Hawkins Inc (HWKN)
Working capital turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 974,431 | 952,133 | 934,424 | 923,921 | 919,162 | 924,287 | 935,009 | 939,675 | 935,098 | 929,926 | 897,758 | 839,843 | 774,541 | 714,539 | 670,416 | 634,940 | 596,871 | 566,313 | 543,792 | 536,034 |
| Total current assets | US$ in thousands | 230,691 | 210,355 | 209,875 | 221,987 | 202,826 | 195,004 | 207,253 | 226,455 | 232,044 | 240,248 | 251,575 | 253,622 | 227,738 | 209,478 | 169,675 | 167,772 | 163,007 | 155,469 | 142,581 | 140,405 |
| Total current liabilities | US$ in thousands | 107,135 | 84,254 | 92,341 | 97,992 | 103,307 | 79,678 | 94,462 | 94,303 | 90,871 | 84,880 | 90,851 | 88,163 | 101,466 | 75,535 | 71,549 | 66,512 | 70,462 | 59,032 | 58,758 | 56,681 |
| Working capital turnover | 7.89 | 7.55 | 7.95 | 7.45 | 9.24 | 8.01 | 8.29 | 7.11 | 6.62 | 5.99 | 5.59 | 5.08 | 6.13 | 5.33 | 6.83 | 6.27 | 6.45 | 5.87 | 6.49 | 6.40 |
March 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $974,431K ÷ ($230,691K – $107,135K)
= 7.89
Hawkins Inc's working capital turnover has fluctuated over the past few years, ranging from a low of 5.08 to a high of 9.24. The working capital turnover ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue. A higher turnover ratio generally suggests efficient management of working capital.
Analyzing the trend, we observe that the working capital turnover increased from June 30, 2020, to September 30, 2021, indicating an improvement in efficiency during this period. However, the ratio decreased in the following quarters up to December 31, 2022, before starting to rise again. The highest working capital turnover was recorded on March 31, 2024, which suggests an efficient use of working capital to generate sales.
It is essential for Hawkins Inc to maintain a balance in managing its working capital efficiently to support its operations and growth. The company should continue monitoring this ratio to ensure optimal utilization of its resources and enhance its overall financial performance.
Peer comparison
Mar 31, 2025