National Beverage Corp (FIZZ)
Working capital turnover
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | May 1, 2021 | May 2, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,191,690 | 1,172,930 | 1,138,010 | 1,072,210 | 1,000,390 |
| Total current assets | US$ in thousands | 536,872 | 366,405 | 274,520 | 364,942 | 460,712 |
| Total current liabilities | US$ in thousands | 137,927 | 144,321 | 145,319 | 147,194 | 141,688 |
| Working capital turnover | 2.99 | 5.28 | 8.81 | 4.92 | 3.14 |
April 27, 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 fluctuated over the past five years. The ratio was highest in April 2022 at 8.81, indicating that the company generated $8.81 in revenue for every dollar of working capital invested. This suggests efficient utilization of working capital during that period.
In contrast, the working capital turnover dropped to 2.99 in April 2024, which may imply a lower efficiency in generating revenue from working capital. The company's performance in April 2023 and May 2020 was also strong, with ratios of 5.28 and 3.14 respectively, indicating effective management of working capital to drive revenue.
Overall, fluctuations in National Beverage Corp's working capital turnover ratios suggest varying levels of efficiency in utilizing working capital to generate revenue over the five-year period analyzed. Further investigation into the reasons behind these fluctuations could provide valuable insights into the company's financial performance and management strategies.
Peer comparison
Apr 27, 2024