Catalent Inc (CTLT)
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 | 4,381,000 | 4,135,000 | 4,098,000 | 4,223,000 | 4,263,000 | 4,495,000 | 4,731,000 | 4,799,000 | 4,802,000 | 4,703,000 | 4,483,000 | 4,177,000 | 3,998,000 | 5,904,000 | 5,611,600 | 5,422,000 | 5,240,700 | 2,872,400 | 2,729,300 | 2,630,900 |
| Total current assets | US$ in thousands | 2,597,000 | 2,523,000 | 2,570,000 | 2,614,000 | 2,692,000 | 2,738,000 | 2,919,000 | 2,699,000 | 2,917,000 | 3,025,000 | 2,974,000 | 3,931,000 | 2,918,000 | 2,774,500 | 2,518,900 | 2,356,100 | 2,293,000 | 1,746,100 | 1,300,500 | 1,266,800 |
| Total current liabilities | US$ in thousands | 1,031,000 | 1,007,000 | 1,036,000 | 1,534,000 | 1,530,000 | 1,487,000 | 1,552,000 | 969,000 | 1,098,000 | 1,046,000 | 1,045,000 | 1,096,000 | 1,196,000 | 1,139,200 | 1,024,000 | 919,700 | 893,000 | 917,100 | 658,100 | 615,800 |
| Working capital turnover | 2.80 | 2.73 | 2.67 | 3.91 | 3.67 | 3.59 | 3.46 | 2.77 | 2.64 | 2.38 | 2.32 | 1.47 | 2.32 | 3.61 | 3.75 | 3.77 | 3.74 | 3.46 | 4.25 | 4.04 |
June 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,381,000K ÷ ($2,597,000K – $1,031,000K)
= 2.80
The working capital turnover ratio for Catalent Inc has shown fluctuations over the past few quarters. The ratio measures how efficiently the company is utilizing its working capital to generate sales revenue. A higher ratio indicates better efficiency in managing working capital.
Looking at the trend, we see that the working capital turnover ratio has generally been fluctuating between the range of 2.32 to 4.25 over the past few quarters. In the most recent quarter ending June 30, 2024, the ratio stood at 2.80, which shows a moderate level of efficiency in converting working capital into sales.
The highest ratio observed was in Q3 2019 at 4.25, indicating a peak in efficiency at that time. The lowest ratio was recorded in Q4 2021 at 1.47, suggesting a temporary decline in working capital efficiency.
Overall, the trend in the working capital turnover ratio for Catalent Inc indicates some variability in the management of working capital across different periods. Further analysis would be needed to understand the specific factors contributing to these fluctuations and assess the company's overall working capital management strategy.
Peer comparison
Jun 30, 2024