Micron Technology Inc (MU)
Working capital turnover
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | Aug 29, 2024 | May 31, 2024 | May 30, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Jun 1, 2023 | May 31, 2023 | Mar 2, 2023 | Feb 28, 2023 | Dec 1, 2022 | Nov 30, 2022 | Sep 1, 2022 | Aug 31, 2022 | Jun 2, 2022 | May 31, 2022 | Mar 3, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 32,684,000 | 31,442,000 | 29,432,000 | 27,506,000 | 24,060,000 | 21,259,000 | 23,285,000 | 21,213,000 | 20,100,000 | 19,783,000 | 15,092,000 | 15,425,000 | 18,435,000 | 21,385,000 | 25,954,000 | 30,511,000 | 31,619,000 | 32,762,000 | 31,718,000 | 30,763,000 |
| Total current assets | US$ in thousands | 24,689,000 | 24,493,000 | 24,372,000 | 24,372,000 | 23,319,000 | 23,319,000 | 23,435,000 | 21,058,000 | 21,244,000 | 21,734,000 | 21,734,000 | 21,898,000 | 21,898,000 | 22,921,000 | 22,921,000 | 21,781,000 | 21,781,000 | 22,708,000 | 22,708,000 | 21,502,000 |
| Total current liabilities | US$ in thousands | 7,877,000 | 9,015,000 | 9,248,000 | 9,248,000 | 6,840,000 | 6,840,000 | 6,259,000 | 5,962,000 | 4,765,000 | 5,104,000 | 5,104,000 | 5,255,000 | 5,255,000 | 6,525,000 | 6,525,000 | 7,539,000 | 7,539,000 | 7,009,000 | 7,009,000 | 6,918,000 |
| Working capital turnover | 1.94 | 2.03 | 1.95 | 1.82 | 1.46 | 1.29 | 1.36 | 1.41 | 1.22 | 1.19 | 0.91 | 0.93 | 1.11 | 1.30 | 1.58 | 2.14 | 2.22 | 2.09 | 2.02 | 2.11 |
February 28, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $32,684,000K ÷ ($24,689,000K – $7,877,000K)
= 1.94
The working capital turnover ratio of Micron Technology Inc has fluctuated over the periods analyzed. It indicates how efficiently the company is utilizing its working capital to generate revenue.
From March 3, 2022 to August 31, 2022, the working capital turnover ratio improved steadily from 2.11 to 2.22, suggesting an efficient management of working capital during this period. However, there was a slight decline in the ratio to 2.14 by September 1, 2022.
Subsequently, the ratio experienced a notable decrease to 1.58 by November 30, 2022, followed by a further decline to 1.30 by December 1, 2022, indicating a potential decrease in the company's efficiency in utilizing its working capital to generate sales.
The ratio then showed some improvement, reaching 1.46 by May 31, 2024, and further increasing to 1.95 by August 31, 2024, suggesting a better utilization of working capital. The ratio peaked at 2.03 by November 30, 2024, indicating a significant enhancement in efficiency during that period.
However, there was a downtrend in the ratio from November 30, 2024 to February 28, 2025, where it decreased to 1.94. This may suggest a slight decrease in the efficiency of working capital utilization during that period.
Overall, the working capital turnover ratio of Micron Technology Inc has displayed fluctuations, with periods of both improvement and decline in working capital efficiency throughout the analyzed time frame.
Peer comparison
Feb 28, 2025
See also:
Micron Technology Inc Working Capital Turnover (Quarterly Data)