Agilysys Inc (AGYS)

Working capital turnover

		Mar 31, 2025	Dec 31, 2024	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
Revenue (ttm)	US$ in thousands	201,352	263,573	254,578	244,915	237,462	228,138	217,492	206,618	198,065	191,727	181,267	171,417	162,636	152,413	149,628	146,096	137,178	140,501	145,813	152,175
Total current assets	US$ in thousands	—	131,210	108,701	186,765	188,937	183,694	153,411	149,438	154,658	159,083	136,427	132,140	136,173	149,614	134,223	134,827	133,250	131,952	115,544	116,942
Total current liabilities	US$ in thousands	111,024	114,950	95,889	77,404	89,371	91,207	72,707	73,893	78,515	81,132	62,054	62,777	71,466	64,151	52,199	57,019	61,001	58,425	45,777	56,054
Working capital turnover		—	16.21	19.87	2.24	2.38	2.47	2.69	2.74	2.60	2.46	2.44	2.47	2.51	1.78	1.82	1.88	1.90	1.91	2.09	2.50

March 31, 2025 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $201,352K ÷ ($—K – $111,024K)
= —

The working capital turnover ratio for Agilysys Inc fluctuated over the reported periods, indicating the efficiency with which the company is able to generate revenue from its working capital. Starting from June 30, 2020, the ratio stood at 2.50, suggesting that Agilysys was able to generate $2.50 of revenue for each dollar of working capital invested.

Subsequently, the ratio experienced a gradual decline, reaching its lowest point of 1.78 on December 31, 2021, before showing signs of improvement in the following periods. Notably, the ratio spiked to 19.87 on September 30, 2024, which appears to be an anomaly or a reporting error given the significant outlier compared to other periods.

Overall, the trend indicates some fluctuations in Agilysys' efficiency in utilizing its working capital to generate sales, with some variability in performance over the years. The company seemed to have made improvements in utilizing its working capital efficiently towards the latter part of the reported periods.