Performance Food Group Co (PFGC)
Working capital turnover
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 21,379,700 |
| Total current assets | US$ in thousands | 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 | 3,769,700 |
| Total current liabilities | US$ in thousands | 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 | 1,823,000 |
| Working capital turnover | 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 | 10.98 |
September 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $58,332,900K ÷ ($6,469,700K – $3,813,700K)
= 21.96
Performance Food Group Co's working capital turnover has fluctuated over the past few years. The working capital turnover ratio measures how efficiently the company is using its working capital to generate sales. A higher ratio indicates that the company is effectively utilizing its working capital to generate revenue.
Looking at the trend over the past several quarters, we can observe some variability in the working capital turnover ratio. The ratio ranged from a low of 10.98 in December 2019 to a high of 30.81 in March 2021. The ratio generally increased from early 2020 to mid-2021, indicating improving efficiency in working capital management. However, there was a noticeable drop in the ratio in late 2021 and early 2022, followed by a rebound in mid-2022. The most recent ratio of 21.96 in September 2024 shows a slight decline from the previous quarter.
Overall, while the working capital turnover ratio for Performance Food Group Co has shown some fluctuations, it generally indicates the company's ability to efficiently leverage its working capital to support sales growth. However, management may want to closely monitor future trends to ensure ongoing efficiency in working capital management.
Peer comparison
Sep 30, 2024