Kraft Heinz Co (KHC)
Working capital turnover
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 25,904,000 | 26,385,000 | 26,412,000 | 26,384,000 | 25,729,000 | 23,928,000 | 23,469,000 | 23,040,000 | 23,202,000 | 24,866,000 | 25,001,000 | 25,170,000 | 25,036,000 | 24,643,000 | 24,255,000 | 24,180,000 | 24,202,000 | 24,222,000 | 24,591,000 | 24,854,000 |
| Total current assets | US$ in thousands | 7,929,000 | 7,838,000 | 7,994,000 | 8,216,000 | 7,897,000 | 7,860,000 | 8,138,000 | 9,275,000 | 8,994,000 | 9,557,000 | 11,385,000 | 13,136,000 | 10,822,000 | 10,065,000 | 8,776,000 | 11,708,000 | 8,097,000 | 9,125,000 | 9,168,000 | 8,835,000 |
| Total current liabilities | US$ in thousands | 8,037,000 | 7,804,000 | 8,385,000 | 8,954,000 | 9,028,000 | 8,686,000 | 9,119,000 | 9,064,000 | 9,064,000 | 8,455,000 | 9,879,000 | 7,570,000 | 8,061,000 | 7,694,000 | 8,050,000 | 7,934,000 | 7,875,000 | 9,112,000 | 7,797,000 | 7,972,000 |
| Working capital turnover | — | 776.03 | — | — | — | — | — | 109.19 | — | 22.56 | 16.60 | 4.52 | 9.07 | 10.39 | 33.41 | 6.41 | 109.02 | 1,863.23 | 17.94 | 28.80 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $25,904,000K ÷ ($7,929,000K – $8,037,000K)
= —
The working capital turnover ratio for Kraft Heinz Co has shown variations over the periods provided. The ratio measures how efficiently the company is using its working capital to generate sales.
In December 2023, the working capital turnover ratio was not available. In September 2023, the ratio was 776.03, possibly indicating a significant increase in the efficiency of utilizing working capital compared to the previous periods. However, the absence of data for other periods limits the ability to draw a meaningful trend analysis.
In March and June 2023, the working capital turnover ratios were 16.60 and 4.52, respectively, reflecting a decrease in efficiency from earlier periods. This decrease could suggest possible challenges in managing working capital effectively during these quarters.
Notably, in December 2021, the ratio spiked to 1,863.23, indicating an exceptional efficiency in utilizing working capital to generate sales. This could be a result of effective management strategies implemented during that period.
Overall, the working capital turnover ratio for Kraft Heinz Co has exhibited fluctuations over the provided periods, emphasizing the importance of consistently monitoring and managing working capital to optimize operational efficiency and financial performance.
Peer comparison
Dec 31, 2023