Performance Food Group Co (PFGC)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 59,088,600 | 58,332,900 | 57,726,600 | 57,641,400 | 57,250,300 | 57,036,700 | 56,769,700 | 56,087,400 | 55,037,800 | 50,708,000 | 45,431,800 | 39,564,100 | 33,577,600 | 30,246,500 | 26,716,500 | 26,516,600 | 25,751,700 | 24,969,400 | 25,115,200 | 22,822,200 |
| Total current assets | US$ in thousands | 6,885,700 | 6,469,700 | 5,822,800 | 5,956,300 | 6,172,100 | 6,071,500 | 5,833,000 | 5,807,800 | 5,867,700 | 6,022,000 | 5,568,400 | 5,511,000 | 5,348,800 | 3,580,400 | 3,179,100 | 3,221,200 | 3,468,900 | 3,453,900 | 3,585,900 | 3,732,600 |
| Total current liabilities | US$ in thousands | 4,127,400 | 3,813,700 | 3,540,500 | 3,487,700 | 3,479,400 | 3,553,100 | 3,456,900 | 3,396,000 | 3,573,400 | 3,633,000 | 3,503,900 | 3,393,500 | 3,261,300 | 2,527,200 | 2,312,000 | 2,039,500 | 2,287,900 | 2,618,700 | 2,045,300 | 1,823,100 |
| Working capital turnover | 21.42 | 21.96 | 25.29 | 23.35 | 21.26 | 22.65 | 23.89 | 23.26 | 23.99 | 21.23 | 22.01 | 18.68 | 16.09 | 28.72 | 30.81 | 22.44 | 21.80 | 29.90 | 16.30 | 11.95 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $59,088,600K ÷ ($6,885,700K – $4,127,400K)
= 21.42
Performance Food Group Co's working capital turnover has been fluctuating over the periods provided. The working capital turnover measures how efficiently the company is utilizing its working capital to generate sales revenue.
From December 31, 2019, to June 30, 2020, there was a significant increase in the working capital turnover, indicating the company was able to generate more sales revenue for each unit of working capital employed. This continued to rise until March 31, 2021, reaching a peak of 30.81, showing strong efficiency in managing working capital.
However, from September 30, 2021, to December 31, 2024, the working capital turnover fluctuated within a range of about 16 to 26. This variability suggests some fluctuations in the company's working capital management efficiency during these periods.
Overall, it is important for Performance Food Group Co to closely monitor and effectively manage its working capital turnover to ensure optimal utilization of resources and maintain sustainable operational efficiency.
Peer comparison
Dec 31, 2024