Coty Inc (COTY)

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	6,129,300	5,842,100	5,747,100	5,543,100	5,305,100	5,172,900	5,066,800	5,119,200	5,116,200	4,950,500	4,805,300	4,646,500	4,372,000	3,431,200	3,904,600	4,821,500	5,727,000	7,738,400	8,200,500	8,367,100
Total current assets	US$ in thousands	1,963,500	1,985,600	2,421,600	2,243,500	2,051,700	1,914,500	1,906,300	1,830,000	1,681,900	2,204,200	2,178,400	2,060,200	1,783,100	1,818,200	2,217,500	6,976,200	6,495,000	3,673,100	3,023,300	3,132,700
Total current liabilities	US$ in thousands	2,601,800	2,476,200	2,851,000	2,828,100	2,736,800	2,757,300	2,915,600	2,610,600	2,565,600	3,196,200	2,902,100	3,071,800	2,415,400	2,565,900	2,983,100	3,678,000	3,585,700	3,085,800	3,513,600	3,237,400
Working capital turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.46	1.97	13.18	—	—

June 30, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $6,129,300K ÷ ($1,963,500K – $2,601,800K)
= —

The working capital turnover ratio for Coty Inc has shown significant fluctuations over the past several quarters.

In the most recent quarter, the ratio is not available, indicating that there may be missing or incomplete data for the calculation.

Looking back, we see that the ratio was relatively stable during the first half of 2020 but then experienced a sharp increase in the third quarter of 2020 to 13.18, which may indicate a more efficient use of working capital during that period.

However, the lack of data points in between makes it difficult to analyze the trend effectively.

It is important for the company to provide consistent and accurate financial data to allow for a more thorough examination of its working capital turnover over time.