CACI International Inc (CACI)

Working capital turnover

Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 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
Revenue (ttm) US$ in thousands 8,627,820 8,361,980 8,132,460 7,866,580 7,659,840 7,324,640 7,131,450 6,946,940 6,702,550 6,641,710 6,481,420 6,317,780 6,202,920 6,124,660 6,092,600 6,075,530 6,044,140 5,975,720 5,889,400 5,816,160
Total current assets US$ in thousands 1,779,940 1,699,050 1,633,400 1,747,100 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
Total current liabilities US$ in thousands 1,208,110 1,076,710 1,071,480 1,001,100 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
Working capital turnover 15.09 13.44 14.47 10.55 25.85 23.73 22.45 26.09 31.02 27.20 33.49 39.45 34.03 23.04 15.31 14.97 13.54 20.91 26.42 16.74

June 30, 2025 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $8,627,820K ÷ ($1,779,940K – $1,208,110K)
= 15.09

The working capital turnover ratio for CACI International Inc demonstrates considerable fluctuations over the analyzed period from September 2020 through June 2025. Initially, in September 2020, the ratio was notably low at 16.74, indicating that the company was generating approximately 16.7 dollars of revenue per dollar of working capital. Over the subsequent quarters, there was a general upward trend, reaching peaks such as 26.42 at the end of 2020, 34.03 in June 2022, and reaching a high of 39.45 in September 2022, reflecting increasingly efficient utilization of working capital to generate revenue.

This upward movement suggests periods where CACI improved its operational efficiency, likely through better management of receivables, payables, and inventories, which led to a higher turnover rate and thus more effective use of working capital. However, this positive trend experienced some intermittent declines, such as the drop to 26.09 in September 2023, indicating times when working capital productivity dimmed.

From September 2024 onward, the working capital turnover ratio declined significantly to 10.55 in September 2024 and remained relatively low at 14.47 by December 2024, before stabilizing somewhat around the mid-teens in early 2025. This decrease could suggest challenges in maintaining previous efficiency levels, potentially caused by increased working capital levels, slower revenue growth, or operational adjustments.

Overall, the data portrays a cycle of improvement followed by periods of decline, with the ratio displaying substantial fluctuation that reflects varying degrees of operational efficiency and asset utilization associated with the company's management of working capital.