Hawkins Inc (HWKN)
Working capital turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 974,431 | 919,162 | 935,098 | 774,541 | 596,871 |
| Total current assets | US$ in thousands | 230,691 | 202,826 | 232,044 | 227,738 | 163,007 |
| Total current liabilities | US$ in thousands | 107,135 | 103,307 | 90,871 | 101,466 | 70,462 |
| Working capital turnover | 7.89 | 9.24 | 6.62 | 6.13 | 6.45 |
March 31, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $974,431K ÷ ($230,691K – $107,135K)
= 7.89
Hawkins Inc's working capital turnover ratio has shown fluctuations over the past five years. The ratio was at 6.45 in March 31, 2021, indicating that the company generated $6.45 of revenue for every dollar of working capital invested. It decreased to 6.13 in March 31, 2022, suggesting a decline in efficiency in utilizing working capital.
However, the ratio improved significantly in March 31, 2024, reaching 9.24, showcasing a substantial increase in revenue generated per dollar of working capital. This spike indicates a more efficient management of working capital during that period.
By March 31, 2025, the ratio had slightly decreased to 7.89, still reflecting a strong turnover of working capital. Overall, Hawkins Inc's working capital turnover has displayed variations but generally remains at healthy levels, showcasing the company's ability to efficiently utilize its working capital to generate revenue.
Peer comparison
Mar 31, 2025