HP Inc (HPQ)
Working capital turnover
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 53,559,000 | 53,718,000 | 62,910,000 | 63,460,000 | 56,639,000 |
| Total current assets | US$ in thousands | 20,760,000 | 17,977,000 | 19,736,000 | 22,170,000 | 20,648,000 |
| Total current liabilities | US$ in thousands | 28,687,000 | 24,488,000 | 26,189,000 | 29,096,000 | 26,220,000 |
| Working capital turnover | — | — | — | — | — |
October 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $53,559,000K ÷ ($20,760,000K – $28,687,000K)
= —
To calculate HP Inc's working capital turnover, we need to use the formula:
Working Capital Turnover = Revenue / Average Working Capital
However, without specific data on Working Capital or Revenue from the provided table, it is not possible to compute the Working Capital Turnover ratio for the years ending on October 31, 2020, 2021, 2022, 2023, and 2024.
Working Capital Turnover ratio is a measure of a company's efficiency in utilizing its working capital to generate sales. A higher ratio typically indicates that the company is effectively using its working capital to support its sales activities. Conversely, a lower ratio may indicate inefficiency in managing working capital.
If you can provide the specific figures for Revenue and Working Capital for each respective year, I would be able to calculate and analyze HP Inc's Working Capital Turnover in more detail.
Peer comparison
Oct 31, 2024