Aspen Technology Inc (AZPN)
Working capital turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 1,127,480 | 1,044,180 | 482,311 |
| Total current assets | US$ in thousands | 876,066 | 833,064 | 1,047,490 |
| Total current liabilities | US$ in thousands | 337,401 | 352,427 | 300,936 |
| Working capital turnover | 2.09 | 2.17 | 0.65 |
June 30, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,127,480K ÷ ($876,066K – $337,401K)
= 2.09
The working capital turnover ratio for Aspen Technology Inc has fluctuated over the past three years, standing at 2.09 in 2024, 2.17 in 2023, and 0.65 in 2022. A higher working capital turnover ratio indicates that the company is efficiently managing its working capital to generate revenue. Aspen Technology Inc's working capital turnover has seen a slight decline from 2023 to 2024, suggesting a potential decrease in the efficiency of utilizing its working capital to support revenue generation. Further investigation into the company's working capital management practices and operational efficiency may be warranted to address this trend and optimize its working capital turnover ratio.
Peer comparison
Jun 30, 2024