Coty Inc (COTY)

Working capital turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	US$ in thousands	6,119,900	5,281,400	5,118,600	4,115,500	4,449,400
Total current assets	US$ in thousands	1,963,500	2,051,700	1,681,900	1,783,100	6,495,000
Total current liabilities	US$ in thousands	2,601,800	2,736,800	2,565,600	2,415,400	3,585,700
Working capital turnover		—	—	—	—	1.53

June 30, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $6,119,900K ÷ ($1,963,500K – $2,601,800K)
= —

Based on the provided data, the working capital turnover ratio for Coty Inc is not available for the years 2020, 2021, 2022, 2023, and 2024. However, it was noted that the working capital turnover ratio for the year 2020 was 1.53. The working capital turnover ratio is a measure of how efficiently a company is utilizing its working capital to generate sales revenue.

A higher working capital turnover ratio indicates that the company is effectively using its working capital to support sales activities. On the other hand, a lower ratio may suggest inefficiencies in managing working capital or difficulties in converting working capital into sales.

Without data for the other years, it is challenging to provide a trend analysis. However, it is essential for Coty Inc to monitor its working capital turnover ratio over time to ensure optimal utilization of resources and efficient operations.