B&G Foods Inc (BGS)

Activity ratios

Short-term

Turnover ratios

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 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Inventory turnover 3.15 3.03 2.90 2.83 2.85 2.57 2.92 3.10 3.05 2.65 3.23 3.51 3.43 3.46 4.43 3.70 3.09 2.84 3.72 4.08
Receivables turnover 13.59 12.83 13.66 — 13.69 — — — 13.70 — — — — — — — — — — —
Payables turnover 14.49 10.71 14.34 15.13 16.21 9.05 11.86 12.48 14.32 8.77 14.41 13.95 13.37 8.90 12.88 14.41 12.69 8.44 13.26 12.13
Working capital turnover 3.80 4.80 3.11 3.03 2.90 2.65 3.30 3.41 3.47 3.14 3.70 3.87 3.99 4.21 3.77 3.02 3.73 2.31 4.10 5.32

B&G Foods Inc's activity ratios provide insights into how efficiently the company manages its assets and liabilities to generate sales.

1. Inventory turnover: B&G Foods Inc's inventory turnover has been relatively stable over the period, ranging from 2.57 to 4.43 times. This suggests that the company is managing its inventory effectively, with higher turnover indicating efficient inventory management.

2. Receivables turnover: The data shows that B&G Foods Inc's receivables turnover has fluctuated but generally remained at a healthy level, indicating that the company is efficiently collecting payments from its customers. However, the absence of data for some quarters limits a comprehensive analysis.

3. Payables turnover: The payables turnover ratio indicates how quickly a company pays off its suppliers. B&G Foods Inc's payables turnover has shown variability but generally remained above 10 times, indicating that the company efficiently manages its trade payables.

4. Working capital turnover: B&G Foods Inc's working capital turnover has fluctuated, but the trend remains strong, indicating that the company is effectively utilizing its working capital to generate sales. Higher turnover values indicate that the company is efficient in using its resources to drive revenue.

In conclusion, B&G Foods Inc's activity ratios suggest that the company is effectively managing its inventory, receivables, payables, and working capital to support its operational activities and drive sales.

Average number of days

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 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Days of inventory on hand (DOH) days 115.83 120.49 125.96 128.78 127.97 142.29 125.16 117.70 119.65 137.72 113.03 104.03 106.34 105.37 82.31 98.55 118.17 128.51 98.10 89.48
Days of sales outstanding (DSO) days 26.85 28.45 26.71 — 26.66 — — — 26.63 — — — — — — — — — — —
Number of days of payables days 25.20 34.08 25.45 24.13 22.51 40.34 30.76 29.26 25.48 41.64 25.33 26.17 27.31 41.01 28.35 25.34 28.76 43.26 27.52 30.08

Days of Inventory on Hand (DOH) provides insight into how efficiently B&G Foods manages its inventory. The trend shows a fluctuation in inventory turnover efficiency over the periods analyzed. For instance, a decrease in DOH from 142.29 days in Sep 2022 to 82.31 days in Jun 2020 indicates improved efficiency in inventory management. However, the recent increase from 98.55 days in Sep 2020 to 115.83 days in Dec 2023 suggests a lengthening of the time taken to sell inventory.

Days of Sales Outstanding (DSO) measures how quickly the company collects cash from credit sales. Unfortunately, there is limited data available, but the DSO figures indicate a relatively stable collection period. More data points are needed for a comprehensive analysis.

Number of Days of Payables analyzes how long it takes for B&G Foods to pay its suppliers. The trend shows some volatility in payment periods, fluctuating from 22.51 days in Mar 2022 to 43.26 days in Dec 2019. Managing payables efficiently is crucial, and the company seems to have improved payables turnover from 40.34 days in Sep 2022 to 25.20 days in Dec 2023, indicating more efficient cash management.

In conclusion, B&G Foods should focus on optimizing inventory turnover to avoid overstocking while maintaining a stable collection period and effectively managing payables to enhance overall liquidity and operational efficiency.

Long-term

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 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Fixed asset turnover 6.79 6.94 6.90 6.85 6.81 6.48 6.24 6.24 6.00 5.74 5.54 5.60 5.28 6.81 6.48 5.86 5.45 5.44 5.36 5.75
Total asset turnover 0.59 0.53 0.57 0.57 0.56 0.53 0.54 0.54 0.54 0.50 0.52 0.54 0.52 0.59 0.57 0.51 0.51 0.46 0.52 0.53

The fixed asset turnover ratio for B&G Foods Inc has generally increased over the past few quarters, indicating that the company is generating more sales relative to its investment in fixed assets. This trend suggests improved efficiency in utilizing its long-term assets to generate revenue.

On the other hand, the total asset turnover ratio shows fluctuations but remains relatively stable over the periods examined. This ratio reflects how efficiently the company is utilizing all its assets, including fixed and current assets, to generate sales. A consistently stable total asset turnover ratio indicates that the company is maintaining a steady level of efficiency in utilizing its total assets to generate revenue.

Overall, B&G Foods Inc's long-term activity ratios suggest that the company is effectively managing its fixed assets to generate sales and maintaining stable efficiency in utilizing its total assets to drive revenue growth.