Thor Industries Inc (THO)
Working capital turnover
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,053,000 | 11,027,500 | 16,228,900 | 12,221,900 | 8,056,620 |
| Total current assets | US$ in thousands | 2,650,030 | 2,793,580 | 3,062,480 | 2,803,520 | 2,102,280 |
| Total current liabilities | US$ in thousands | 1,567,020 | 1,716,480 | 1,755,920 | 1,794,780 | 1,515,280 |
| Working capital turnover | 9.28 | 10.24 | 12.42 | 12.12 | 13.73 |
July 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $10,053,000K ÷ ($2,650,030K – $1,567,020K)
= 9.28
The working capital turnover ratio for Thor Industries Inc has exhibited a declining trend over the past five years, dropping from 13.73 in 2020 to 9.28 in 2024. This indicates that the company's efficiency in utilizing its working capital to generate revenue has diminished over the period under review. A lower working capital turnover ratio may suggest inefficiencies in managing the company's current assets and liabilities, potentially leading to suboptimal utilization of resources. It is crucial for Thor Industries Inc to address this trend and strive to improve its working capital management to enhance overall operational efficiency and financial performance.
Peer comparison
Jul 31, 2024