Air Products and Chemicals Inc (APD)
Working capital turnover
| Sep 30, 2025 | Jun 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 12,037,300 | 12,057,900 | 12,020,500 | 12,034,500 | 12,100,100 | 12,103,900 | 12,152,500 | 12,422,400 | 12,600,000 | 12,978,700 | 13,134,100 | 12,879,100 | 12,698,600 | 11,969,700 | 11,385,100 | 10,942,000 | 10,323,000 | 9,802,000 | 9,262,500 | 8,976,800 |
| Total current assets | US$ in thousands | 5,825,800 | 6,147,600 | 5,187,600 | 5,351,700 | 6,363,000 | 5,677,400 | 6,057,300 | 5,649,500 | 5,200,500 | 5,354,000 | 5,721,600 | 6,321,100 | 6,282,900 | 6,367,300 | 6,249,400 | 6,483,500 | 8,376,300 | 8,376,800 | 8,766,600 | 8,809,800 |
| Total current liabilities | US$ in thousands | 4,218,600 | 4,759,600 | 5,210,600 | 4,809,400 | 4,179,600 | 4,474,500 | 4,061,000 | 3,119,200 | 3,895,800 | 3,947,700 | 2,797,900 | 3,276,900 | 3,465,800 | 3,406,900 | 3,205,100 | 2,630,100 | 2,799,100 | 2,697,100 | 3,017,400 | 2,985,900 |
| Working capital turnover | 7.49 | 8.69 | — | 22.19 | 5.54 | 10.06 | 6.09 | 4.91 | 9.66 | 9.23 | 4.49 | 4.23 | 4.51 | 4.04 | 3.74 | 2.84 | 1.85 | 1.73 | 1.61 | 1.54 |
September 30, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $12,037,300K ÷ ($5,825,800K – $4,218,600K)
= 7.49
Peer comparison
Sep 30, 2025
Company name
Symbol
Working capital turnover
Air Products and Chemicals Inc
APD
7.49
Ashland Global Holdings Inc
ASH
2.59
WD-40 Company
WDFC
3.39
See also:
Air Products and Chemicals Inc Working Capital Turnover (Quarterly Data)