CACI International Inc (CACI)

Liquidity ratios

	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
Current ratio	1.27	1.28	1.32	1.24	1.22	1.23	1.20	1.17	1.18	1.29	1.42	1.49	1.50	1.34	1.29	1.46	1.41	1.38	1.33	1.35
Quick ratio	1.08	1.08	1.09	1.03	1.02	1.04	1.00	0.97	1.01	1.06	1.04	1.05	1.09	1.15	1.10	1.25	1.23	1.18	1.17	1.20
Cash ratio	0.12	0.15	0.13	0.12	0.12	0.10	0.12	0.14	0.11	0.13	0.13	0.12	0.10	0.13	0.13	0.17	0.14	0.10	0.09	0.11

Based on the liquidity ratios of CACI International Inc over the past few quarters, we can observe the following trends:

1. Current Ratio:
- The current ratio has fluctuated slightly over the quarters, ranging from 1.17 to 1.32.
- Generally, the company has maintained a current ratio above 1, indicating that it has more current assets to cover its current liabilities.
- The ratio peaked at 1.49 in March 2023 and has since slightly declined, though it remains above 1.

2. Quick Ratio:
- The quick ratio has also shown some variation, with values ranging between 0.97 and 1.25.
- Similar to the current ratio, the quick ratio has generally been above 1, suggesting that the company can cover its immediate liabilities without relying on inventory.
- Notably, the quick ratio increased to 1.25 in March 2020, indicating a strong ability to meet short-term obligations without relying on inventory sales.

3. Cash Ratio:
- The cash ratio fluctuated between 0.10 and 0.17 over the quarters.
- While the cash ratio is generally lower than the current and quick ratios, it provides insight into the company's ability to cover short-term liabilities with cash and cash equivalents.
- The ratio peaked at 0.17 in December 2020, indicating a relatively higher proportion of cash to current liabilities at that time.

Overall, CACI International Inc has maintained relatively stable liquidity positions with a current ratio above 1 and quick ratio consistently above 1 as well. The company's ability to meet short-term obligations appears to be supported by a reasonable level of current assets, including cash and equivalents. However, it is important to continue monitoring these ratios to ensure ongoing liquidity strength and financial stability.

Additional liquidity measure

		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
Cash conversion cycle	days	40.36	38.72	40.28	41.05	45.33	43.91	39.75	38.78	41.81	44.88	44.46	44.77	48.81	50.72	47.78	51.65	52.38	45.04	49.86	52.55

CACI International Inc's cash conversion cycle has fluctuated over the past few quarters. The company's cash conversion cycle, a key measure of the efficiency of its working capital management, has ranged from a low of 38.72 days to a high of 52.55 days over the last two years.

On average, CACI International Inc takes around 45 days to convert its investments in inventory and other resources into cash receipts from customers. A lower cash conversion cycle indicates that the company is able to efficiently manage its working capital, while a higher cycle may suggest potential inefficiencies in the company's operations.

Looking at the trend over the past quarters, there seems to be some variability in the cash conversion cycle, with fluctuations possibly influenced by factors such as changes in inventory management, payment terms with customers, and the efficiency of accounts receivable collection.

Overall, monitoring and analyzing the cash conversion cycle can provide insights into CACI International Inc's ability to efficiently manage its working capital and generate cash flows from its operations.