Agilysys Inc (AGYS)

Working capital turnover

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	US$ in thousands	275,624	237,464	198,065	162,636	137,176
Total current assets	US$ in thousands	—	188,937	154,658	136,173	133,250
Total current liabilities	US$ in thousands	—	89,371	78,515	71,466	61,001
Working capital turnover		—	2.38	2.60	2.51	1.90

March 31, 2025 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $275,624K ÷ ($—K – $—K)
= —

The working capital turnover ratio of Agilysys Inc has shown a positive upward trend over the past few years, indicating an improvement in the efficiency of utilizing its working capital. From 2021 to 2023, the ratio increased steadily from 1.90 to 2.60, suggesting that the company was able to generate $2.60 in revenue for every $1 of working capital invested by March 31, 2023.

However, there was a slight dip in the ratio to 2.38 by March 31, 2024, which may raise some concerns regarding the management of working capital efficiency. The ratio dropping from 2023 to 2024 could signify that the company's working capital may not have been optimized effectively during that period.

The absence of data for March 31, 2025, makes it difficult to provide insights into the most recent performance regarding working capital turnover. It would be advisable for stakeholders to monitor the company's working capital management closely to ensure optimal utilization and continued improvement in operational efficiency.