excluding inventory from current assets, has also been above 0.7 in most quarters, although it has shown some variability. This suggests that Aecom may have faced challenges in quickly converting inventory into cash in certain periods.

The cash ratio, which is the most conservative measure of liquidity as it only considers cash and cash equivalents, has generally been low, indicating that Aecom may have limited cash reserves relative to its current liabilities. The ratio has fluctuated between 0.18 and 0.26, showing some volatility in the company's cash position over the quarters.

Overall, Aecom's liquidity ratios suggest that while the company has generally maintained a satisfactory ability to meet its short-term obligations, there may have been some fluctuations in its liquidity position, particularly in terms of cash availability. Monitoring these ratios over time can provide insights into the company's liquidity management and financial health.

Additional liquidity measure

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
Cash conversion cycle days 20.49 17.45 21.98 23.20 18.54 21.52 24.06 26.34 45.15 49.51 51.21 51.70 53.05 56.79 30.80 70.65 66.07 75.48 61.69 72.42

The cash conversion cycle for Aecom Technology Corporation has shown some fluctuations over the periods analyzed. The cash conversion cycle measures the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.

Aecom's cash conversion cycle ranged from a low of 17.45 days to a high of 75.48 days over the past several quarters. A lower cash conversion cycle is generally more favorable as it indicates that the company is able to efficiently manage its working capital and generate cash from its operations. Conversely, a longer cash conversion cycle may indicate inefficiencies in the company's operations, such as slow inventory turnover or delayed collections from customers.

It is worth noting that Aecom's cash conversion cycle has been somewhat volatile, with fluctuations seen in each quarter. This could be due to various factors such as changes in sales volume, inventory management practices, or payment terms with customers and suppliers.

Overall, monitoring and analyzing the trend of Aecom's cash conversion cycle over time can provide insights into the company's operational efficiency and effectiveness in managing its working capital.