John B Sanfilippo & Son Inc (JBSS)
Working capital turnover
| Jun 30, 2025 | 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 | Dec 23, 2021 | Sep 30, 2021 | Sep 23, 2021 | Jun 30, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,107,246 | 1,107,742 | 1,118,719 | 1,108,874 | 1,066,783 | 1,031,433 | 998,084 | 981,190 | 999,686 | 1,023,212 | 1,003,261 | 982,140 | 982,746 | 951,327 | 959,072 | 912,607 | 867,292 | 874,538 | 858,482 | 855,939 |
| Total current assets | US$ in thousands | 331,841 | 349,196 | 306,698 | 287,489 | 294,085 | 296,323 | 289,766 | 251,593 | 254,430 | 274,575 | 257,821 | 275,543 | 283,164 | 288,151 | 257,564 | 257,564 | 235,439 | 235,439 | 225,167 | 223,783 |
| Total current liabilities | US$ in thousands | 85,643 | 173,991 | 150,062 | 139,833 | 125,940 | 120,390 | 128,291 | 89,301 | 85,688 | 102,758 | 104,062 | 126,170 | 122,762 | 145,815 | 130,826 | 130,826 | 123,834 | 123,834 | 100,204 | 106,672 |
| Working capital turnover | 4.50 | 6.32 | 7.14 | 7.51 | 6.34 | 5.86 | 6.18 | 6.05 | 5.92 | 5.96 | 6.52 | 6.58 | 6.13 | 6.68 | 7.57 | 7.20 | 7.77 | 7.84 | 6.87 | 7.31 |
June 30, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,107,246K ÷ ($331,841K – $85,643K)
= 4.50
The working capital turnover of John B Sanfilippo & Son Inc over the period from March 31, 2021, to June 30, 2025, demonstrates notable fluctuations indicative of changes in operational efficiency and liquidity management.
Starting at 7.31 in March 2021, the ratio experienced a slight decline to 6.87 by June 2021, followed by a modest increase to a peak of 7.84 in September 2021 for the year-end, which suggests an improved efficiency in utilizing working capital to generate sales during that period. Throughout most of 2022, the ratio showed a decreasing trend, reaching 6.13 by June 2022, and remaining relatively stable with minor fluctuations thereafter, averaging around the 6.5 to 7 range.
A noticeable decline appears again in early 2023, with the ratio falling to approximately 5.96 by March 2023. This downward trend continued into June 2023, reaching 5.92, and briefly increased to 6.05 in September 2023. By December 2023, the ratio slightly improved to 6.18, sustaining stability into early 2024.
However, in the subsequent period, the ratio decreased once more, reaching 5.86 in March 2024 but then rebounded to 6.34 in June 2024 and subsequently surged to 7.51 in September 2024, indicating a significant increase in operational efficiency relative to working capital. The ratio then moderated slightly to 7.14 by December 2024.
The most recent data shows a decline to 6.32 in March 2025, followed by a sharp drop to 4.50 in June 2025, the lowest point in the observed period. This sharp decrease may indicate either an increase in sales relative to working capital or potential liquidity constraints affecting operational efficiency at that time.
Overall, the company's working capital turnover ratio exhibits a cyclical pattern with periods of increases and decreases, reflecting fluctuating operational efficiency and management of working capital resources over the assessed timeline. The recent downward trend suggests a potential need for closer examination of liquidity and operational strategies.
Peer comparison
Jun 30, 2025