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