Flowers Foods Inc (FLO)
Working capital turnover
Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Oct 7, 2023 | Sep 30, 2023 | Jul 15, 2023 | Jun 30, 2023 | Apr 22, 2023 | Mar 31, 2023 | Dec 31, 2022 | Oct 8, 2022 | Sep 30, 2022 | Jun 30, 2022 | Apr 23, 2022 | Mar 31, 2022 | Dec 31, 2021 | Oct 9, 2021 | Sep 30, 2021 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (ttm) | US$ in thousands | 5,103,480 | 5,121,390 | 5,130,090 | 5,104,370 | 4,755,600 | 4,854,620 | 5,189,850 | 5,525,080 | 5,379,700 | 5,309,820 | 4,933,500 | 4,528,060 | 4,881,320 | 5,159,080 | 4,984,400 | 4,883,150 | 4,475,020 | 4,056,400 | 4,090,220 | 4,364,590 |
Total current assets | US$ in thousands | 656,364 | 707,724 | 702,767 | 688,404 | 687,713 | 714,579 | 714,579 | 748,940 | 748,940 | 715,853 | 715,853 | 804,940 | 835,416 | 977,251 | 971,775 | 818,866 | 818,866 | 900,428 | 849,333 | 849,333 |
Total current liabilities | US$ in thousands | 548,603 | 569,061 | 589,497 | 622,394 | 659,152 | 669,859 | 669,859 | 555,457 | 555,457 | 542,119 | 542,119 | 564,425 | 594,531 | 594,531 | 570,161 | 538,024 | 538,024 | 519,917 | 536,591 | 536,591 |
Working capital turnover | 47.36 | 36.93 | 45.29 | 77.33 | 166.51 | 108.56 | 116.05 | 28.56 | 27.80 | 30.56 | 28.40 | 18.83 | 20.26 | 13.48 | 12.41 | 17.39 | 15.93 | 10.66 | 13.08 | 13.96 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $5,103,480K ÷ ($656,364K – $548,603K)
= 47.36
The working capital turnover ratio for Flowers Foods Inc has shown varied trends over the past several quarters. The ratio indicates the efficiency with which the company is utilizing its working capital to generate sales revenue.
- In the period from September 30, 2021, to June 30, 2022, the working capital turnover ratio ranged between 10.66 and 17.39, showing relatively stable performance with moderate fluctuations.
- There was a notable increase in the ratio from March 31, 2023, reaching a peak of 166.51 on December 31, 2023, indicating a significant improvement in working capital efficiency during this period.
- The ratio declined significantly in the following quarters, dropping to 45.29 on June 30, 2024, and further decreasing to 47.36 by December 31, 2024.
- The substantial fluctuations in the working capital turnover ratio from September 30, 2023, to December 31, 2024, suggest a fluctuating efficiency in managing working capital to support sales activities.
Overall, the working capital turnover ratio for Flowers Foods Inc has displayed significant variability over the analyzed period, with notable peaks and declines. This indicates fluctuations in the company's ability to efficiently utilize its working capital in generating sales revenue. Further analysis of the underlying factors driving these fluctuations may be necessary to understand the company's working capital management performance effectively.
Peer comparison
Dec 31, 2024