Performance Food Group Co (PFGC)
Working capital turnover
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 57,036,700 | 50,708,000 | 30,246,500 | 24,969,400 | 19,678,100 |
| Total current assets | US$ in thousands | 6,071,500 | 6,022,000 | 3,580,400 | 3,453,900 | 2,670,600 |
| Total current liabilities | US$ in thousands | 3,553,100 | 3,633,000 | 2,527,200 | 2,618,700 | 1,699,300 |
| Working capital turnover | 22.65 | 21.23 | 28.72 | 29.90 | 20.26 |
June 30, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $57,036,700K ÷ ($6,071,500K – $3,553,100K)
= 22.65
The working capital turnover for Performance Food Group Co has shown some fluctuations over the past five years. The ratio has ranged from a low of 20.26 in 2019 to a high of 29.90 in 2020. The highest turnover was observed in 2020, indicating that the company was able to generate revenue 29.90 times for each dollar of working capital invested during that year. However, there was a noticeable decrease in the turnover in 2021 and 2022, which could suggest a potential inefficiency in utilizing working capital during those periods. The most recent data for 2023 shows an improvement in the working capital turnover compared to the previous year, indicating a more effective use of working capital to generate revenue. Overall, Performance Food Group Co should continue to monitor and manage its working capital effectively to ensure optimal efficiency in its operations.
Peer comparison
Jun 30, 2023