Leslies Inc (LESL)
Working capital turnover
| 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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,294,897 | 1,312,252 | 1,335,830 | 1,360,916 | 1,385,771 | 1,436,567 | 1,510,137 | 1,535,663 | 1,531,880 | 1,467,427 | 1,389,785 | 1,351,089 | 1,299,337 | |||
| Total current assets | US$ in thousands | 422,434 | 457,009 | 453,632 | 392,044 | 420,286 | 536,704 | 591,718 | 508,504 | 542,378 | 632,329 | 471,876 | 375,499 | 601,711 | 608,384 | 448,326 | 340,064 |
| Total current liabilities | US$ in thousands | 246,919 | 285,881 | 262,101 | 204,573 | 225,830 | 315,297 | 292,391 | 254,594 | 347,956 | 432,895 | 338,187 | 254,208 | 309,713 | 352,437 | 325,761 | 191,603 |
| Working capital turnover | 7.38 | 7.67 | 6.97 | 7.26 | 7.13 | 6.49 | 5.05 | 6.05 | 7.88 | 7.36 | 10.40 | 11.14 | 4.45 |
September 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,294,897K ÷ ($422,434K – $246,919K)
= 7.38
Leslies Inc's working capital turnover has fluctuated over the past several quarters, ranging between 4.45 to 11.14. The working capital turnover ratio measures how efficiently a company is using its working capital to generate revenue, with a higher ratio indicating better efficiency.
In the most recent quarter, the working capital turnover was 7.38, a slight decrease from the previous quarter. This suggests that Leslies Inc is generating $7.38 in revenue for every dollar of working capital invested. Although the ratio has been relatively stable over the past few quarters, it is important to monitor any significant deviations as it could signal changes in the company's liquidity or operational efficiency.
Overall, Leslies Inc's working capital turnover indicates that the company is effectively utilizing its working capital to drive revenue generation, but continued monitoring and analysis are necessary to ensure sustainable financial performance.
Peer comparison
Sep 30, 2024