Post Holdings Inc (POST)
Working capital turnover
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 5,681,100 | 5,868,200 | 6,037,100 |
| Total current assets | US$ in thousands | 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 | 2,126,300 | 1,443,000 | 1,253,800 |
| Total current liabilities | US$ in thousands | 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 | 802,900 | 715,700 | 649,400 |
| Working capital turnover | 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 | 4.29 | 8.07 | 9.99 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $7,390,600K ÷ ($1,660,700K – $835,300K)
= 8.95
The working capital turnover for Post Holdings Inc has shown fluctuations over the past eight quarters. The metric ranged from a low of 4.10 in Q1 2023 to a high of 10.38 in Q4 2023.
A working capital turnover of 8.95 in Q1 2024 indicates that Post Holdings Inc generated $8.95 in revenue for every dollar of working capital invested in the business during that quarter. This suggests efficient utilization of working capital to drive sales.
The trend indicates an improvement in working capital turnover from Q1 2023 to Q4 2023, showcasing better management of working capital during that period. However, the variability in the ratio over the quarters may suggest fluctuations in the company's operational efficiency in managing its working capital.
Overall, a higher working capital turnover ratio is generally preferred as it indicates that the company is efficiently utilizing its working capital to generate sales. Post Holdings Inc may benefit from maintaining or improving this ratio to ensure optimal utilization of its working capital and enhance its operational efficiency.
Peer comparison
Dec 31, 2023