Papa John's International Inc (PZZA)

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 2,144,971 2,075,826 2,064,226 2,072,661 2,085,404 2,110,754 2,110,024 2,099,367 2,068,421 2,009,347 1,969,506 1,915,121 1,813,234 1,760,937 1,691,702 1,630,702 1,619,248 1,599,300 1,580,825 1,611,154
Total current assets US$ in thousands 231,018 246,556 242,002 246,898 251,039 239,524 239,788 286,269 255,009 271,760 262,343 331,581 306,407 279,938 225,473 185,193 181,546 194,384 193,885 199,414
Total current liabilities US$ in thousands 304,596 301,339 296,793 272,930 265,157 263,727 250,477 278,634 287,424 318,119 316,504 291,723 288,869 260,491 228,919 215,651 207,945 221,889 211,320 218,569
Working capital turnover — — — — — — — 274.97 — — — 48.05 103.39 90.55 — — — — — —

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,144,971K ÷ ($231,018K – $304,596K)
= —

Based on the provided data, it seems that the working capital turnover ratio for Papa John`s International, Inc. was not available for Q4 2023, Q3 2023, Q2 2023, and Q1 2023. However, in Q1 2022, the working capital turnover ratio was 274.97 times.

The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales revenue. A higher ratio indicates that the company is effectively managing its working capital to support its operations and sales activities.

Since we only have data for Q1 2022, it indicates that for that period, Papa John`s International, Inc. was able to generate sales revenue approximately 274.97 times relative to its working capital. This could suggest effective management of its current assets and liabilities to drive business operations.

However, without data for subsequent quarters, it is challenging to perform a trend analysis and draw definitive conclusions about the company's working capital turnover performance over time. Additional data points would be needed to provide a more comprehensive analysis of the company's working capital turnover.