Sonos Inc (SONO)
Working capital turnover
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 1,259,505 |
| Total current assets | US$ in thousands | 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 | 679,109 |
| Total current liabilities | US$ in thousands | 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 | 402,474 |
| Working capital turnover | 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 | 4.55 |
June 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,574,985K ÷ ($604,456K – $366,881K)
= 6.63
The working capital turnover ratio of Sonos Inc has been fluctuating over the past few quarters. The ratio measures how efficiently the company is utilizing its working capital to generate sales. A higher ratio indicates that the company is efficiently managing its working capital.
Looking at the trend, we can see that the working capital turnover ratio has generally been increasing over the past few quarters, with some fluctuations along the way. This suggests that Sonos Inc has been improving its efficiency in utilizing its working capital to generate sales.
It's important to note that a high working capital turnover ratio can indicate a strong financial performance, but it's also crucial to assess the overall financial health of the company in conjunction with other financial ratios and metrics.
In conclusion, the increasing trend in Sonos Inc's working capital turnover ratio indicates an improvement in the company's efficiency in managing its working capital and generating sales, reflecting positively on its operational performance.
Peer comparison
Jun 30, 2024