ESCO Technologies Inc (ESE)
Working capital turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,011,550 | 947,264 | 852,649 | 715,135 | 728,985 |
| Total current assets | US$ in thousands | 668,649 | 581,095 | 572,622 | 466,154 | 443,293 |
| Total current liabilities | US$ in thousands | 349,854 | 314,651 | 318,129 | 274,995 | 255,484 |
| Working capital turnover | 3.17 | 3.56 | 3.35 | 3.74 | 3.88 |
September 30, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,011,550K ÷ ($668,649K – $349,854K)
= 3.17
The working capital turnover for ESCO Technologies Inc has shown some fluctuations over the past five years. In the most recent year ending September 30, 2024, the working capital turnover decreased to 3.17 from 3.56 in the previous year. This indicates that the company generated $3.17 in revenue for every dollar of working capital invested.
Although there has been a slight decline in the working capital turnover ratio, the company's efficiency in utilizing its working capital to generate revenue remains relatively strong compared to previous years. It is important for ESCO Technologies Inc to closely monitor and manage its working capital turnover to ensure optimal utilization of its resources and maintain healthy liquidity levels. Further analysis and comparison with industry benchmarks may provide additional insights into the company's performance in managing its working capital effectively.
Peer comparison
Sep 30, 2024