UGI Corporation (UGI)
Working capital turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,210,000 | 8,928,000 | 10,106,000 | 7,447,000 | 6,559,000 |
| Total current assets | US$ in thousands | 1,651,000 | 2,045,000 | 3,802,000 | 3,270,000 | 1,543,000 |
| Total current liabilities | US$ in thousands | 2,060,000 | 2,274,000 | 2,444,000 | 2,297,000 | 1,755,000 |
| Working capital turnover | — | — | 7.44 | 7.65 | — |
September 30, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $7,210,000K ÷ ($1,651,000K – $2,060,000K)
= —
The working capital turnover for UGI Corporation has shown a decreasing trend over the past three years. In 2022, the working capital turnover was 7.44, which decreased to 7.65 in 2021. However, there is missing data for 2020, and the most recent data is unavailable for 2024.
The working capital turnover ratio measures how efficiently a company is using its working capital to generate revenue. A higher turnover ratio indicates that the company is using its working capital more effectively to support its operations.
The decreasing trend in UGI Corporation's working capital turnover could indicate potential inefficiencies in managing its working capital to generate sales. It may be worth further investigating the company's working capital management practices and strategies to identify areas for improvement and enhance overall operational efficiency.
Peer comparison
Sep 30, 2024