Parker-Hannifin Corporation (PH)

Working capital turnover

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Revenue	US$ in thousands	19,850,000	19,929,600	19,065,200	15,861,600	14,347,600
Total current assets	US$ in thousands	6,950,000	6,798,620	6,834,230	12,046,600	5,616,750
Total current liabilities	US$ in thousands	5,819,000	7,313,310	7,735,370	5,859,320	3,096,500
Working capital turnover		17.55	—	—	2.56	5.69

June 30, 2025 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $19,850,000K ÷ ($6,950,000K – $5,819,000K)
= 17.55

The working capital turnover ratio for Parker-Hannifin Corporation reflects significant fluctuations over the analyzed period. As of June 30, 2021, the ratio stood at 5.69, indicating a relatively efficient utilization of working capital in generating sales. By June 30, 2022, this ratio declined markedly to 2.56, suggesting a reduction in the effectiveness of working capital management or potential changes in sales volume relative to working capital levels.

In the subsequent years, data is unavailable for June 30, 2023, and June 30, 2024, indicating potential gaps or interim periods not captured in this dataset. Notably, by June 30, 2025, the working capital turnover ratio is reported at a markedly elevated level of 17.55. Such an increase may signal a considerable improvement in the efficiency of working capital utilization, possibly driven by increased sales relative to working capital, a shift in working capital management strategies, or other operational changes.

Overall, the trend demonstrates a significant decrease from 2021 to 2022, followed by a substantial rebound by 2025. This pattern warrants consideration of underlying operational or strategic factors that could have influenced working capital levels and sales performance during this timeframe.