Hawkins Inc (HWKN)
Working capital turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 919,162 | 935,098 | 774,541 | 596,871 | 540,198 |
| Total current assets | US$ in thousands | 202,826 | 232,044 | 227,738 | 163,007 | 131,031 |
| Total current liabilities | US$ in thousands | 103,307 | 90,871 | 101,466 | 70,462 | 62,220 |
| Working capital turnover | 9.24 | 6.62 | 6.13 | 6.45 | 7.85 |
March 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $919,162K ÷ ($202,826K – $103,307K)
= 9.24
The working capital turnover ratio for Hawkins Inc has fluctuated over the past five years. Typically, a higher working capital turnover ratio indicates that the company is able to efficiently generate revenue using its working capital.
In the current year ending March 31, 2024, the working capital turnover ratio stands at 9.24, showing a significant improvement compared to the previous year. This suggests that Hawkins Inc has been able to effectively utilize its working capital to generate revenue.
In the preceding years, the working capital turnover ratios were 6.62 in 2023, 6.13 in 2022, 6.45 in 2021, and 7.85 in 2020. Although there were fluctuations, the ratios generally remained above 6, indicating that the company has been maintaining a relatively efficient use of its working capital to drive sales.
Overall, the increasing trend in the working capital turnover ratio indicates an improvement in Hawkins Inc's efficiency in generating revenue relative to its working capital over the past few years. This reflects positively on the company's operational performance and management of its working capital.
Peer comparison
Mar 31, 2024