Hershey Co (HSY)
Working capital turnover
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 11,004,030 | 11,070,300 | 10,743,680 | 10,623,500 | 10,318,580 | 10,004,590 | 9,690,530 | 9,341,870 | 8,933,450 | 8,799,400 | 8,656,350 | 8,386,670 | 8,149,720 | 8,032,600 | 7,947,190 | 8,007,080 | 7,986,250 | 7,906,030 | 7,851,200 | 7,835,600 |
| Total current assets | US$ in thousands | 2,912,100 | 3,190,420 | 2,880,900 | 2,726,100 | 2,620,410 | 2,692,730 | 2,428,460 | 2,457,440 | 2,246,210 | 2,741,940 | 2,219,180 | 2,860,020 | 2,977,900 | 3,207,100 | 2,902,940 | 2,854,750 | 2,117,100 | 2,375,060 | 2,093,560 | 2,216,930 |
| Total current liabilities | US$ in thousands | 3,008,350 | 2,936,480 | 2,726,060 | 3,281,350 | 3,257,150 | 3,388,610 | 3,300,910 | 2,565,640 | 2,493,310 | 1,906,500 | 1,587,000 | 1,774,630 | 1,891,740 | 2,228,190 | 2,214,820 | 2,892,800 | 2,008,790 | 2,982,370 | 2,387,430 | 2,398,180 |
| Working capital turnover | — | 43.59 | 69.39 | — | — | — | — | — | — | 10.53 | 13.69 | 7.73 | 7.50 | 8.21 | 11.55 | — | 73.74 | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $11,004,030K ÷ ($2,912,100K – $3,008,350K)
= —
The working capital turnover ratio for Hershey Company shows a significant fluctuation over the past eight quarters. In Q3 2023, the ratio stood at 43.95, indicating that the company generated $43.95 in revenue for every dollar of working capital invested. This was a decrease from the ratio of 70.13 in Q2 2023, suggesting a possible efficiency decline in utilizing working capital to generate sales.
However, there is missing data for other quarters, making it challenging to analyze the overall trend accurately. It is recommended to track this ratio consistently over time to assess the company's ability to efficiently utilize its working capital in generating revenue.
Peer comparison
Dec 31, 2023