Hasbro Inc (HAS)
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 | 4,135,500 | 4,322,800 | 4,544,900 | 4,759,600 | 5,003,300 | 5,392,900 | 5,565,400 | 5,694,600 | 5,856,700 | 6,191,600 | 6,485,700 | 6,468,700 | 6,420,400 | 6,129,970 | 5,936,570 | 5,474,670 | 5,465,470 | 5,170,510 | 4,969,080 | 5,093,317 |
| Total current assets | US$ in thousands | 2,242,500 | 3,021,600 | 2,674,400 | 1,995,400 | 2,323,600 | 3,240,100 | 2,509,000 | 2,539,200 | 2,999,100 | 3,260,500 | 3,085,400 | 3,255,300 | 3,728,100 | 3,730,400 | 3,616,400 | 3,236,000 | 3,846,640 | 3,758,960 | 3,185,670 | 3,318,500 |
| Total current liabilities | US$ in thousands | 1,401,300 | 2,052,800 | 1,830,100 | 1,792,200 | 2,056,400 | 2,024,200 | 1,950,400 | 1,897,400 | 2,189,700 | 2,356,900 | 2,158,200 | 2,043,000 | 2,455,900 | 2,450,400 | 2,045,600 | 1,753,400 | 2,403,340 | 2,315,550 | 1,981,560 | 1,731,290 |
| Working capital turnover | 4.92 | 4.46 | 5.38 | 23.42 | 18.72 | 4.44 | 9.96 | 8.87 | 7.24 | 6.85 | 6.99 | 5.34 | 5.05 | 4.79 | 3.78 | 3.69 | 3.79 | 3.58 | 4.13 | 3.21 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,135,500K ÷ ($2,242,500K – $1,401,300K)
= 4.92
The working capital turnover ratio reflects how efficiently a company is utilizing its working capital to generate sales revenue. Hasbro Inc's working capital turnover has shown fluctuations over the periods provided in the data.
The trend shows an improvement in the working capital turnover ratio from March 31, 2020, to June 30, 2021, with the ratio steadily increasing. This indicates that Hasbro was able to generate more sales revenue relative to its working capital during this period.
However, there was a significant spike in the working capital turnover ratio from June 30, 2022, to March 31, 2024, reaching its peak at 23.42 on March 31, 2024. Such a high ratio may suggest that Hasbro was particularly efficient in utilizing its working capital to drive sales during this period.
It is worth noting that there was a sharp decline in the ratio by the end of 2024, dropping to 4.92 on December 31, 2024. This indicates a potential decline in the efficiency of utilizing working capital to generate sales revenue compared to the previous periods.
Overall, the working capital turnover ratio for Hasbro Inc has shown variability, with periods of significant improvement followed by fluctuations. Analyzing the underlying reasons for these fluctuations could provide insights into the company's operational efficiency and financial performance.