Hawkins Inc (HWKN)
Working capital turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 540,198 | 540,836 | 548,581 | 553,862 |
| Total current assets | US$ in thousands | 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 | 131,031 | 127,049 | 133,104 | 138,103 |
| Total current liabilities | US$ in thousands | 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 | 62,220 | 51,281 | 53,853 | 55,689 |
| Working capital turnover | 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 | 7.85 | 7.14 | 6.92 | 6.72 |
March 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $919,162K ÷ ($202,826K – $103,307K)
= 9.24
The working capital turnover ratio for Hawkins Inc has shown fluctuations over the past 20 quarters, ranging from a low of 5.08 to a high of 9.24. This ratio measures how efficiently the company is utilizing its working capital to generate sales revenue.
A higher working capital turnover ratio indicates that the company is effectively managing its working capital resources and efficiently converting them into sales. Conversely, a lower ratio may suggest inefficient use of working capital.
Hawkins Inc's working capital turnover has generally been trending upwards, which could indicate improved efficiency in managing its working capital over time. However, there are fluctuations in the ratio, indicating potential variability in the company's working capital management practices.
Overall, a thorough analysis of the company's working capital turnover ratio over time can provide valuable insights into its operational efficiency and financial performance.
Peer comparison
Mar 31, 2024