Boston Beer Company Inc (SAM)
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 | 2,012,926 | 2,004,349 | 2,000,471 | 2,024,677 | 2,008,625 | 2,062,428 | 2,057,282 | 2,070,221 | 2,090,334 | 1,990,903 | 1,956,093 | 1,942,655 | 2,057,622 | 2,170,465 | 2,101,614 | 1,950,947 | 1,736,432 | 1,576,795 | 1,462,469 | 1,328,738 |
| Total current assets | US$ in thousands | 417,291 | 535,683 | 526,249 | 452,922 | 503,510 | 579,399 | 517,070 | 403,822 | 423,269 | 528,771 | 449,584 | 356,533 | 345,341 | 431,126 | 515,097 | 450,547 | 413,173 | 400,025 | 320,687 | 336,003 |
| Total current liabilities | US$ in thousands | 231,629 | 263,647 | 269,947 | 211,418 | 223,288 | 264,754 | 262,807 | 207,639 | 204,267 | 313,597 | 290,929 | 245,534 | 255,106 | 285,487 | 317,351 | 271,629 | 259,423 | 231,939 | 219,808 | 186,784 |
| Working capital turnover | 10.84 | 7.37 | 7.81 | 8.38 | 7.17 | 6.55 | 8.09 | 10.55 | 9.54 | 9.25 | 12.33 | 17.50 | 22.80 | 14.90 | 10.63 | 10.90 | 11.29 | 9.38 | 14.50 | 8.90 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,012,926K ÷ ($417,291K – $231,629K)
= 10.84
The working capital turnover of Boston Beer Company Inc has varied over the years based on the provided data.
From March 31, 2020, to June 30, 2020, there was a significant increase in the working capital turnover from 8.90 to 14.50, indicating improved efficiency in managing working capital during that period.
Subsequently, the turnover fluctuated in the following quarters but generally remained above 9.00, suggesting the company was able to generate sales revenue efficiently relative to its working capital.
The highest working capital turnover was observed on December 31, 2021, with a value of 22.80, indicating strong sales relative to the working capital invested.
However, from June 30, 2022, to September 30, 2024, the turnover gradually decreased from 12.33 to 7.37, indicating a decline in efficiency in generating sales from working capital during those periods.
Overall, fluctuations in working capital turnover may reflect changes in the company's operating efficiency, sales strategies, or working capital management practices. Further analysis would be required to understand the underlying reasons for these variations and their impact on the company's financial performance.
Peer comparison
Dec 31, 2024