Western Digital Corporation (WDC)
Working capital turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,520,000 | 13,003,000 | 12,318,000 | 18,793,000 | 16,922,000 |
| Total current assets | US$ in thousands | 5,856,000 | 8,060,000 | 7,886,000 | 9,453,000 | 9,757,000 |
| Total current liabilities | US$ in thousands | 5,418,000 | 6,087,000 | 5,434,000 | 4,557,000 | 4,870,000 |
| Working capital turnover | 21.74 | 6.59 | 5.02 | 3.84 | 3.46 |
June 30, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $9,520,000K ÷ ($5,856,000K – $5,418,000K)
= 21.74
The analysis of Western Digital Corporation's working capital turnover reveals a consistent upward trend over the specified period from June 30, 2021, through June 30, 2025. Specifically, the ratio increased from 3.46 in 2021 to 3.84 in 2022, indicating an improvement in the company's efficiency in utilizing its working capital to generate sales. This upward movement continues, with the ratio reaching 5.02 in 2023, demonstrating further enhancements in operational efficiency. The trend accelerates markedly in 2024, with the ratio rising to 6.59, suggesting that the company is progressively more effective at managing its working capital relative to sales. Notably, in 2025, there is a substantial spike to a ratio of 21.74, which signifies a very high level of efficiency in working capital utilization. Such a significant increase could be driven by strategic operational improvements, changes in sales patterns, or shifts in working capital management practices. Overall, the data indicates a substantial and consistent improvement in Western Digital Corporation's ability to convert its working capital into sales over this four-year period.
Peer comparison
Jun 30, 2025