Mercury Systems Inc (MRCY)
Working capital turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 912,020 | 835,275 | 973,882 | 988,197 | 923,996 |
| Total current assets | US$ in thousands | 9,286 | 953,784 | 937,018 | 814,332 | 643,100 |
| Total current liabilities | US$ in thousands | 300,377 | 234,416 | 233,264 | 193,927 | 150,823 |
| Working capital turnover | — | 1.16 | 1.38 | 1.59 | 1.88 |
June 30, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $912,020K ÷ ($9,286K – $300,377K)
= —
The working capital turnover ratio for Mercury Systems Inc. indicates a consistent downward trend over the specified period. As of June 30, 2021, the ratio stood at 1.88, reflecting the company's efficiency in utilizing its working capital to generate revenue. By June 30, 2022, this ratio decreased to 1.59, and further declined to 1.38 on June 30, 2023. The ratio continued its downward trajectory, reaching 1.16 as of June 30, 2024. The data for June 30, 2025, appears to be unavailable or not reported, suggesting that evaluations for that period are incomplete or pending. Overall, the declining trend in the working capital turnover ratio suggests that Mercury Systems Inc. has been experiencing decreasing efficiency in leveraging its working capital to generate sales over this period. This could be indicative of increasing working capital relative to sales or possible operational or financial dynamics affecting the company's working capital management.
Peer comparison
Jun 30, 2025