John B Sanfilippo & Son Inc (JBSS)
Working capital turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,066,780 | 999,686 | 955,868 | 858,482 | 880,092 |
| Total current assets | US$ in thousands | 294,085 | 254,430 | 283,164 | 225,167 | 238,871 |
| Total current liabilities | US$ in thousands | 125,940 | 85,688 | 122,762 | 100,204 | 112,168 |
| Working capital turnover | 6.34 | 5.92 | 5.96 | 6.87 | 6.95 |
June 30, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,066,780K ÷ ($294,085K – $125,940K)
= 6.34
The working capital turnover ratio for John B Sanfilippo & Son Inc has shown a fluctuating trend over the past five years. The ratio measures the efficiency of the company in generating revenue from its working capital. A higher ratio indicates that the company is effectively utilizing its working capital to generate sales.
In the most recent year, as of June 30, 2024, the working capital turnover ratio was 6.34, which was slightly higher compared to the previous year. This indicates that the company was able to generate $6.34 in revenue for every dollar of working capital invested during the year.
However, the trend in the preceding years shows some variability. The ratio decreased from 6.95 in 2020 to 6.87 in 2021 and then fluctuated around the 6 mark in 2022 and 2023.
Overall, the working capital turnover ratio of John B Sanfilippo & Son Inc has remained relatively stable over the years, signaling a consistent level of efficiency in utilizing working capital to drive revenue generation. Further analysis of the company's operations and financial performance would be needed to fully interpret the implications of these trends.
Peer comparison
Jun 30, 2024