Plexus Corp (PLXS)

Working capital turnover

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Revenue (ttm)	US$ in thousands	8,027,970	7,967,250	8,076,800	8,280,050	8,504,910	8,708,450	8,637,650	8,274,130	7,722,450	7,163,770	6,826,830	6,806,620	6,834,190	6,966,280	6,170,144	5,153,548	4,322,097	3,287,362	4,058,528	4,895,824
Total current assets	US$ in thousands	2,477,150	2,540,850	2,631,050	2,650,230	2,672,220	2,799,290	2,780,270	2,814,300	2,816,120	2,654,420	2,434,970	2,161,480	1,930,890	1,811,740	1,727,340	1,758,350	1,779,160	1,787,790	1,594,730	1,593,390
Total current liabilities	US$ in thousands	1,643,290	1,724,710	1,736,840	1,743,560	1,812,670	1,940,980	1,917,860	1,954,460	2,006,190	1,860,740	1,659,140	1,366,480	1,128,700	1,001,560	919,273	955,456	1,003,520	1,037,620	900,857	889,851
Working capital turnover		9.63	9.76	9.03	9.13	9.89	10.15	10.02	9.62	9.53	9.03	8.80	8.56	8.52	8.60	7.64	6.42	5.57	4.38	5.85	6.96

September 30, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $8,027,970K ÷ ($2,477,150K – $1,643,290K)
= 9.63

The working capital turnover ratio for Plexus Corp has shown fluctuations over the past few years, ranging from a low of 4.38 to a high of 10.15. This ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue. A higher ratio typically signifies that the company is effectively managing its working capital to support its operations.

In the most recent period, the working capital turnover ratio was 9.63, suggesting a strong performance in efficiently converting working capital into sales. However, it is important to note that there was a slight decrease from the previous period's ratio of 9.76.

Overall, Plexus Corp has demonstrated a relatively consistent ability to effectively leverage its working capital to generate revenue, with occasional fluctuations in performance. Continuous monitoring of this ratio can provide insights into the company's financial health and operational efficiency.