Grocery Outlet Holding Corp (GO)
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 | 4,371,490 | 4,263,458 | 4,159,188 | 4,040,928 | 3,969,455 | 3,910,467 | 3,824,742 | 3,712,141 | 3,578,101 | 3,429,972 | 3,280,667 | 3,158,543 | 3,079,582 | 3,103,702 | 3,098,904 | 3,126,798 | 3,134,640 | 2,983,336 | 2,871,794 | 2,713,654 |
| Total current assets | US$ in thousands | 503,898 | 513,972 | 475,268 | 478,400 | 516,551 | 514,489 | 440,292 | 427,207 | 467,357 | 468,577 | 429,034 | 461,132 | 442,745 | 430,405 | 401,990 | 364,651 | 381,957 | 344,663 | 334,833 | 373,094 |
| Total current liabilities | US$ in thousands | 349,624 | 352,284 | 368,679 | 382,060 | 383,965 | 383,713 | 321,007 | 300,939 | 280,514 | 287,448 | 260,432 | 242,242 | 237,906 | 228,461 | 213,893 | 197,054 | 232,646 | 195,978 | 207,908 | 192,490 |
| Working capital turnover | 28.34 | 26.37 | 39.02 | 41.94 | 29.94 | 29.90 | 32.06 | 29.40 | 19.15 | 18.94 | 19.46 | 14.43 | 15.03 | 15.37 | 16.48 | 18.66 | 20.99 | 20.06 | 22.63 | 15.03 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,371,490K ÷ ($503,898K – $349,624K)
= 28.34
The working capital turnover ratio for Grocery Outlet Holding Corp has shown fluctuating trends over the period from March 31, 2020, to December 31, 2024. The ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue.
The working capital turnover ratio increased from 15.03 on March 31, 2020, to a peak of 41.94 on March 31, 2024. This signifies that the company improved its ability to generate sales from its working capital during this period.
However, the ratio witnessed a decline in the subsequent quarters, dropping to 28.34 on December 31, 2024, from the peak in March 2024. The decrease may suggest a less effective management of working capital in generating sales compared to the previous period.
Overall, the working capital turnover ratio for Grocery Outlet Holding Corp has shown both positive and negative fluctuations over the analyzed period, indicating varying levels of efficiency in utilizing working capital to drive sales.
Peer comparison
Dec 31, 2024