Western Digital Corporation (WDC)
Working capital turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,090,000 | 12,013,000 | 18,514,000 | 16,666,000 | 16,330,000 |
| Total current assets | US$ in thousands | 8,060,000 | 7,886,000 | 9,453,000 | 9,757,000 | 9,048,000 |
| Total current liabilities | US$ in thousands | 6,087,000 | 5,434,000 | 5,237,000 | 4,870,000 | 4,406,000 |
| Working capital turnover | 6.63 | 4.90 | 4.39 | 3.41 | 3.52 |
June 30, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $13,090,000K ÷ ($8,060,000K – $6,087,000K)
= 6.63
The working capital turnover ratio of Western Digital Corporation has shown a consistent improvement over the past five years, indicating a more efficient management of its working capital. The company's ability to generate sales from its working capital has significantly increased from 3.52 in 2020 to 6.63 in 2024. This suggests that Western Digital has been able to optimize its working capital utilization to support its business operations and sales growth. An increasing working capital turnover ratio is generally seen as a positive indicator of a company's operational efficiency and financial health.
Peer comparison
Jun 30, 2024