Acuity Brands Inc (AYI)
Working capital turnover
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,813,600 | 3,850,400 | 3,913,100 | 4,022,500 | 4,082,500 | 4,049,200 | 3,979,100 | 3,887,700 | 3,727,000 | 3,594,000 | 3,461,000 | 3,363,200 | 3,240,000 | 3,287,700 | 3,326,400 | 3,379,200 | 3,547,600 | 3,575,500 | 3,672,900 | 3,768,000 |
| Total current assets | US$ in thousands | 1,546,800 | 1,474,100 | 1,395,200 | 1,408,400 | 1,393,500 | 1,455,800 | 1,466,000 | 1,608,600 | 1,672,000 | 1,599,900 | 1,544,300 | 1,538,500 | 1,344,100 | 1,347,700 | 1,439,700 | 1,380,300 | 1,307,800 | 1,206,400 | 1,441,800 | 1,379,300 |
| Total current liabilities | US$ in thousands | 597,900 | 600,600 | 595,400 | 624,200 | 596,300 | 697,600 | 733,600 | 866,900 | 743,700 | 695,200 | 692,200 | 671,400 | 576,300 | 583,400 | 617,600 | 575,900 | 572,200 | 572,600 | 596,100 | 631,000 |
| Working capital turnover | 4.02 | 4.41 | 4.89 | 5.13 | 5.12 | 5.34 | 5.43 | 5.24 | 4.01 | 3.97 | 4.06 | 3.88 | 4.22 | 4.30 | 4.05 | 4.20 | 4.82 | 5.64 | 4.34 | 5.04 |
February 29, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,813,600K ÷ ($1,546,800K – $597,900K)
= 4.02
The working capital turnover for Acuity Brands Inc has shown fluctuations over the past 20 periods. The ratio measures how efficiently the company is utilizing its working capital to generate sales revenue. A higher working capital turnover indicates better efficiency in managing working capital.
From Nov 30, 2019, to May 31, 2020, there was a decreasing trend in the working capital turnover ratio, reaching a low of 4.05. However, from May 31, 2020, to Nov 30, 2020, the ratio increased to 4.30 and further improved to 4.22 by Feb 28, 2021.
The ratio peaked at 5.43 on Aug 31, 2022, before slightly decreasing in subsequent periods. The highest efficiency in utilizing working capital was observed on Aug 31, 2022, with a turnover of 5.43. The most recent ratio of 4.02 on Feb 29, 2024, indicates a slight decrease in efficiency compared to the previous period.
Overall, Acuity Brands Inc has generally maintained a relatively high working capital turnover ratio, reflecting efficient management of working capital to support its sales activities. Monitoring this ratio over time can provide valuable insights into the company's operational efficiency and financial health.
Peer comparison
Feb 29, 2024