Dolby Laboratories (DLB)
Working capital turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,273,720 | 1,299,740 | 1,253,790 | 1,281,260 | 1,161,790 |
| Total current assets | US$ in thousands | 1,194,420 | 1,487,800 | 1,310,890 | 1,760,500 | 1,547,200 |
| Total current liabilities | US$ in thousands | 417,836 | 422,226 | 277,518 | 315,717 | 267,109 |
| Working capital turnover | 1.64 | 1.22 | 1.21 | 0.89 | 0.91 |
September 30, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,273,720K ÷ ($1,194,420K – $417,836K)
= 1.64
Dolby Laboratories' working capital turnover has shown a positive trend over the past five years, increasing from 0.91 in 2020 to 1.64 in 2024. This indicates that the company is generating revenue more efficiently relative to its working capital. A working capital turnover of 1.64 in 2024 suggests that Dolby Laboratories is able to generate $1.64 in revenue for every dollar of working capital invested. This improvement in efficiency is a positive sign for the company's financial management and operational performance. It indicates that Dolby Laboratories is effectively using its working capital to support its business activities and generate sales.
Peer comparison
Sep 30, 2024