Performance Food Group Co (PFGC)
Working capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 21,379,700 | 19,678,100 |
| Total current assets | US$ in thousands | 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 | 3,769,700 | 2,670,600 |
| Total current liabilities | US$ in thousands | 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 | 1,823,000 | 1,699,300 |
| Working capital turnover | 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 | 10.98 | 20.26 |
March 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $57,726,600K ÷ ($5,822,800K – $3,540,500K)
= 25.29
Performance Food Group Co's working capital turnover has exhibited fluctuations over the past few quarters. The ratio has ranged from a low of 10.98 in June 2019 to a high of 30.81 in March 2021. In the most recent quarter, the working capital turnover stood at 23.35, indicating that the company generated $23.35 in net sales for every dollar invested in working capital.
Overall, the trend suggests that Performance Food Group Co has efficiently managed its working capital to support its day-to-day operations and sales growth. A higher working capital turnover ratio generally indicates that the company is able to quickly convert its current assets into sales revenue, reflecting efficient management of its working capital.
However, it is important to note that the ideal value for the working capital turnover ratio can vary by industry and company size. As such, further benchmarking and comparison with industry peers may provide additional context for evaluating Performance Food Group Co's efficiency in utilizing its working capital.
Peer comparison
Mar 31, 2024