Ciena Corp (CIEN)
Working capital turnover
| Nov 2, 2024 | Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,014,960 | 4,386,550 | 3,632,660 | 3,620,680 | 3,532,160 |
| Total current assets | US$ in thousands | 3,544,420 | 3,575,780 | 3,385,900 | 3,188,910 | 2,611,160 |
| Total current liabilities | US$ in thousands | 999,840 | 932,021 | 1,040,580 | 909,030 | 760,701 |
| Working capital turnover | 1.58 | 1.66 | 1.55 | 1.59 | 1.91 |
November 2, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $4,014,960K ÷ ($3,544,420K – $999,840K)
= 1.58
The working capital turnover ratio for Ciena Corp has decreased gradually over the past five years, from 1.91 in October 2020 to 1.58 in November 2024. This indicates that the company's ability to efficiently utilize its working capital to generate sales revenue has slightly declined over this period. While a decrease in this ratio can imply less efficient management of working capital, it is essential to consider other factors affecting the company's operations and financial performance to gain a comprehensive understanding of the situation. Further analysis, including the company's liquidity position, profitability, and overall financial health, would provide a more complete assessment of Ciena Corp's operational efficiency and financial management.
Peer comparison
Nov 2, 2024