Capri Holdings Ltd (CPRI)
Working capital turnover
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,134,000 | 5,231,000 | 5,306,000 | 5,434,000 | 5,594,000 | 5,774,000 | 5,891,000 | 5,773,000 | 5,664,000 | 5,377,000 | 5,061,000 | 4,857,000 | 4,043,000 | 4,036,000 | 4,302,000 | 4,640,000 | 5,533,000 | 5,685,000 | 5,500,700 | 5,278,600 |
| Total current assets | US$ in thousands | 1,608,000 | 1,918,000 | 1,990,000 | 1,920,000 | 1,870,000 | 2,084,000 | 2,085,000 | 2,081,000 | 1,891,000 | 2,072,000 | 1,672,000 | 1,707,000 | 1,546,000 | 1,493,000 | 1,634,000 | 1,489,000 | 1,894,000 | 1,781,000 | 1,895,000 | 1,710,000 |
| Total current liabilities | US$ in thousands | 1,695,000 | 1,815,000 | 1,244,000 | 1,448,000 | 1,450,000 | 1,559,000 | 1,278,000 | 1,614,000 | 1,566,000 | 1,752,000 | 1,520,000 | 1,562,000 | 1,621,000 | 1,594,000 | 1,581,000 | 1,589,000 | 1,401,000 | 2,305,000 | 1,803,000 | 1,668,000 |
| Working capital turnover | — | 50.79 | 7.11 | 11.51 | 13.32 | 11.00 | 7.30 | 12.36 | 17.43 | 16.80 | 33.30 | 33.50 | — | — | 81.17 | — | 11.22 | — | 59.79 | 125.68 |
March 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $5,134,000K ÷ ($1,608,000K – $1,695,000K)
= —
The working capital turnover ratio for Capri Holdings Ltd has fluctuated over the periods indicated. The working capital turnover ratio measures how efficiently the company is utilizing its working capital to generate sales revenue.
For the most recent period of March 31, 2024, the working capital turnover ratio was not provided, making it difficult to assess the efficiency of working capital management for that particular period.
In general, the working capital turnover ratio was relatively high in the periods of March 31, 2020; December 31, 2020; January 2021; September 30, 2021; and December 31, 2021, indicating that the company was efficient in utilizing its working capital to generate sales during those periods.
Conversely, the working capital turnover ratio was lower in the periods of December 31, 2019; September 30, 2020; June 30, 2022; and September 30, 2022, suggesting that the company may have been less efficient in utilizing its working capital to support its sales activities during those periods.
Overall, a higher working capital turnover ratio is typically preferred as it indicates that the company is efficiently using its working capital to generate sales. However, it is important to consider the industry norms and compare the company's ratios to its competitors for better context and interpretation.
Peer comparison
Mar 31, 2024