Amphenol Corporation (APH)
Working capital turnover
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 12,554,600 | 12,466,300 | 12,562,300 | 12,645,200 | 12,623,100 | 12,410,700 | 11,934,000 | 11,451,100 | 10,876,300 | 10,275,500 | 9,780,400 | 9,114,000 | 8,598,900 | 8,323,900 | 8,101,100 | 8,128,900 | 8,225,400 | 8,299,100 | 8,327,500 | 8,293,600 |
| Total current assets | US$ in thousands | 6,835,300 | 6,773,300 | 6,321,300 | 6,394,000 | 6,479,100 | 6,326,900 | 6,311,000 | 6,108,700 | 5,958,200 | 6,919,800 | 6,491,200 | 6,186,700 | 5,490,800 | 5,037,000 | 4,618,000 | 5,517,500 | 4,211,200 | 4,232,200 | 4,222,100 | 4,127,500 |
| Total current liabilities | US$ in thousands | 3,152,700 | 2,908,800 | 2,709,700 | 2,426,200 | 2,676,100 | 2,654,900 | 2,580,700 | 2,397,200 | 2,447,100 | 2,885,000 | 2,996,500 | 2,547,900 | 2,304,300 | 2,215,000 | 1,785,200 | 2,170,200 | 2,132,700 | 2,122,600 | 2,052,900 | 1,649,200 |
| Working capital turnover | 3.41 | 3.23 | 3.48 | 3.19 | 3.32 | 3.38 | 3.20 | 3.09 | 3.10 | 2.55 | 2.80 | 2.50 | 2.70 | 2.95 | 2.86 | 2.43 | 3.96 | 3.93 | 3.84 | 3.35 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $12,554,600K ÷ ($6,835,300K – $3,152,700K)
= 3.41
Amphenol Corp.'s working capital turnover has fluctuated over the past eight quarters, ranging from 3.09 to 3.48. The metric peaked in Q2 2023 at 3.48 and hit its lowest point in Q1 2022 at 3.09. Overall, the company has maintained a relatively stable working capital turnover ratio, indicating its ability to efficiently utilize its working capital to generate sales revenue. A higher turnover ratio suggests that Amphenol Corp. is effectively converting its working capital into revenue-generating activities. However, it is essential to compare this ratio with industry benchmarks to assess the company's performance relative to its peers.
See also:
Amphenol Corporation Working Capital Turnover (Quarterly Data)