Fox Factory Holding Corp (FOXF)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,393,920 | 1,464,180 | 1,602,490 | 1,299,060 | 890,554 |
| Total current assets | US$ in thousands | 727,680 | 768,055 | 797,674 | 724,670 | 581,969 |
| Total current liabilities | US$ in thousands | 259,780 | 207,550 | 258,889 | 229,862 | 165,389 |
| Working capital turnover | 2.98 | 2.61 | 2.97 | 2.63 | 2.14 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,393,920K ÷ ($727,680K – $259,780K)
= 2.98
Working capital turnover for Fox Factory Holding Corp has shown a positive trend over the past five years, increasing from 2.14 in 2020 to 2.98 in 2024. This indicates that the company is generating more revenue relative to its working capital. However, there was a slight dip in 2023 to 2.61 before rebounding in 2024. Overall, the company is effectively utilizing its working capital to support its operations and generate sales.
Peer comparison
Dec 31, 2024
Company name
Symbol
Working capital turnover
Fox Factory Holding Corp
FOXF
2.98
Harley-Davidson Inc
HOG
3.60