AeroVironment Inc (AVAV)

Working capital turnover

Apr 30, 2025 Apr 30, 2024 Apr 30, 2023 Apr 30, 2022 Apr 30, 2021
Revenue US$ in thousands 692,722 716,720 540,536 445,732 394,912
Total current assets US$ in thousands 606,516 515,581 477,002 368,909 401,638
Total current liabilities US$ in thousands 172,161 144,879 121,334 101,391 96,185
Working capital turnover 1.59 1.93 1.52 1.67 1.29

April 30, 2025 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $692,722K ÷ ($606,516K – $172,161K)
= 1.59

The working capital turnover ratio of AeroVironment Inc has demonstrated fluctuations over the period from April 30, 2021, to April 30, 2025. Starting at a value of 1.29 in 2021, the ratio increased significantly to 1.67 in 2022, indicating an improvement in the efficiency with which the company utilizes its working capital to generate sales. However, this upward trend was not sustained; in 2023, the ratio declined to 1.52, suggesting a slight reduction in operational efficiency regarding working capital management. The ratio then experienced a notable rise to 1.93 in 2024, marking the highest level within this period, which could reflect enhanced operational efficiency or better management of current assets and liabilities. Subsequently, the ratio decreased again to 1.59 in 2025, signaling a slight setback in working capital utilization. Overall, the trend shows periods of improvement interspersed with minor declines, suggesting that AeroVironment Inc has been actively managing its working capital to optimize sales efficiency, with the most recent ratio indicating a relatively strong position in this regard.


Peer comparison

Apr 30, 2025

Company name
Symbol
Working capital turnover
AeroVironment Inc
AVAV
1.59
The Boeing Company
BA
2.15