CACI International Inc (CACI)

Working capital turnover

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Revenue (ttm)	US$ in thousands	7,660,210	7,220,080	7,030,990	6,854,040	6,619,030	6,571,140	6,425,340	6,270,640	6,161,570	6,094,170	6,062,320	6,047,260	6,016,410	5,947,990	5,856,550	5,778,030	5,675,420	5,553,720	5,353,600	5,144,630
Total current assets	US$ in thousands	1,374,530	1,393,530	1,303,800	1,366,410	1,210,040	1,308,640	1,175,180	1,125,990	1,209,640	1,193,240	1,335,060	1,242,170	1,331,180	1,128,680	995,706	1,100,870	1,085,890	1,074,370	1,024,070	1,042,270
Total current liabilities	US$ in thousands	1,078,260	1,084,840	986,126	1,100,130	993,971	1,064,460	981,648	965,831	1,027,360	927,442	937,019	836,274	884,801	842,891	772,804	753,354	769,159	779,165	769,391	773,624
Working capital turnover		25.86	23.39	22.13	25.74	30.63	26.91	33.20	39.15	33.80	22.93	15.23	14.90	13.48	20.81	26.27	16.63	17.92	18.81	21.02	19.15

June 30, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $7,660,210K ÷ ($1,374,530K – $1,078,260K)
= 25.86

The working capital turnover ratio for CACI International Inc has exhibited fluctuations over the past several quarters. The ratio indicates how efficiently the company is using its working capital to generate sales revenue.

Analyzing the trend, we can see that the working capital turnover ratio has generally been on an upward trajectory from the end of 2019 to the middle of 2022, indicating a more efficient use of working capital to generate revenue during this period. However, there has been volatility in the ratio from 2022 to 2024, with fluctuations in the efficiency of working capital utilization.

The working capital turnover ratio peaked at 39.15 in September 2022, suggesting a significant efficiency in converting working capital into sales at that point in time. On the other hand, the ratio decreased to 13.48 in December 2022, which may indicate a lower efficiency in utilizing working capital during that quarter.

Overall, the working capital turnover ratio for CACI International Inc has shown variability over the quarters, and further analysis would be needed to determine the specific reasons behind these fluctuations and the potential impact on the company's financial performance.