Fox Factory Holding Corp (FOXF)
Working capital turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,446,505 | 1,531,268 | 1,610,118 | 1,618,829 | 1,597,282 | 1,529,458 | 1,470,392 | 1,393,548 | 1,299,064 | 1,219,126 | 1,132,391 | 987,329 | 890,554 | 814,044 | 763,913 | 771,928 | 748,438 | 719,367 | 683,848 | 648,724 |
| Total current assets | US$ in thousands | 768,055 | 737,223 | 846,722 | 881,669 | 797,674 | 877,142 | 920,859 | 855,529 | 724,670 | 778,945 | 723,229 | 650,853 | 581,969 | 559,635 | 500,184 | 394,186 | 281,813 | 299,609 | 289,506 | 271,183 |
| Total current liabilities | US$ in thousands | 207,550 | 191,677 | 207,562 | 253,636 | 258,889 | 265,091 | 272,460 | 280,807 | 229,862 | 269,888 | 248,879 | 198,034 | 165,389 | 173,887 | 118,229 | 138,673 | 91,813 | 102,599 | 106,024 | 113,696 |
| Working capital turnover | 2.58 | 2.81 | 2.52 | 2.58 | 2.96 | 2.50 | 2.27 | 2.42 | 2.63 | 2.39 | 2.39 | 2.18 | 2.14 | 2.11 | 2.00 | 3.02 | 3.94 | 3.65 | 3.73 | 4.12 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,446,505K ÷ ($768,055K – $207,550K)
= 2.58
The working capital turnover for Fox Factory Holding Corp has fluctuated over the time period indicated in the table. The ratio represents the efficiency of the company in utilizing its working capital to generate sales revenue.
In the most recent quarter, the working capital turnover was 2.58, indicating that the company generated $2.58 in sales for every $1 of working capital employed during that period. This figure has shown some variability in recent quarters, ranging from a low of 2.00 to a high of 3.02 in the last five quarters.
Overall, the trend in the working capital turnover ratio for Fox Factory Holding Corp shows a mixed performance. It is essential for investors and analysts to closely monitor this ratio to assess the company's ability to effectively manage its working capital and generate revenue.
Peer comparison
Dec 31, 2023