National Beverage Corp (FIZZ)
Working capital turnover
| Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Jan 25, 2020 | Oct 26, 2019 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,191,694 | 1,181,078 | 1,179,496 | 1,179,055 | 1,172,932 | 1,170,453 | 1,160,893 | 1,144,418 | 1,138,013 | 1,114,896 | 1,101,904 | 1,090,555 | 1,072,210 | 1,073,508 | 1,050,391 | 1,030,193 | 1,000,394 | 977,907 | 975,985 | 985,083 |
| Total current assets | US$ in thousands | 536,872 | 489,146 | 456,483 | 431,473 | 366,405 | 323,918 | 298,675 | 253,844 | 274,520 | 236,744 | 450,484 | 423,012 | 364,942 | 313,194 | 565,285 | 527,118 | 460,712 | 406,977 | 384,553 | 366,781 |
| Total current liabilities | US$ in thousands | 137,927 | 133,097 | 142,550 | 156,831 | 144,321 | 125,522 | 147,702 | 132,064 | 145,319 | 119,480 | 139,758 | 153,346 | 147,194 | 130,617 | 139,994 | 149,665 | 141,688 | 109,164 | 108,146 | 117,429 |
| Working capital turnover | 2.99 | 3.32 | 3.76 | 4.29 | 5.28 | 5.90 | 7.69 | 9.40 | 8.81 | 9.51 | 3.55 | 4.04 | 4.92 | 5.88 | 2.47 | 2.73 | 3.14 | 3.28 | 3.53 | 3.95 |
April 27, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,191,694K ÷ ($536,872K – $137,927K)
= 2.99
National Beverage Corp's working capital turnover has shown fluctuations over the past 20 reporting periods. The ratio measures how efficiently the company is generating sales revenue from its working capital. A higher working capital turnover ratio indicates that the company is effectively utilizing its current assets to generate sales.
The trend in the working capital turnover ratio for National Beverage Corp shows an overall increasing pattern, with some fluctuations. The ratio has increased from 2.47 in Aug 1, 2020, to 9.40 in Jul 30, 2022, suggesting a significant improvement in the company's efficiency in generating sales revenue from its working capital during this period.
However, there have been certain periods of decline in the ratio, such as from Oct 30, 2021, to Jan 29, 2022. This could indicate a potential slowdown in sales relative to the working capital available during those periods.
Overall, a higher working capital turnover ratio is generally seen as favorable, as it indicates that the company is efficiently managing its working capital to generate sales revenue. Keeping track of this ratio over time allows stakeholders to assess the company's operational efficiency and financial performance.
Peer comparison
Apr 27, 2024