National Beverage Corp (FIZZ)
Working capital turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,185,040 | 1,215,305 | 1,194,168 | 1,134,760 | 1,137,519 | 1,140,278 | 1,194,453 | 1,248,628 | 1,235,253 | 1,221,878 | 1,166,121 | 1,110,364 | 1,123,298 | 1,136,232 | 1,185,866 | 1,235,500 | 1,220,087 | 1,179,377 | 1,120,183 | 1,085,224 |
| Total current assets | US$ in thousands | 352,570 | 324,891 | 293,214 | 536,872 | 536,872 | 489,146 | 489,146 | 456,483 | 456,483 | 431,473 | 431,473 | 366,405 | 366,405 | 323,918 | 323,918 | 298,675 | 298,675 | 253,844 | 253,844 | 274,520 |
| Total current liabilities | US$ in thousands | 119,614 | 128,111 | 147,482 | 137,927 | 137,927 | 133,097 | 133,097 | 142,550 | 142,550 | 156,831 | 156,831 | 144,321 | 144,321 | 125,522 | 125,522 | 147,702 | 147,702 | 132,064 | 132,064 | 145,319 |
| Working capital turnover | 5.09 | 6.18 | 8.19 | 2.84 | 2.85 | 3.20 | 3.35 | 3.98 | 3.93 | 4.45 | 4.25 | 5.00 | 5.06 | 5.73 | 5.98 | 8.18 | 8.08 | 9.68 | 9.20 | 8.40 |
January 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,185,040K ÷ ($352,570K – $119,614K)
= 5.09
The working capital turnover ratio for National Beverage Corp has shown fluctuations over the periods indicated in the data provided. The ratio has generally been on a declining trend from the range of about 8.40 to 9.68 in the earlier periods to around 2.84 to 5.73 in the more recent periods.
A high working capital turnover ratio typically indicates that the company is efficiently utilizing its working capital to generate sales. Therefore, the decreasing trend in the working capital turnover ratio for National Beverage Corp suggests a potential inefficiency in managing its working capital in recent periods.
The lower working capital turnover ratio may indicate that the company is not efficiently utilizing its current assets to generate revenue. This could be due to various factors such as inefficient inventory management, slow collections from customers, or excessive levels of working capital that are not being effectively deployed to support the company's operations.
Overall, National Beverage Corp may need to review its working capital management strategies to improve efficiency in utilizing its current assets to drive sales and overall financial performance.
Peer comparison
Jan 31, 2025