Alpha and Omega Semiconductor Ltd (AOSL)

Working capital turnover

		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	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Revenue (ttm)	US$ in thousands	657,274	657,503	640,003	663,478	691,321	723,755	794,434	798,993	777,552	760,902	726,875	692,386	656,902	601,988	539,628	498,658	464,909	454,370	456,585	453,650
Total current assets	US$ in thousands	398,001	394,551	406,619	439,929	423,936	475,350	517,143	548,142	549,592	517,813	466,707	473,067	407,322	382,356	361,270	331,468	318,333	291,931	295,323	294,396
Total current liabilities	US$ in thousands	154,233	159,939	161,596	187,547	172,561	214,317	221,529	244,331	267,722	199,492	177,977	257,106	233,230	211,916	211,513	198,264	192,058	190,834	185,009	190,071
Working capital turnover		2.70	2.80	2.61	2.63	2.75	2.77	2.69	2.63	2.76	2.39	2.52	3.21	3.77	3.53	3.60	3.74	3.68	4.49	4.14	4.35

June 30, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $657,274K ÷ ($398,001K – $154,233K)
= 2.70

The working capital turnover for Alpha and Omega Semiconductor Ltd has shown fluctuations over the past several quarters. Generally, the company has maintained a relatively consistent level of working capital turnover, with values ranging from 2.39 to 4.49.

The working capital turnover measures how efficiently the company is using its working capital to generate sales. A higher working capital turnover indicates that the company is efficiently managing its working capital to support its operations and generate revenue.

In the most recent quarter, the working capital turnover was 2.70, indicating that the company generated $2.70 in revenue for every dollar of working capital invested. While this is a solid ratio, it is slightly lower compared to the previous quarter (2.80).

Overall, the trend in the working capital turnover for Alpha and Omega Semiconductor Ltd shows some variability, but the company has generally demonstrated efficient management of its working capital to support its business activities. Monitoring this ratio over time can provide insights into the company's operational efficiency and effectiveness in utilizing its resources.