Grocery Outlet Holding Corp (GO)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,943,260 | 3,558,750 | 3,066,320 | 3,116,180 | 2,508,820 |
| Total current assets | US$ in thousands | 516,551 | 467,357 | 442,745 | 381,957 | 270,826 |
| Total current liabilities | US$ in thousands | 383,965 | 280,514 | 237,906 | 232,646 | 208,627 |
| Working capital turnover | 29.74 | 19.05 | 14.97 | 20.87 | 40.34 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,943,260K ÷ ($516,551K – $383,965K)
= 29.74
Grocery Outlet Holding Corp's working capital turnover has exhibited fluctuations over the past five years. The trend shows an increase from 2019 to 2020, followed by a decrease in 2021, a subsequent increase in 2022, and a further rise in 2023. The most recent figure of 29.74 indicates that the company generated $29.74 in revenue for every dollar of working capital available in 2023. This suggests that the company efficiently utilizes its working capital to generate sales. However, the fluctuations in the ratios over the years indicate varying levels of efficiency in managing working capital. Additional context such as industry benchmarks or comparisons with competitors may provide further insights into the company's performance in this aspect.
Peer comparison
Dec 31, 2023