Fresh Del Monte Produce Inc (FDP)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,280,200 | 4,320,700 | 4,442,300 | 4,252,000 | 4,202,300 |
| Total current assets | US$ in thousands | 1,132,900 | 1,144,300 | 1,241,400 | 1,096,400 | 1,012,300 |
| Total current liabilities | US$ in thousands | 533,100 | 540,600 | 607,000 | 629,200 | 554,800 |
| Working capital turnover | 7.14 | 7.16 | 7.00 | 9.10 | 9.19 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $4,280,200K ÷ ($1,132,900K – $533,100K)
= 7.14
Fresh Del Monte Produce Inc's working capital turnover has shown some fluctuation over the years. From a high of 9.19 in December 2020, the ratio decreased slightly to 9.10 by December 2021. However, there was a more noticeable decline in the following years, dropping to 7.00 by December 2022. Despite a slight recovery to 7.16 by December 2023, the ratio remained below the levels seen in the earlier years. As of December 2024, the working capital turnover was relatively stable at 7.14.
This indicates that the company's efficiency in generating revenue from its working capital has decreased over the years, with a downward trend starting from 2021. Further analysis is recommended to identify the reasons behind this declining trend and to determine if any corrective measures need to be taken to improve the utilization of working capital in the operations of Fresh Del Monte Produce Inc.
Peer comparison
Dec 31, 2024