Domino’s Pizza Inc (DPZ)
Working capital turnover
| Dec 31, 2023 | Sep 10, 2023 | Jun 18, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 11, 2022 | Jun 19, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 12, 2021 | Jun 20, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 6, 2020 | Jun 14, 2020 | Mar 22, 2020 | Dec 31, 2019 | Sep 8, 2019 | Jun 16, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,479,360 | 4,468,620 | 4,509,860 | 4,550,410 | 4,537,160 | 4,488,140 | 4,417,530 | 4,384,820 | 4,357,368 | 4,370,728 | 4,340,457 | 4,228,010 | 4,117,414 | 3,911,194 | 3,764,287 | 3,655,911 | 3,618,772 | 3,550,562 | 3,515,715 | 3,483,464 |
| Total current assets | US$ in thousands | 817,291 | 795,632 | 799,618 | 827,739 | 790,654 | 826,398 | 845,870 | 861,237 | 860,540 | 1,026,000 | 980,850 | 925,802 | 869,384 | 956,521 | 927,109 | 794,374 | 787,617 | 605,339 | 643,447 | 590,543 |
| Total current liabilities | US$ in thousands | 547,350 | 562,941 | 547,528 | 556,365 | 536,621 | 578,737 | 575,449 | 594,824 | 590,741 | 596,354 | 554,354 | 501,835 | 470,819 | 488,525 | 459,868 | 452,169 | 453,831 | 421,245 | 412,906 | 412,013 |
| Working capital turnover | 16.59 | 19.20 | 17.89 | 16.77 | 17.86 | 18.12 | 16.34 | 16.46 | 16.15 | 10.17 | 10.18 | 9.97 | 10.33 | 8.36 | 8.06 | 10.68 | 10.84 | 19.29 | 15.25 | 19.51 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,479,360K ÷ ($817,291K – $547,350K)
= 16.59
The working capital turnover ratio of Dominos Pizza Inc has been relatively stable over the past eight quarters, ranging from a low of 16.34 in Q2 2022 to a high of 19.20 in Q3 2023. This ratio indicates that the company is efficient in utilizing its working capital to generate sales revenue. A higher working capital turnover ratio suggests that the company is able to effectively manage its current assets to support its operations and sales. Overall, Dominos Pizza Inc has shown consistent performance in efficiently utilizing its working capital to drive revenue generation over the past two years.
Peer comparison
Dec 31, 2023