Alpha and Omega Semiconductor Ltd (AOSL)

Working capital turnover

Jun 30, 2025 Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021
Revenue US$ in thousands 696,162,000 657,274 691,321 777,552 656,902
Total current assets US$ in thousands 394,551 398,001 423,936 549,592 407,322
Total current liabilities US$ in thousands 152,896 154,233 172,561 266,350 233,230
Working capital turnover 2,880.81 2.70 2.75 2.75 3.77

June 30, 2025 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $696,162,000K ÷ ($394,551K – $152,896K)
= 2,880.81

The working capital turnover ratio of Alpha and Omega Semiconductor Ltd has demonstrated notable fluctuations over the selected periods. As of June 30, 2021, the ratio stood at 3.77, indicating a relatively efficient utilization of working capital in generating sales. This ratio experienced a decline over the subsequent years, decreasing to 2.75 by June 30, 2022, and remaining steady at the same level through June 30, 2023. The ratio further declined slightly to 2.70 by June 30, 2024, suggesting a marginal reduction in the efficiency of working capital utilization in relation to sales.

A significant change is observed in the year ending June 30, 2025, where the ratio sharply escalated to 2,880.81. This unprecedented jump indicates a potentially anomalous figure, which could be attributable to a data input error, extraordinary accounting adjustments, or a one-time operational event that drastically affected the ratio. Such an extraordinary value warrants further investigation to verify accuracy and understand underlying causes.

Overall, the pattern from 2021 to 2024 suggests a gradual decline in working capital efficiency, while the anomaly in 2025 disrupts the trend and highlights the need for closer scrutiny of the financial data for the latest year.