Performance Food Group Co (PFGC)

Working capital turnover

Dec 31, 2024 Sep 30, 2024 Jun 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
Revenue (ttm) US$ in thousands 60,100,600 58,758,100 58,281,200 57,957,200 57,870,800 57,474,000 57,254,700 56,979,500 56,287,200 55,227,100 50,894,100 45,608,500 39,732,000 33,738,400 30,398,900 26,868,500 26,666,700 25,890,100 25,086,300 25,211,400
Total current assets US$ in thousands 6,885,700 6,469,700 6,153,300 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
Total current liabilities US$ in thousands 4,127,400 3,813,700 3,758,100 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
Working capital turnover 21.79 22.12 24.33 25.39 23.44 21.34 22.73 23.98 23.34 24.07 21.30 22.09 18.76 16.16 28.86 30.99 22.57 21.92 30.04 16.36

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $60,100,600K ÷ ($6,885,700K – $4,127,400K)
= 21.79

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

Company name
Symbol
Working capital turnover
Performance Food Group Co
PFGC
21.79
SpartanNash Co
SPTN
24.08
The Chefs Warehouse Inc
CHEF
8.54
United Natural Foods Inc
UNFI
29.88