Performance Food Group Co (PFGC)
Inventory turnover
| 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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 51,935,300 | 51,895,200 | 51,579,500 | 51,443,900 | 51,343,600 | 50,808,200 | 49,955,600 | 46,095,200 | 41,271,000 | 35,884,400 | 30,345,000 | 27,269,900 | 24,107,700 | 23,949,600 | 23,232,500 | 22,493,400 | 22,629,800 | 20,461,300 | 19,098,300 | 17,505,600 |
| Inventory | US$ in thousands | 3,107,000 | 3,342,100 | 3,519,700 | 3,390,000 | 3,247,300 | 3,344,300 | 3,335,000 | 3,428,600 | 3,085,300 | 3,190,900 | 2,864,000 | 1,839,400 | 1,541,800 | 1,477,700 | 1,523,900 | 1,549,400 | 1,803,100 | 1,349,400 | 1,411,200 | 1,356,900 |
| Inventory turnover | 16.72 | 15.53 | 14.65 | 15.18 | 15.81 | 15.19 | 14.98 | 13.44 | 13.38 | 11.25 | 10.60 | 14.83 | 15.64 | 16.21 | 15.25 | 14.52 | 12.55 | 15.16 | 13.53 | 12.90 |
March 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $51,935,300K ÷ $3,107,000K
= 16.72
Performance Food Group Co's inventory turnover has been fluctuating over the past few quarters. The company's inventory turnover ratio ranged from a low of 10.60 times in September 2021 to a high of 16.72 times in March 2024. Generally, a higher inventory turnover ratio indicates that the company is selling its inventory more frequently during the period.
The overall trend shows that Performance Food Group Co has generally been able to efficiently manage its inventory levels and turn them into sales, with some fluctuations in between. However, it is worth noting that the inventory turnover ratio decreased in the most recent quarter compared to the previous quarter. This may indicate that the company's inventory management efficiency slightly decreased in the most recent period.
Overall, further analysis would be required to understand the reasons behind the fluctuations in Performance Food Group Co's inventory turnover and to assess the impact on the company's financial performance and operational efficiency.
Peer comparison
Mar 31, 2024
Mar 31, 2024