McCormick & Company Incorporated (MKC)
Working capital turnover
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,699,400 | 6,662,200 | 6,605,100 | 6,516,000 | 6,393,600 | 6,350,500 | 6,385,100 | 6,338,900 | 6,358,800 | 6,317,900 | 6,145,500 | 6,026,400 | 5,870,800 | 5,601,300 | 5,528,200 | 5,427,100 | 5,327,900 | 5,347,400 | 5,330,500 | 5,319,500 |
| Total current assets | US$ in thousands | 2,020,200 | 2,001,600 | 2,127,500 | 2,104,000 | 2,411,300 | 2,386,700 | 2,412,800 | 2,324,700 | 2,239,000 | 2,195,800 | 2,160,900 | 2,052,600 | 1,954,700 | 2,083,600 | 1,759,600 | 1,615,700 | 1,524,400 | 1,550,200 | 1,589,400 | 1,473,100 |
| Total current liabilities | US$ in thousands | 2,973,800 | 3,098,900 | 3,171,000 | 2,487,100 | 3,321,000 | 3,432,400 | 3,140,400 | 3,133,000 | 3,076,700 | 3,223,800 | 3,161,300 | 2,381,200 | 2,423,700 | 3,046,500 | 1,953,500 | 1,582,300 | 2,072,400 | 2,154,400 | 2,030,400 | 1,860,100 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 162.49 | — | — | — | — |
February 29, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $6,699,400K ÷ ($2,020,200K – $2,973,800K)
= —
The working capital turnover ratio for McCormick & Company Incorporated for the period ending February 29, 2020, was 162.49. This indicates that the company generated $162.49 in net sales revenue for every dollar of working capital invested during that period. However, as the data provided only includes this single financial ratio for one specific date and no trend analysis is possible, it is difficult to assess the overall efficiency of the company in managing its working capital over time. A consistent or improving working capital turnover ratio could signify effective management of working capital, while a declining ratio may indicate inefficiencies in utilizing working capital resources. Further data and analysis over multiple periods would be necessary to draw meaningful conclusions about McCormick & Company's working capital management performance.