Hanesbrands Inc (HBI)
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 | 3,885,425 | 4,385,526 | 4,959,733 | 5,403,320 | 5,131,150 | 5,307,610 | 5,467,040 | 5,541,530 | 6,233,660 | 6,512,720 | 6,631,530 | 6,869,370 | 6,801,240 | 6,849,730 | 6,868,450 | 6,855,920 | 6,664,350 | 6,614,510 | 6,673,210 | 6,695,360 |
| Total current assets | US$ in thousands | 1,715,380 | 2,339,700 | 2,285,910 | 2,323,710 | 2,276,220 | 2,595,760 | 2,891,700 | 3,028,970 | 3,131,750 | 3,554,760 | 3,505,800 | 3,297,580 | 3,528,100 | 3,907,910 | 3,620,610 | 3,284,110 | 3,408,390 | 4,097,220 | 4,031,800 | 3,950,870 |
| Total current liabilities | US$ in thousands | 1,248,540 | 1,575,460 | 1,566,480 | 1,459,440 | 1,390,570 | 1,655,280 | 1,728,090 | 1,764,470 | 1,790,630 | 2,082,040 | 2,059,960 | 2,066,030 | 2,327,050 | 2,418,050 | 2,255,960 | 2,003,740 | 2,103,370 | 2,022,750 | 2,002,250 | 1,789,070 |
| Working capital turnover | 8.32 | 5.74 | 6.89 | 6.25 | 5.79 | 5.64 | 4.70 | 4.38 | 4.65 | 4.42 | 4.59 | 5.58 | 5.66 | 4.60 | 5.03 | 5.35 | 5.11 | 3.19 | 3.29 | 3.10 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,885,425K ÷ ($1,715,380K – $1,248,540K)
= 8.32
The working capital turnover ratio for Hanesbrands Inc has fluctuated over the years based on the provided data. The ratio indicates how effectively the company is utilizing its working capital to generate sales.
From March 31, 2020, to December 31, 2021, the working capital turnover ratio steadily increased from 3.10 to 5.66, reflecting an improvement in the company's efficiency in using its working capital to support its operations and generate revenue.
However, from March 31, 2022, to December 31, 2024, the ratio fluctuated between 4.38 and 8.32, indicating some variability in the company's working capital management efficiency during this period.
Overall, the trend in the working capital turnover ratio for Hanesbrands Inc shows an initial improvement followed by some fluctuations, suggesting that the company's management of working capital and its ability to generate sales may have experienced some variability over the years covered by the data.