Manhattan Associates Inc (MANH)

Working capital turnover

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Revenue US$ in thousands 1,081,390 1,042,350 928,725 767,084 663,643
Total current assets US$ in thousands 583,338 503,264 479,190 415,375 408,419
Total current liabilities US$ in thousands 455,913 400,304 365,915 315,595 249,042
Working capital turnover 8.49 10.12 8.20 7.69 4.16

December 31, 2025 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,081,390K ÷ ($583,338K – $455,913K)
= 8.49