Rockwell Automation Inc (ROK)
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 | 8,183,200 | 8,700,500 | 8,933,800 | 9,134,800 | 9,203,000 | 8,773,300 | 8,412,100 | 7,887,500 | 7,627,800 | 7,344,400 | 7,240,700 | 7,215,500 | 6,930,800 | 6,691,200 | 6,234,000 | 6,137,000 | 6,252,500 | 6,412,700 | 6,682,400 | 6,660,100 |
| Total current assets | US$ in thousands | 3,881,200 | 3,922,800 | 4,114,200 | 4,135,900 | 4,910,800 | 4,401,100 | 4,101,000 | 3,859,500 | 3,610,700 | 3,492,300 | 3,284,900 | 3,132,300 | 3,063,400 | 3,286,200 | 2,969,500 | 2,932,100 | 2,685,800 | 2,942,500 | 2,758,200 | 3,007,500 |
| Total current liabilities | US$ in thousands | 3,603,900 | 3,789,400 | 3,703,000 | 3,310,900 | 3,365,300 | 3,922,100 | 3,794,200 | 3,746,700 | 3,572,200 | 3,281,200 | 3,027,600 | 2,914,100 | 2,992,200 | 2,456,300 | 2,139,800 | 2,188,600 | 1,810,800 | 2,242,100 | 1,762,000 | 2,067,500 |
| Working capital turnover | 29.51 | 65.22 | 21.73 | 11.07 | 5.95 | 18.32 | 27.42 | 69.92 | 198.12 | 34.79 | 28.14 | 33.07 | 97.34 | 8.06 | 7.51 | 8.25 | 7.15 | 9.16 | 6.71 | 7.09 |
September 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $8,183,200K ÷ ($3,881,200K – $3,603,900K)
= 29.51
The working capital turnover ratio is used to measure how efficiently a company is using its working capital to generate revenue. It indicates how many times a company's working capital is turning over within a given period.
Looking at the historical data for Rockwell Automation Inc, we can see that the working capital turnover has had fluctuations over the past few years. The ratio has ranged from as low as 5.95 to as high as 198.12, indicating significant variations in the efficiency of working capital management.
A higher working capital turnover ratio suggests that the company is effectively managing its working capital and generating revenue efficiently. On the other hand, a lower ratio may indicate inefficiencies in working capital management or challenges in converting working capital into revenue.
In the most recent period, the working capital turnover ratio was 29.51, which indicates that Rockwell Automation Inc efficiently utilized its working capital to generate revenue. However, it is important to consider trends over time and compare the ratio to industry benchmarks for a more comprehensive analysis of the company's financial performance.
Peer comparison
Sep 30, 2024