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