Amentum Holdings Inc. (AMTM)
Working capital turnover
| Sep 30, 2024 | Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 8,343,000 | 5,536,000 | 5,183,000 |
| Total current assets | US$ in thousands | 3,084,000 | 1,305,000 | 1,359,000 |
| Total current liabilities | US$ in thousands | 1,965,000 | 664,000 | 713,000 |
| Working capital turnover | 7.46 | 8.64 | 8.02 |
September 30, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $8,343,000K ÷ ($3,084,000K – $1,965,000K)
= 7.46
Amentum Holdings Inc.'s working capital turnover has fluctuated over the years based on the provided data. As of December 31, 2022, the company had a working capital turnover of 8.02, indicating that it was able to generate $8.02 in revenue for every dollar of working capital invested.
By December 31, 2023, the working capital turnover improved to 8.64, suggesting that the company became more efficient in utilizing its working capital to generate revenue.
However, by September 30, 2024, the working capital turnover decreased to 7.46, indicating a potential decrease in efficiency in converting working capital into sales during that period.
Overall, Amentum Holdings Inc. has shown varying levels of efficiency in managing its working capital to generate revenue, with fluctuations observed over the years. Monitoring this ratio can provide insights into the company's liquidity management and operational efficiency.
Peer comparison
Sep 30, 2024