Boston Beer Company Inc (SAM)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,012,930 | 2,008,620 | 2,090,330 | 2,057,620 | 1,736,430 |
| Total current assets | US$ in thousands | 417,291 | 503,510 | 423,269 | 345,341 | 413,173 |
| Total current liabilities | US$ in thousands | 231,629 | 223,288 | 204,267 | 255,106 | 259,423 |
| Working capital turnover | 10.84 | 7.17 | 9.54 | 22.80 | 11.29 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,012,930K ÷ ($417,291K – $231,629K)
= 10.84
The working capital turnover ratio for Boston Beer Company Inc has been fluctuating over the years based on the provided data. It was at 11.29 in December 31, 2020, indicating that the company generated $11.29 in revenue for every dollar of working capital invested.
The ratio significantly improved to 22.80 by December 31, 2021, showcasing a more efficient utilization of working capital to generate revenue. However, in the following years, the ratio decreased to 9.54 in 2022, 7.17 in 2023, and then rebounded to 10.84 by December 31, 2024.
This fluctuation in the working capital turnover ratio could suggest variations in the company's efficiency in managing its working capital to generate sales during these periods. It is important for the company to consistently monitor and optimize its working capital management to ensure sustainable profitability and liquidity.
Peer comparison
Dec 31, 2024