Walgreens Boots Alliance Inc (WBA)
Working capital turnover
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 149,391,000 | 140,471,000 | 132,961,000 | 131,917,000 | 138,974,000 |
| Total current assets | US$ in thousands | 18,335,000 | 15,503,000 | 16,902,000 | 15,814,000 | 18,073,000 |
| Total current liabilities | US$ in thousands | 26,953,000 | 24,535,000 | 22,583,000 | 22,054,000 | 27,070,000 |
| Working capital turnover | — | — | — | — | — |
August 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $149,391,000K ÷ ($18,335,000K – $26,953,000K)
= —
To calculate the working capital turnover for Walgreens Boots Alliance Inc, we first need to find the working capital for each year. Working capital is typically calculated as current assets minus current liabilities.
Next, the working capital turnover ratio can be determined by dividing net sales by average working capital. The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales.
A higher working capital turnover ratio indicates that the company is effectively using its working capital to support sales activities, while a lower ratio may suggest inefficiencies in managing working capital.
Without the specific data provided in the table for the years ending August 31, 2020, 2021, 2022, 2023, and 2024, it is not possible to compute the working capital turnover ratio for Walgreens Boots Alliance Inc. The ratio would have provided insights into the company's operational efficiency and effectiveness in utilizing its working capital during the mentioned years.
Peer comparison
Aug 31, 2024