American Woodmark Corporation (AMWD)
Working capital turnover
| Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,848,918 | 1,882,647 | 1,938,887 | 2,024,050 | 2,066,902 | 2,081,573 | 2,062,231 | 1,955,957 | 1,857,937 | 1,835,933 | 1,805,073 | 1,796,872 | 1,738,985 | 1,640,397 | 1,634,769 | 1,611,322 | 1,635,965 | 1,631,214 | 1,635,512 | 1,645,319 |
| Total current assets | US$ in thousands | 402,710 | 402,130 | 402,065 | 394,112 | 368,255 | 411,458 | 476,311 | 464,325 | 428,657 | 383,963 | 371,708 | 355,420 | 409,965 | 404,054 | 404,353 | 387,969 | 312,211 | 309,024 | 318,197 | 306,035 |
| Total current liabilities | US$ in thousands | 195,726 | 188,281 | 181,489 | 175,502 | 178,124 | 168,120 | 211,196 | 236,864 | 216,228 | 192,950 | 195,134 | 198,817 | 220,447 | 210,883 | 195,148 | 178,065 | 169,202 | 169,409 | 180,427 | 149,590 |
| Working capital turnover | 8.93 | 8.80 | 8.79 | 9.26 | 10.87 | 8.55 | 7.78 | 8.60 | 8.75 | 9.61 | 10.22 | 11.47 | 9.18 | 8.49 | 7.81 | 7.68 | 11.44 | 11.68 | 11.87 | 10.52 |
April 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,848,918K ÷ ($402,710K – $195,726K)
= 8.93
The working capital turnover ratio of American Woodmark Corporation has shown variability over the past 20 quarters, ranging from 7.68 to 11.87. The ratio measures how efficiently the company is utilizing its working capital to generate sales. A higher working capital turnover indicates that the company is effectively managing its working capital and generating more revenue with each dollar of working capital.
In the recent quarters, the working capital turnover ratio has been fluctuating within a narrower range, suggesting a relatively stable efficiency in managing working capital. The ratio peaked at 11.87 in the third quarter of 2019, indicating a high level of sales generated by the working capital at that time. However, it dipped to a low of 7.68 in the first quarter of 2020 before gradually recovering.
Overall, the trend in the working capital turnover ratio indicates that American Woodmark Corporation has been able to efficiently convert its working capital into sales, although there have been fluctuations in performance over the analyzed period.