Manhattan Associates Inc (MANH)

Working capital turnover

Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020
Revenue (ttm) US$ in thousands 1,066,804 1,057,690 1,050,587 1,042,352 1,024,806 996,566 962,264 928,725 888,573 848,233 809,141 767,084 740,475 711,559 685,749 663,643 639,231 619,803 589,319 586,372
Total current assets US$ in thousands 525,770 483,346 455,335 503,264 452,313 426,146 445,206 479,190 392,859 360,019 371,504 415,375 366,695 374,552 377,270 408,419 385,667 347,232 330,051 334,041
Total current liabilities US$ in thousands 400,408 407,165 405,016 400,304 362,243 362,710 372,020 365,915 332,826 330,609 322,753 315,595 283,970 271,226 257,048 249,042 232,862 216,861 206,738 196,986
Working capital turnover 8.51 13.88 20.88 10.12 11.38 15.71 13.15 8.20 14.80 28.84 16.60 7.69 8.95 6.89 5.70 4.16 4.18 4.75 4.78 4.28

September 30, 2025 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,066,804K ÷ ($525,770K – $400,408K)
= 8.51