Post Holdings Inc (POST)
Working capital turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,991,000 | 5,851,200 | 4,980,700 | 4,711,000 | 5,681,100 |
| Total current assets | US$ in thousands | 1,478,500 | 2,223,400 | 2,086,100 | 2,287,800 | 2,126,300 |
| Total current liabilities | US$ in thousands | 805,300 | 823,800 | 1,049,200 | 974,400 | 802,900 |
| Working capital turnover | 10.38 | 4.18 | 4.80 | 3.59 | 4.29 |
September 30, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $6,991,000K ÷ ($1,478,500K – $805,300K)
= 10.38
The working capital turnover of Post Holdings Inc has shown significant variability over the past five years. In September 2023, the working capital turnover reached 10.38, indicating that the company generated $10.38 in revenue for every $1 of working capital. This suggests an efficient utilization of working capital to generate sales.
In comparison, the working capital turnover was 4.18 in September 2022, reflecting a lower efficiency in utilizing working capital to generate revenue. However, the ratio improved in September 2023, demonstrating an increase in operational efficiency.
Looking back further, the working capital turnover was 6.01 in September 2021, 4.34 in September 2020, and 4.29 in September 2019. The fluctuations in the ratio over the years suggest varying levels of operational efficiency and management of working capital.
Overall, the significant increase in the working capital turnover in September 2023 compared to the previous years indicates improved efficiency in utilizing working capital to generate revenue, which could be a positive indicator for the company's financial performance.
Peer comparison
Sep 30, 2023