H B Fuller Company (FUL)
Working capital turnover
| Nov 30, 2024 | Aug 31, 2024 | Jun 1, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,568,737 | 3,548,332 | 3,531,039 | 3,512,171 | 3,510,935 | 3,566,270 | 3,606,866 | 3,701,885 | 3,749,184 | 3,688,394 | 3,573,994 | 3,408,609 | 3,278,031 | 3,158,247 | 3,022,880 | 2,869,609 | 2,790,269 | 2,751,735 | 2,785,648 | 2,870,629 |
| Total current assets | US$ in thousands | 1,299,200 | 1,330,290 | 1,291,060 | 1,296,850 | 1,312,100 | 1,241,390 | 1,317,950 | 1,340,920 | 1,299,380 | 1,420,930 | 1,409,010 | 1,348,620 | 1,221,170 | 1,204,460 | 1,166,940 | 1,076,600 | 1,019,780 | 989,429 | 1,007,870 | 1,028,230 |
| Total current liabilities | US$ in thousands | 719,290 | 704,947 | 684,067 | 653,177 | 692,811 | 618,346 | 660,832 | 643,176 | 705,732 | 737,391 | 721,983 | 721,936 | 736,850 | 709,734 | 651,672 | 568,245 | 530,132 | 455,436 | 491,762 | 543,315 |
| Working capital turnover | 6.15 | 5.67 | 5.82 | 5.46 | 5.67 | 5.72 | 5.49 | 5.31 | 6.32 | 5.40 | 5.20 | 5.44 | 6.77 | 6.38 | 5.87 | 5.64 | 5.70 | 5.15 | 5.40 | 5.92 |
November 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,568,737K ÷ ($1,299,200K – $719,290K)
= 6.15
The working capital turnover ratio for H B Fuller Company shows a fluctuating trend over the reported periods, ranging from 5.15 to 6.77. This ratio measures how efficiently the company is utilizing its working capital to generate sales.
The company's working capital turnover increased from 5.15 on August 29, 2020, to 6.77 on November 27, 2021, indicating an improvement in the efficiency of working capital management during this period.
However, the ratio declined to 5.20 on May 28, 2022, before picking up again to 6.32 on December 3, 2022. This fluctuation suggests some variability in the company's ability to convert working capital into revenue.
Overall, while there have been fluctuations in the working capital turnover ratio, the company has generally maintained a reasonable level of efficiency in utilizing its working capital to support its sales activities.
Peer comparison
Nov 30, 2024