Cardinal Health Inc (CAH)
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 | 226,668,000 | 220,413,000 | 216,043,000 | 210,070,000 | 205,023,000 | 198,673,000 | 193,011,000 | 186,999,000 | 181,364,000 | 176,847,000 | 171,286,000 | 167,370,000 | 162,467,000 | 156,570,000 | 156,452,000 | 154,646,000 | 152,922,000 | 153,586,000 | 149,657,000 | 147,662,000 |
| Total current assets | US$ in thousands | 34,884,000 | 35,734,000 | 37,658,000 | 34,688,000 | 33,737,000 | 33,497,000 | 34,596,000 | 32,696,000 | 32,935,000 | 30,884,000 | 31,847,000 | 29,731,000 | 31,048,000 | 30,362,000 | 30,113,000 | 27,030,000 | 25,940,000 | 25,848,000 | 25,736,000 | 23,715,000 |
| Total current liabilities | US$ in thousands | 35,640,000 | 36,306,000 | 38,286,000 | 35,065,000 | 33,740,000 | 32,503,000 | 33,212,000 | 31,559,000 | 30,550,000 | 28,715,000 | 27,729,000 | 26,499,000 | 27,624,000 | 25,323,000 | 25,750,000 | 24,016,000 | 23,615,000 | 24,671,000 | 24,890,000 | 22,549,000 |
| Working capital turnover | — | — | — | — | — | 199.87 | 139.46 | 164.47 | 76.04 | 81.53 | 41.59 | 51.79 | 47.45 | 31.07 | 35.86 | 51.31 | 65.77 | 130.49 | 176.90 | 126.64 |
June 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $226,668,000K ÷ ($34,884,000K – $35,640,000K)
= —
The working capital turnover for Cardinal Health Inc has shown fluctuations over the past several quarters. In the most recent quarter (June 30, 2023), the working capital turnover was 199.87, indicating that the company generated $199.87 in net sales revenue for every dollar of working capital invested. This represents a significant improvement from the previous quarter, where the working capital turnover was 139.46.
Looking at a longer historical perspective, the working capital turnover has varied widely, with peaks and troughs seen throughout the periods analyzed. The highest working capital turnover was recorded in December 2019 at 176.90, suggesting efficient utilization of working capital resources to generate revenue.
On the other hand, there have been instances where the working capital turnover was relatively lower, such as in March 2022 (41.59) and September 2022 (76.04), indicating potential inefficiencies in managing working capital during those periods.
Overall, a higher working capital turnover indicates better efficiency in utilizing working capital to generate sales, while a lower turnover may suggest room for improvement in managing working capital efficiently. It is essential for Cardinal Health Inc to monitor and optimize its working capital turnover continuously to ensure effective utilization of resources and maximize profitability.
Peer comparison
Jun 30, 2024