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.