John B Sanfilippo & Son Inc (JBSS)
Working capital turnover
| 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 23, 2021 | Sep 23, 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,066,783 | 1,031,433 | 998,084 | 981,190 | 999,686 | 1,023,212 | 1,003,261 | 982,140 | 955,868 | 904,862 | 894,170 | 874,538 | 858,482 | 855,939 | 859,671 | 872,519 | 880,092 | 894,990 | 884,412 | 890,508 |
| Total current assets | US$ in thousands | 294,085 | 296,323 | 289,766 | 251,593 | 254,430 | 274,575 | 257,821 | 275,543 | 283,164 | 288,151 | 257,564 | 235,439 | 225,167 | 223,783 | 227,501 | 227,348 | 238,871 | 262,798 | 232,378 | 223,105 |
| Total current liabilities | US$ in thousands | 125,940 | 120,390 | 128,291 | 89,301 | 85,688 | 102,758 | 104,062 | 126,170 | 122,762 | 145,815 | 130,826 | 123,834 | 100,204 | 106,672 | 97,988 | 117,635 | 112,168 | 135,209 | 117,736 | 104,407 |
| Working capital turnover | 6.34 | 5.86 | 6.18 | 6.05 | 5.92 | 5.96 | 6.52 | 6.58 | 5.96 | 6.36 | 7.06 | 7.84 | 6.87 | 7.31 | 6.64 | 7.95 | 6.95 | 7.01 | 7.71 | 7.50 |
June 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,066,783K ÷ ($294,085K – $125,940K)
= 6.34
The working capital turnover ratio for John B Sanfilippo & Son Inc has exhibited variability over the past few quarters, ranging from 5.86 to 7.95. This ratio measures the efficiency of the company in managing its working capital to generate sales revenue. A higher ratio indicates that the company is effectively utilizing its working capital to generate sales.
The average working capital turnover for the company during this period appears to be around 6.78. It is important to note that a consistent and stable working capital turnover ratio over time reflects smooth operations and efficient working capital management by the company.
It is also worth noting that the working capital turnover ratio for the company has experienced fluctuations, indicating potential changes in the company's operational efficiency and liquidity management. This may require further investigation to understand the underlying reasons for these fluctuations and to assess the overall financial health and performance of John B Sanfilippo & Son Inc.
Peer comparison
Jun 30, 2024