ePlus inc (PLUS)
Working capital turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,068,790 | 2,225,300 | 2,067,720 | 1,821,020 | 1,568,320 |
| Total current assets | US$ in thousands | 1,363,790 | 1,273,530 | 1,095,130 | 897,482 | 777,594 |
| Total current liabilities | US$ in thousands | 797,883 | 656,990 | 561,326 | 460,036 | 459,364 |
| Working capital turnover | 3.66 | 3.61 | 3.87 | 4.16 | 4.93 |
March 31, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,068,790K ÷ ($1,363,790K – $797,883K)
= 3.66
The working capital turnover ratio for ePlus Inc has shown a slight decline over the past five years. It decreased from 4.93 in March 31, 2021, to 3.66 in March 31, 2025. This suggests that the company is becoming less efficient in utilizing its working capital to generate sales. A lower working capital turnover ratio may indicate that the company is struggling to efficiently manage its liquidity and working capital resources. ePlus Inc should closely monitor its working capital turnover ratio and take necessary steps to improve efficiency in managing its working capital to ensure long-term financial health and sustainability.
Peer comparison
Mar 31, 2025