Cardinal Health Inc (CAH)
Working capital turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 226,827,000 | 204,979,000 | 181,364,000 | 162,467,000 | 152,922,000 |
| Total current assets | US$ in thousands | 34,884,000 | 33,737,000 | 32,935,000 | 31,048,000 | 25,940,000 |
| Total current liabilities | US$ in thousands | 35,640,000 | 33,740,000 | 30,550,000 | 27,624,000 | 23,615,000 |
| Working capital turnover | — | — | 76.04 | 47.45 | 65.77 |
June 30, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $226,827,000K ÷ ($34,884,000K – $35,640,000K)
= —
Cardinal Health Inc's working capital turnover ratio has shown fluctuating trends over the past five years. In 2020, the ratio stood at 65.77, indicating that the company generated $65.77 in revenue for every dollar of working capital invested. The ratio increased to 47.45 in 2021, which suggests a slight decrease in efficiency in utilizing its working capital to generate revenue. However, the ratio significantly improved to 76.04 in 2022, indicating that the company became more effective in generating sales from its working capital. Unfortunately, there is missing data for 2023 and 2024, which makes it difficult to assess recent trends in the working capital turnover ratio. Nonetheless, the increasing trend in the earlier years suggests that Cardinal Health Inc has been able to improve its operational efficiency in utilizing its working capital effectively.
Peer comparison
Jun 30, 2024