Post Holdings Inc (POST)
Working capital turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,922,700 | 7,858,000 | 7,769,700 | 7,390,600 | 6,991,000 | 6,624,700 | 6,290,200 | 6,080,000 | 5,851,200 | 5,628,000 | 5,350,600 | 5,142,400 | 5,262,900 | 5,318,300 | 5,407,200 | 5,699,900 | 5,698,700 | 5,730,200 | 5,833,000 | 5,726,600 |
| Total current assets | US$ in thousands | 2,231,600 | 1,756,200 | 1,810,900 | 1,660,700 | 1,478,500 | 1,640,300 | 2,131,100 | 2,197,400 | 2,223,400 | 2,291,000 | 2,063,500 | 2,435,000 | 2,086,100 | 2,099,200 | 2,065,500 | 2,256,500 | 2,287,800 | 2,132,300 | 2,383,700 | 1,921,200 |
| Total current liabilities | US$ in thousands | 944,900 | 857,200 | 839,500 | 835,300 | 805,300 | 795,300 | 779,500 | 788,200 | 823,800 | 757,700 | 794,000 | 941,400 | 1,049,200 | 930,900 | 890,100 | 890,100 | 974,400 | 748,000 | 736,900 | 883,100 |
| Working capital turnover | 6.16 | 8.74 | 8.00 | 8.95 | 10.38 | 7.84 | 4.65 | 4.31 | 4.18 | 3.67 | 4.21 | 3.44 | 5.08 | 4.55 | 4.60 | 4.17 | 4.34 | 4.14 | 3.54 | 5.52 |
September 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $7,922,700K ÷ ($2,231,600K – $944,900K)
= 6.16
The working capital turnover ratio for Post Holdings Inc has varied over the past few quarters, indicating fluctuations in how efficiently the company is utilizing its working capital to generate sales.
The ratios have ranged from a low of 3.44 in March 2022 to a high of 10.38 in September 2023. A higher ratio typically indicates that the company is generating more sales relative to the amount of working capital invested, reflecting efficient management of working capital.
The trend shows an overall improvement in working capital turnover from 2019 to 2023, with a peak in efficiency in September 2023. However, there was a slight decrease in the ratio in the most recent quarter, indicating a potential reduction in efficiency in utilizing working capital to generate sales.
Further analysis would be required to understand the reasons behind this fluctuation and whether it is a temporary deviation or a trend that needs to be addressed by the company to sustain or improve its working capital efficiency.
Peer comparison
Sep 30, 2024