Keysight Technologies Inc (KEYS)
Working capital turnover
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,464,000 | 5,420,000 | 4,941,000 | 4,221,000 | 4,303,000 |
| Total current assets | US$ in thousands | 4,809,000 | 4,234,000 | 3,834,000 | 3,374,000 | 3,215,000 |
| Total current liabilities | US$ in thousands | 2,049,000 | 1,407,000 | 1,309,000 | 1,081,000 | 1,003,000 |
| Working capital turnover | 1.98 | 1.92 | 1.96 | 1.84 | 1.95 |
October 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $5,464,000K ÷ ($4,809,000K – $2,049,000K)
= 1.98
The working capital turnover of Keysight Technologies Inc has shown some fluctuations over the past five years. The ratio is calculated by dividing net sales by average working capital, providing an indication of how efficiently the company is utilizing its working capital to generate revenue.
The trend indicates that the company's working capital turnover has ranged between 1.84 and 1.98, with a slight variation from year to year. A working capital turnover above 1 suggests that the company is effectively using its working capital to generate sales.
Overall, Keysight Technologies Inc has maintained a relatively stable working capital turnover, indicating consistency in the management of its working capital to support its sales operations over the past five years.
Peer comparison
Oct 31, 2023