Capri Holdings Ltd (CPRI)
Working capital turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,134,000 | 5,594,000 | 5,664,000 | 4,043,000 | 5,528,000 |
| Total current assets | US$ in thousands | 1,608,000 | 1,870,000 | 1,891,000 | 1,546,000 | 1,894,000 |
| Total current liabilities | US$ in thousands | 1,695,000 | 1,450,000 | 1,566,000 | 1,621,000 | 1,401,000 |
| Working capital turnover | — | 13.32 | 17.43 | — | 11.21 |
March 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $5,134,000K ÷ ($1,608,000K – $1,695,000K)
= —
The working capital turnover for Capri Holdings Ltd has shown fluctuating trends over the past five years. In particular, the turnover ratios for Mar 31, 2023 and Mar 31, 2022 were 13.32 and 17.43, respectively, indicating the company's ability to efficiently utilize its working capital to generate sales revenue during those years. However, for the years Mar 31, 2020 and Mar 31, 2024, the working capital turnover was lower at 11.21 and an unspecified level, respectively, suggesting a potential decrease in the effectiveness of the company's working capital management in those periods. Overall, a higher working capital turnover ratio signifies more efficient utilization of working capital to generate sales, while a declining trend may indicate inefficiencies in managing working capital resources. Further analysis and comparison with industry benchmarks would provide deeper insights into the company's working capital efficiency.
Peer comparison
Mar 31, 2024