Qorvo Inc (QRVO)
Working capital turnover
Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
---|---|---|---|---|---|---|
Revenue | US$ in thousands | 3,718,970 | 3,769,510 | 3,569,400 | 4,645,710 | 4,015,310 |
Total current assets | US$ in thousands | 2,167,280 | 2,446,030 | 2,029,790 | 2,449,860 | 2,483,800 |
Total current liabilities | US$ in thousands | 783,182 | 1,230,090 | 555,763 | 675,127 | 681,581 |
Working capital turnover | 2.69 | 3.10 | 2.42 | 2.62 | 2.23 |
March 31, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,718,970K ÷ ($2,167,280K – $783,182K)
= 2.69
Qorvo Inc's working capital turnover has shown fluctuation over the past five years. The ratio increased from 2.23 in March 31, 2021, to 3.10 in March 31, 2024, indicating that the company's efficiency in utilizing its working capital improved significantly during this period. However, in the most recent year, ending March 31, 2025, the working capital turnover decreased slightly to 2.69, which suggests a slight decrease in efficiency in managing working capital compared to the previous year. Overall, the company has demonstrated the ability to effectively generate sales revenue relative to its working capital investment, with some variation in performance over the years.
Peer comparison
Mar 31, 2025