Fresh Del Monte Produce Inc (FDP)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,280,300 | 4,275,700 | 4,259,300 | 4,300,100 | 4,320,700 | 4,352,100 | 4,402,500 | 4,433,900 | 4,442,300 | 4,419,600 | 4,370,900 | 4,300,600 | 4,252,000 | 4,237,000 | 4,221,900 | 4,172,600 | 4,202,300 | 4,225,200 | 4,305,700 | 4,452,800 |
| Total current assets | US$ in thousands | 1,132,900 | 1,166,300 | 1,104,200 | 1,180,500 | 1,144,300 | 1,165,400 | 1,177,500 | 1,245,900 | 1,241,400 | 1,193,200 | 1,145,100 | 1,218,000 | 1,096,400 | 1,046,600 | 1,032,000 | 1,099,400 | 1,012,300 | 990,000 | 1,003,600 | 1,091,900 |
| Total current liabilities | US$ in thousands | 533,100 | 556,900 | 532,000 | 546,200 | 540,600 | 577,700 | 598,200 | 603,000 | 607,000 | 634,700 | 663,000 | 676,300 | 629,200 | 588,600 | 563,300 | 598,700 | 554,800 | 549,200 | 551,500 | 592,800 |
| Working capital turnover | 7.14 | 7.02 | 7.44 | 6.78 | 7.16 | 7.41 | 7.60 | 6.90 | 7.00 | 7.91 | 9.07 | 7.94 | 9.10 | 9.25 | 9.01 | 8.33 | 9.19 | 9.59 | 9.52 | 8.92 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,280,300K ÷ ($1,132,900K – $533,100K)
= 7.14
Fresh Del Monte Produce Inc's working capital turnover has varied over the past few years, ranging mostly between 7.00 and 9.59. The company's working capital turnover indicates how efficiently it is utilizing its working capital to generate sales revenue.
Looking at the trend from March 31, 2020, to December 31, 2024, it appears that the working capital turnover has experienced fluctuations, with some periods showing increases while others showing decreases. For example, there was a noticeable increase from June 30, 2020 to September 30, 2020, and then a slight decrease by December 31, 2020.
The highest working capital turnover was observed on September 30, 2021, at 9.25, while the lowest was on March 31, 2024, at 6.78. Despite some fluctuations, the company generally maintains a working capital turnover above 7.00, which indicates that it efficiently manages its working capital in generating sales.
Further analysis and comparison with industry averages or historical data could provide more insights into the efficiency of Fresh Del Monte Produce Inc's working capital management.
Peer comparison
Dec 31, 2024