Papa John's International Inc (PZZA)

Working capital turnover

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Revenue US$ in thousands 2,145,070 2,088,400 2,068,420 1,813,230 1,619,250
Total current assets US$ in thousands 231,018 251,039 255,009 306,407 181,546
Total current liabilities US$ in thousands 304,596 265,157 287,424 288,869 207,945
Working capital turnover 103.39

December 31, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,145,070K ÷ ($231,018K – $304,596K)
= —

The working capital turnover ratio for Papa John`s International, Inc. is not available for the years 2021 and 2022. However, for the year ended December 27, 2020, the working capital turnover was 103.39 times. This indicates that the company generated $103.39 in revenue for every dollar of working capital invested during that period. The lack of data for other years makes it challenging to assess the trend in working capital efficiency over the years. It is essential for the company to maintain a healthy working capital turnover ratio to ensure efficient utilization of its working capital to generate sales.


Peer comparison

Dec 31, 2023