Edgewell Personal Care Co (EPC)
Working capital turnover
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,271,400 | 2,251,600 | 2,254,400 | 2,228,200 | 2,177,500 | 2,171,700 | 2,178,000 | 2,127,900 | 2,099,500 | 2,087,300 | 2,032,900 | 1,943,100 | 1,946,800 | 1,949,700 | 1,988,900 | 2,114,200 | 2,137,900 | 2,141,000 | 2,150,400 | 2,161,800 |
| Total current assets | US$ in thousands | 1,005,500 | 962,400 | 988,600 | 1,009,200 | 1,007,500 | 942,200 | 933,700 | 968,700 | 966,900 | 1,135,700 | 1,102,000 | 987,700 | 933,400 | 983,600 | 1,151,500 | 989,200 | 946,600 | 1,044,400 | 1,035,600 | 1,021,800 |
| Total current liabilities | US$ in thousands | 467,700 | 523,400 | 579,800 | 569,000 | 501,300 | 539,500 | 575,100 | 544,200 | 483,900 | 536,800 | 547,100 | 483,800 | 428,900 | 510,500 | 484,400 | 486,200 | 462,500 | 659,600 | 678,600 | 508,600 |
| Working capital turnover | 4.22 | 5.13 | 5.51 | 5.06 | 4.30 | 5.39 | 6.07 | 5.01 | 4.35 | 3.49 | 3.66 | 3.86 | 3.86 | 4.12 | 2.98 | 4.20 | 4.42 | 5.56 | 6.02 | 4.21 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,271,400K ÷ ($1,005,500K – $467,700K)
= 4.22
The working capital turnover ratio for Edgewell Personal Care Co has shown fluctuations over the past eight quarters, ranging from a low of 4.22 in Q1 2024 to a high of 6.07 in Q3 2022. The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales revenue.
A higher working capital turnover ratio generally indicates that the company is efficiently using its current assets to support sales activities. In the case of Edgewell Personal Care Co, we see that the ratio has varied over time but generally remained above 5. This suggests that the company has been effectively managing its working capital to support its operations and generate sales.
The trend of the working capital turnover ratio indicates that Edgewell Personal Care Co has been able to maintain a relatively efficient use of its working capital over the quarters analyzed. However, it is important to conduct further analysis and compare these ratios with industry benchmarks to gain a more comprehensive understanding of the company's efficiency in managing its working capital.
Peer comparison
Dec 31, 2023