National Beverage Corp (FIZZ)
Working capital turnover
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,191,690 | 1,191,690 | 1,172,930 | 1,172,930 | 1,138,010 |
| Total current assets | US$ in thousands | 536,872 | 536,872 | 366,405 | 366,405 | 274,520 |
| Total current liabilities | US$ in thousands | 137,927 | 137,927 | 144,321 | 144,321 | 145,319 |
| Working capital turnover | 2.99 | 2.99 | 5.28 | 5.28 | 8.81 |
April 30, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,191,690K ÷ ($536,872K – $137,927K)
= 2.99
National Beverage Corp's working capital turnover has shown a declining trend over the years, decreasing from 8.81 in April 2022 to 2.99 in April 2024. This indicates that the company is becoming less efficient in utilizing its working capital to generate revenue. A lower working capital turnover ratio may suggest inefficiencies in managing inventory, collecting receivables, or paying off short-term obligations. It is essential for the company to closely monitor and improve its working capital management to enhance overall financial performance and operational efficiency.
Peer comparison
Apr 30, 2024