Keysight Technologies Inc (KEYS)
Working capital turnover
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,979,000 | 5,003,000 | 5,168,000 | 5,342,000 | 5,464,000 | 5,596,000 | 5,590,000 | 5,551,000 | 5,420,000 | 5,271,000 | 5,141,000 | 5,011,000 | 4,941,000 | 4,867,000 | 4,632,000 | 4,306,000 | 4,221,000 | 4,121,000 | 4,197,000 | 4,392,000 |
| Total current assets | US$ in thousands | 4,257,000 | 3,996,000 | 3,968,000 | 4,076,000 | 4,809,000 | 4,902,000 | 4,764,000 | 4,498,000 | 4,234,000 | 3,961,000 | 3,886,000 | 3,808,000 | 3,834,000 | 3,829,000 | 3,718,000 | 3,566,000 | 3,374,000 | 3,278,000 | 3,293,000 | 3,326,000 |
| Total current liabilities | US$ in thousands | 1,427,000 | 1,949,000 | 1,994,000 | 2,116,000 | 2,049,000 | 1,338,000 | 1,422,000 | 1,465,000 | 1,407,000 | 1,312,000 | 1,360,000 | 1,257,000 | 1,309,000 | 1,199,000 | 1,288,000 | 1,124,000 | 1,081,000 | 980,000 | 949,000 | 982,000 |
| Working capital turnover | 1.76 | 2.44 | 2.62 | 2.73 | 1.98 | 1.57 | 1.67 | 1.83 | 1.92 | 1.99 | 2.04 | 1.96 | 1.96 | 1.85 | 1.91 | 1.76 | 1.84 | 1.79 | 1.79 | 1.87 |
October 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,979,000K ÷ ($4,257,000K – $1,427,000K)
= 1.76
The working capital turnover ratio for Keysight Technologies Inc has shown fluctuations over the past few years, ranging from as low as 1.57 to as high as 2.73. The ratio indicates how efficiently the company is utilizing its working capital to generate revenue. A higher ratio signifies better efficiency in utilizing working capital.
In the most recent period, the working capital turnover ratio was 2.44, indicating an improvement in the efficiency of working capital management compared to the previous periods. This suggests that the company was able to generate sales revenue more efficiently using its current assets and liabilities.
Overall, the working capital turnover ratio for Keysight Technologies Inc has shown variability but generally demonstrates a reasonable level of efficiency in managing working capital to generate revenue. Further analysis of the company's working capital management practices and strategies may provide additional insights into its operational efficiency and financial performance.
Peer comparison
Oct 31, 2024