CACI International Inc (CACI)

Working capital turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	US$ in thousands	7,660,200	6,619,030	6,160,670	6,004,680	5,665,180
Total current assets	US$ in thousands	1,374,530	1,210,040	1,209,640	1,331,180	1,085,890
Total current liabilities	US$ in thousands	1,078,260	993,971	1,027,360	884,801	769,159
Working capital turnover		25.86	30.63	33.80	13.45	17.89

June 30, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $7,660,200K ÷ ($1,374,530K – $1,078,260K)
= 25.86

The working capital turnover ratio for CACI International Inc has exhibited fluctuations over the past five years. In Jun 30, 2024, the ratio stands at 25.86, showing a decrease compared to the previous year's ratio of 30.63 in Jun 30, 2023. This decline suggests that the company is generating $25.86 in revenue for every dollar of working capital invested. Despite the decrease, the ratio remains relatively strong, indicating efficient utilization of working capital.

In the years prior to 2024, the working capital turnover ratio consistently improved from 13.45 in Jun 30, 2021 to 33.80 in Jun 30, 2022, reflecting a significant enhancement in the company's ability to generate revenue from its working capital. This upward trend signifies an efficient management of working capital resources to drive sales and revenue growth.

Overall, CACI International Inc has demonstrated a generally positive trend in its working capital turnover ratio, indicating effective management of working capital to support business operations and generate revenue. The fluctuations observed in recent years highlight the company's ability to adapt to changing market conditions while maintaining a relatively efficient use of its working capital.