B&G Foods Inc (BGS)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,930,330 | 2,053,870 | 2,163,840 | 2,049,690 | 1,962,560 |
| Total current assets | US$ in thousands | 781,444 | 802,824 | 1,018,820 | 834,456 | 737,301 |
| Total current liabilities | US$ in thousands | 236,865 | 262,418 | 271,534 | 244,287 | 245,652 |
| Working capital turnover | 3.54 | 3.80 | 2.90 | 3.47 | 3.99 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,930,330K ÷ ($781,444K – $236,865K)
= 3.54
The working capital turnover for B&G Foods Inc has shown varying trends over the past five years. In 2020, the working capital turnover was 3.99, indicating that the company generated $3.99 in revenue for every dollar of working capital invested. However, this ratio declined to 3.47 in 2021 and further decreased to 2.90 in 2022, suggesting a potential inefficiency in utilizing its working capital during that period.
There was a notable improvement in 2023, with the working capital turnover increasing to 3.80, signifying a better utilization of working capital to generate revenue. However, the ratio slightly decreased to 3.54 in 2024, although it still remained relatively healthy.
Overall, while there have been fluctuations in the working capital turnover for B&G Foods Inc, it is essential for the company to closely monitor and manage its working capital to ensure efficient operations and maximize profitability.
Peer comparison
Dec 31, 2024