Premier Inc (PINC)
Working capital turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,012,650 | 1,346,360 | 1,336,100 | 1,432,900 | 1,721,150 |
| Total current assets | US$ in thousands | 585,803 | 748,016 | 641,626 | 645,566 | 782,296 |
| Total current liabilities | US$ in thousands | 910,633 | 746,563 | 815,463 | 753,137 | 716,784 |
| Working capital turnover | — | 926.61 | — | — | 26.27 |
June 30, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,012,650K ÷ ($585,803K – $910,633K)
= —
The working capital turnover ratio for Premier Inc demonstrates a notable fluctuation over the specified period. As of June 30, 2021, the ratio was 26.27, indicating a relatively high efficiency in utilizing working capital to generate revenue during that year. This ratio was not available (represented by an em dash) for June 30, 2022 and June 30, 2023, suggesting that either the necessary data was not reported, or the ratio was perhaps not calculated or considered significant for those periods.
A significant change is observed in June 30, 2024, when the working capital turnover ratio sharply increased to 926.61. This extraordinary rise signifies an extraordinarily high level of efficiency in converting working capital into sales or revenue during that year. Such a dramatic increase could be attributed to various factors, such as a substantial reduction in working capital levels, an exceptional increase in revenue, or a combination of both. It might also indicate unusual accounting adjustments or extraordinary operational conditions.
By June 30, 2025, the ratio once again is unavailable (depicted by an em dash), precluding analysis for that year.
Overall, the data suggests that Premier Inc experienced a period of high operational efficiency in utilizing working capital around June 2024, but the absence of consistent data pre- and post- that period limits a thorough trend analysis. The dramatic spike warrants further investigation into underlying financial events or accounting practices that led to such an anomaly.
Peer comparison
Jun 30, 2025