Sonos Inc (SONO)
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 | 1,525,344 | 1,574,985 | 1,550,921 | 1,602,554 | 1,672,523 | 1,683,666 | 1,682,367 | 1,777,975 | 1,752,335 | 1,795,584 | 1,802,473 | 1,735,641 | 1,716,744 | 1,697,042 | 1,567,320 | 1,409,095 | 1,327,065 | 1,281,388 | 1,292,557 | 1,328,006 |
| Total current assets | US$ in thousands | 551,086 | 604,456 | 582,907 | 758,886 | 659,631 | 708,085 | 736,839 | 882,057 | 867,391 | 923,464 | 1,010,710 | 1,160,370 | 957,514 | 911,694 | 880,153 | 900,918 | 660,377 | 487,027 | 464,025 | 688,607 |
| Total current liabilities | US$ in thousands | 366,153 | 366,881 | 303,217 | 376,001 | 354,218 | 344,504 | 352,157 | 477,639 | 535,639 | 505,220 | 463,736 | 599,262 | 476,130 | 400,919 | 371,071 | 455,764 | 393,015 | 257,694 | 213,199 | 375,120 |
| Working capital turnover | 8.25 | 6.63 | 5.55 | 4.19 | 5.48 | 4.63 | 4.37 | 4.40 | 5.28 | 4.29 | 3.30 | 3.09 | 3.57 | 3.32 | 3.08 | 3.17 | 4.96 | 5.59 | 5.15 | 4.24 |
September 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,525,344K ÷ ($551,086K – $366,153K)
= 8.25
The working capital turnover ratio for Sonos Inc has shown fluctuations over the periods in consideration. The ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue.
Based on the data provided, there has been an increasing trend in the working capital turnover ratio from Dec 2019 to Sep 2024, with slight fluctuations in between. The ratio has improved from 4.24 in Dec 2019 to 8.25 in Sep 2024, which signifies an enhancement in the company's ability to generate sales revenue using its working capital efficiently.
The trend suggests that Sonos Inc has been more effective in managing its working capital and turning it into sales revenue over the years. A higher working capital turnover ratio reflects better liquidity management and efficient utilization of resources to drive sales.
Overall, the increasing trend in the working capital turnover ratio for Sonos Inc indicates a positive development in the company's operational efficiency and financial performance.
Peer comparison
Sep 30, 2024