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.