Thor Industries Inc (THO)
Working capital turnover
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,050,200 | 10,164,480 | 10,287,660 | 10,422,340 | 11,027,250 | 12,116,190 | 13,848,390 | 15,377,810 | 16,229,070 | 15,994,200 | 14,792,000 | 13,645,200 | 12,221,680 | 10,945,860 | 9,168,270 | 8,440,550 | 8,057,530 | 8,041,050 | 8,857,250 | 8,171,070 |
| Total current assets | US$ in thousands | 2,650,030 | 2,870,250 | 2,839,260 | 2,805,530 | 2,793,580 | 3,084,770 | 2,863,030 | 2,993,610 | 3,062,480 | 3,358,510 | 3,200,700 | 3,213,710 | 2,803,520 | 2,845,790 | 2,495,550 | 2,240,320 | 2,102,280 | 2,088,780 | 2,067,500 | 1,993,480 |
| Total current liabilities | US$ in thousands | 1,567,020 | 1,739,100 | 1,626,460 | 1,716,800 | 1,716,480 | 1,720,540 | 1,466,490 | 1,621,820 | 1,755,920 | 1,971,660 | 1,904,410 | 2,036,740 | 1,794,780 | 1,951,920 | 1,672,410 | 1,596,690 | 1,515,280 | 1,266,270 | 1,494,930 | 1,439,380 |
| Working capital turnover | 9.28 | 8.99 | 8.48 | 9.57 | 10.24 | 8.88 | 9.92 | 11.21 | 12.42 | 11.53 | 11.41 | 11.59 | 12.12 | 12.25 | 11.14 | 13.11 | 13.73 | 9.78 | 15.47 | 14.75 |
July 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $10,050,200K ÷ ($2,650,030K – $1,567,020K)
= 9.28
Thor Industries Inc's working capital turnover has shown fluctuations over the past 20 quarters, ranging from a low of 8.48 to a high of 15.47. The working capital turnover measures how efficiently the company is utilizing its working capital to generate revenue. A higher working capital turnover signifies that the company is able to generate more revenue with less working capital, indicating strong operational efficiency.
In the most recent quarter, the working capital turnover was 9.28, indicating that for every dollar of working capital, the company generated $9.28 of sales. This suggests that Thor Industries Inc is effectively utilizing its working capital to generate revenue, although there has been some variability in the efficiency over time.
It is important for the company to monitor and analyze these fluctuations in working capital turnover to ensure that working capital is being efficiently managed and utilized to drive revenue growth and profitability.
Peer comparison
Jul 31, 2024