Premier Inc (PINC)
Working capital turnover
| 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 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,012,647 | 1,100,058 | 1,125,542 | 1,220,021 | 1,290,631 | 1,280,727 | 1,316,093 | 1,340,974 | 1,336,095 | 1,336,437 | 1,362,038 | 1,381,627 | 1,432,901 | 1,573,710 | 1,695,800 | 1,739,412 | 1,721,152 | 1,582,390 | 1,447,290 | 1,344,069 |
| Total current assets | US$ in thousands | 567,003 | 576,425 | 608,407 | 707,636 | 741,216 | 674,699 | 990,257 | 1,002,370 | 641,626 | 651,128 | 673,965 | 738,963 | 645,566 | 756,000 | 728,113 | 832,725 | 782,296 | 889,192 | 786,338 | 718,053 |
| Total current liabilities | US$ in thousands | 910,633 | 880,707 | 732,649 | 648,548 | 746,563 | 725,679 | 693,695 | 770,526 | 815,463 | 900,332 | 934,028 | 838,001 | 753,137 | 863,175 | 723,010 | 757,041 | 716,784 | 852,845 | 704,872 | 668,064 |
| Working capital turnover | — | — | — | 20.65 | — | — | 4.44 | 5.78 | — | — | — | — | — | — | 332.31 | 22.98 | 26.27 | 43.54 | 17.77 | 26.89 |
June 30, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,012,647K ÷ ($567,003K – $910,633K)
= —
The data indicates that Premier Inc’s working capital turnover experienced considerable fluctuations over the observed periods. In September 2020, the ratio was approximately 26.89, then declined notably to 17.77 by December 2020, suggesting a decrease in how efficiently working capital was utilized during that interval. A dramatic increase was observed in March 2021, with the ratio soaring to 43.54, potentially reflecting improved operational efficiency or changes in working capital management. Subsequently, the ratio decreased again in June and September 2021 to 26.27 and 22.98, respectively, indicating some stabilization but at lower levels compared to earlier in 2021.
A significant anomaly appears in December 2021, where the ratio surged dramatically to 332.31, which is an outlier compared to previous figures, indicating either exceptional operational efficiency, a reduction in working capital, or possible data irregularities. After this peak, data for subsequent quarters up to March 2023 are not available, leaving a gap in the temporal trend.
Later, in September 2023 and December 2023, the ratio declined sharply to 5.78 and 4.44 respectively, evidencing a substantial drop in working capital turnover, which could be associated with increased working capital or changes in sales volumes and receivables. An observed increase in September 2024 to 20.65 suggests a partial recovery, though the data remains limited.
Overall, the variation in the working capital turnover ratio reflects periods of both operational efficiency improvements and potential challenges in asset management or sales performance across the evaluated periods. The extreme values, notably the spike in December 2021 and the subsequent sharp declines, underscore the need for further contextual analysis to fully understand underlying operational or accounting factors influencing this ratio.
Peer comparison
Jun 30, 2025