UGI Corporation (UGI)
Working capital turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,928,000 | 10,106,000 | 7,447,000 | 6,559,000 | 7,320,000 |
| Total current assets | US$ in thousands | 2,045,000 | 3,802,000 | 3,270,000 | 1,543,000 | 1,566,000 |
| Total current liabilities | US$ in thousands | 2,274,000 | 2,444,000 | 2,297,000 | 1,755,000 | 2,028,000 |
| Working capital turnover | — | 7.44 | 7.65 | — | — |
September 30, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $8,928,000K ÷ ($2,045,000K – $2,274,000K)
= —
The working capital turnover for UGI Corp. has been relatively stable over the past few years. In 2022, the working capital turnover stood at 7.44, indicating that the company generated $7.44 of revenue for every dollar invested in working capital. This figure was slightly lower than the 7.65 reported in 2021, suggesting a slight decrease in efficiency in utilizing working capital to generate sales. However, it is worth noting that data for the other years is not available for comparison. While the trend over the available years is not clear, the company may benefit from a closer examination of its working capital management and sales generation strategies to maintain or improve this efficiency metric. Further information about the company's industry and operating conditions would be required to provide a more thorough analysis and actionable insights.
Peer comparison
Sep 30, 2023