McCormick & Company Incorporated (MKC)
Working capital turnover
| Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,723,700 | 6,678,500 | 6,683,400 | 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 |
| Total current assets | US$ in thousands | 2,139,000 | 2,244,300 | 2,069,400 | 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 |
| Total current liabilities | US$ in thousands | 2,882,800 | 3,144,300 | 2,984,300 | 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 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 162.49 | — |
November 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $6,723,700K ÷ ($2,139,000K – $2,882,800K)
= —
The working capital turnover ratio for McCormick & Company Incorporated in the most recent time period available (May 31, 2020) is 162.49. This indicates that the company generated $162.49 in revenue for every dollar of working capital it had during that period.
However, the data shows that this ratio was not available for the subsequent periods up to the present (November 30, 2024), as indicated by "—" in those dates. This could imply that there may have been significant fluctuations in the company's working capital and revenue figures during those periods, making it difficult to calculate a consistent working capital turnover ratio.
Overall, it is important for the company to closely monitor its working capital management to ensure efficient utilization of resources and maximize revenue generation. A high working capital turnover ratio generally reflects strong efficiency in utilizing working capital to drive sales, but the lack of data for subsequent periods makes it hard to assess the company's ongoing performance in this regard.