Papa John's International Inc (PZZA)

Working capital turnover

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Revenue (ttm) US$ in thousands 2,059,387 2,099,939 2,115,944 2,122,580 2,135,713 2,090,625 2,078,325 2,086,460 2,102,103 2,104,754 2,107,024 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
Total current assets US$ in thousands 230,605 215,857 225,740 225,927 231,018 246,556 242,002 246,898 251,039 239,524 239,788 286,269 255,009 271,760 262,343 331,581 306,407 279,938 225,473 185,193
Total current liabilities US$ in thousands 277,963 270,525 275,219 282,634 304,596 301,339 296,793 272,930 265,157 263,727 250,477 278,634 287,424 318,119 316,504 291,723 288,869 260,491 228,919 215,651
Working capital turnover — — — — — — — — — — — 274.97 — — — 48.05 103.39 90.55 — —

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,059,387K ÷ ($230,605K – $277,963K)
= —

Working capital turnover is a financial ratio that measures how efficiently a company is utilizing its working capital to generate sales revenue. It is calculated by dividing net sales by average working capital.

In the case of Papa John's International Inc, the working capital turnover has shown fluctuation over the years. In September 2020, the ratio was 90.55, indicating that the company was able to generate sales 90.55 times the amount of its working capital. This increased to 103.39 by December 2020, suggesting a further improvement in the efficiency of working capital utilization.

However, the ratio dropped significantly to 48.05 in March 2021, reflecting a decrease in sales generated relative to working capital. The data for subsequent periods show no values provided until a sharp increase to 274.97 in March 2022, indicating a significant improvement in working capital efficiency, possibly due to increased sales generation.

The absence of data for the remaining periods makes it challenging to provide a comprehensive analysis of the working capital turnover trend for Papa John's International Inc beyond March 2022. It is recommended to monitor future financial statements to assess the company's efficiency in utilizing working capital to drive sales in the upcoming periods.