UGI Corporation (UGI)
Working capital turnover
| Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,210,000 | 7,372,000 | 7,651,000 | 8,290,000 | 8,928,000 | 9,458,000 | 9,832,000 | 10,192,000 | 10,106,000 | 9,610,000 | 9,073,000 | 8,188,000 | 7,447,000 | 7,133,000 | 6,836,000 | 6,484,000 | 6,559,000 | 6,585,000 | 6,750,000 | 7,127,000 |
| Total current assets | US$ in thousands | 1,651,000 | 1,716,000 | 2,214,000 | 2,285,000 | 2,045,000 | 2,035,000 | 2,760,000 | 3,456,000 | 3,802,000 | 3,509,000 | 4,154,000 | 3,431,000 | 3,270,000 | 2,377,000 | 2,384,000 | 2,180,000 | 1,543,000 | 1,600,000 | 1,878,000 | 1,947,000 |
| Total current liabilities | US$ in thousands | 2,060,000 | 1,886,000 | 1,823,000 | 2,341,000 | 2,274,000 | 2,083,000 | 2,273,000 | 3,380,000 | 2,444,000 | 2,068,000 | 2,499,000 | 2,581,000 | 2,297,000 | 1,701,000 | 1,892,000 | 2,097,000 | 1,755,000 | 1,679,000 | 2,116,000 | 2,391,000 |
| Working capital turnover | — | — | 19.57 | — | — | — | 20.19 | 134.11 | 7.44 | 6.67 | 5.48 | 9.63 | 7.65 | 10.55 | 13.89 | 78.12 | — | — | — | — |
September 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $7,210,000K ÷ ($1,651,000K – $2,060,000K)
= —
Based on the data provided, the working capital turnover ratio for UGI Corporation has shown varying trends over the past eight quarters. The ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue.
In March 2021, the working capital turnover ratio was 13.89, reflecting a relatively strong performance in efficiently utilizing its working capital to generate sales. This efficiency improved further in December 2021, with a ratio of 9.63.
However, in March 2022, the working capital turnover ratio decreased to 5.48, indicating a decline in the company's ability to generate sales revenue using its working capital efficiently. This trend continued with a slight increase in June 2022 to 6.67 and a further decrease in September 2022 to 7.44.
The ratio significantly increased in December 2022, reaching 134.11, which may indicate a substantial improvement in the company's working capital management efficiency. However, this spike could also be influenced by specific events, such as large sales or changes in working capital components.
In March 2023, the ratio remained relatively high at 20.19, suggesting continued efficiency in utilizing working capital to generate revenue. This trend was not sustained, as data points for subsequent quarters are missing.
Overall, the working capital turnover ratio for UGI Corporation has shown significant fluctuations over the analyzed period, indicating varying levels of efficiency in managing working capital to support sales activities. It would be beneficial to analyze additional quarters to identify any consistent trends or anomalies that may require further investigation.
Peer comparison
Sep 30, 2024