Performance Food Group Co (PFGC)
Working capital turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 63,298,900 | 58,281,200 | 57,254,700 | 50,894,100 | 30,398,900 |
| Total current assets | US$ in thousands | 7,135,100 | 6,153,300 | 6,071,500 | 6,022,000 | 3,580,400 |
| Total current liabilities | US$ in thousands | 4,517,600 | 3,758,100 | 3,553,100 | 3,633,000 | 2,527,200 |
| Working capital turnover | 24.18 | 24.33 | 22.73 | 21.30 | 28.86 |
June 30, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $63,298,900K ÷ ($7,135,100K – $4,517,600K)
= 24.18
The analysis of Performance Food Group Co’s working capital turnover over the period from June 30, 2021, to June 30, 2025, indicates the following trends and observations:
- In the fiscal year ending June 30, 2021, the company’s working capital turnover was notably high at 28.86, suggesting a highly efficient utilization of working capital to generate sales during that period.
- A significant decline occurred in the subsequent year, with the ratio decreasing to 21.30 by June 30, 2022. This reduction indicates a decrease in the efficiency of working capital utilization or an increase in working capital levels relative to sales.
- The ratio showed a slight recovery in the following year, rising to 22.73 by June 30, 2023. This uptick reflects some improvement in working capital efficiency, although it did not return to the levels observed in 2021.
- The upward trend continued into 2024, with the ratio reaching 24.33, suggesting a further enhancement in working capital management or operational efficiency.
- However, in the subsequent year, 2025, the ratio slightly declined to 24.18. Despite this minor decrease, the ratio remains relatively stable and higher than the levels recorded before 2024.
Overall, the working capital turnover at Performance Food Group Co experienced a prominent decline from 2021 to 2022, followed by a gradual recovery through 2024 and stabilizing in 2025. This pattern indicates periods of changing operational efficiency, which could be attributed to strategic, industry-specific, or macroeconomic factors impacting the company's working capital management over these years.
Peer comparison
Jun 30, 2025