Fox Factory Holding Corp (FOXF)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,393,921 | 1,373,579 | 1,345,575 | 1,397,799 | 1,464,178 | 1,540,324 | 1,618,375 | 1,624,365 | 1,602,491 | 1,536,179 | 1,474,446 | 1,395,905 | 1,299,064 | 1,219,126 | 1,132,391 | 987,329 | 890,554 | 814,044 | 764,661 | 773,681 |
| Total current assets | US$ in thousands | 727,680 | 811,169 | 791,720 | 765,463 | 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 |
| Total current liabilities | US$ in thousands | 259,780 | 252,714 | 252,827 | 223,025 | 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 |
| Working capital turnover | 2.98 | 2.46 | 2.50 | 2.58 | 2.61 | 2.82 | 2.53 | 2.59 | 2.97 | 2.51 | 2.27 | 2.43 | 2.63 | 2.39 | 2.39 | 2.18 | 2.14 | 2.11 | 2.00 | 3.03 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,393,921K ÷ ($727,680K – $259,780K)
= 2.98
The working capital turnover ratio for Fox Factory Holding Corp has shown a generally stable trend over the analyzed period from March 31, 2020, to December 31, 2024. This ratio measures the efficiency of the company in utilizing its working capital to generate sales revenue.
Initially, the working capital turnover was 3.03 on March 31, 2020, indicating that the company generated $3.03 in sales for each dollar of working capital. The ratio then decreased to 2.00 by June 30, 2020, showing a decline in efficiency. However, it gradually improved and peaked at 2.98 on December 31, 2024.
Overall, the company's ability to generate sales from its working capital has been relatively consistent, with fluctuations observed but generally trending positively. A higher turnover ratio implies that Fox Factory Holding Corp efficiently manages its working capital to drive sales growth and operational performance. This indicates a healthy financial position for the company in terms of working capital management.
Peer comparison
Dec 31, 2024