Flowers Foods Inc (FLO)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,090,830 | 4,805,820 | 4,330,770 | 4,387,990 | 4,123,970 |
| Total current assets | US$ in thousands | 687,713 | 804,940 | 746,118 | 838,203 | 553,918 |
| Total current liabilities | US$ in thousands | 659,152 | 564,425 | 519,917 | 504,105 | 528,143 |
| Working capital turnover | 178.24 | 19.98 | 19.15 | 13.13 | 160.00 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $5,090,830K ÷ ($687,713K – $659,152K)
= 178.24
The working capital turnover ratio for Flowers Foods Inc has shown significant fluctuations over the past five years. In 2023, the ratio surged to 178.24, indicating an exceptionally efficient utilization of working capital to generate sales. This represents a remarkable improvement compared to the previous years, where the ratios were relatively stable but considerably lower. The sudden increase in 2023 suggests that Flowers Foods Inc has managed to streamline its operations and optimize its working capital management effectively. However, further analysis and comparison with industry benchmarks would be necessary to evaluate the sustainability and competitiveness of this performance.
Peer comparison
Dec 31, 2023