The Hain Celestial Group Inc (HAIN)

Working capital turnover

		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	Dec 31, 2019	Sep 30, 2019
Revenue (ttm)	US$ in thousands	1,678,403	1,682,561	1,713,018	1,728,265	1,755,367	1,805,591	1,853,287	1,876,020	1,891,788	1,893,216	1,882,881	1,934,358	1,977,806	2,031,395	2,092,088	2,070,434	2,053,862	2,099,798	2,146,298	2,223,690
Total current assets	US$ in thousands	557,059	571,953	599,440	565,753	591,031	599,110	605,301	595,707	600,126	559,591	578,972	532,324	577,055	596,297	636,455	612,751	560,934	604,054	576,753	564,859
Total current liabilities	US$ in thousands	281,503	272,373	267,480	246,590	230,867	249,756	246,447	257,479	269,303	282,654	297,672	296,364	290,434	331,420	365,705	329,003	300,277	302,229	312,035	319,960
Working capital turnover		6.09	5.62	5.16	5.41	4.87	5.17	5.16	5.55	5.72	6.84	6.69	8.20	6.90	7.67	7.73	7.30	7.88	6.96	8.11	9.08

June 30, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,678,403K ÷ ($557,059K – $281,503K)
= 6.09

The working capital turnover ratio for The Hain Celestial Group Inc has fluctuated over the periods provided. The ratio indicates how efficiently the company is using its working capital to generate sales. A higher ratio suggests that the company is effectively managing its working capital to support sales growth.

In this case, we observe that the working capital turnover ratio has varied between 4.87 and 9.08 over the past 20 quarters. The company's working capital turnover peaked at 9.08 in the fourth quarter of 2019, indicating a high level of efficiency in converting working capital into sales during that period.

Overall, the working capital turnover ratio for The Hain Celestial Group Inc has shown some fluctuations but has generally remained at healthy levels, demonstrating the company's ability to effectively utilize its working capital to support its sales activities.