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.