Sprouts Farmers Market LLC (SFM)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,719,290 | 6,837,380 | 6,404,220 | 6,099,870 | 6,468,760 |
| Total current assets | US$ in thousands | 675,520 | 603,772 | 673,804 | 567,716 | 465,960 |
| Total current liabilities | US$ in thousands | 679,968 | 546,869 | 522,380 | 513,473 | 496,132 |
| Working capital turnover | — | 120.16 | 42.29 | 112.45 | — |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $7,719,290K ÷ ($675,520K – $679,968K)
= —
The working capital turnover ratio for Sprouts Farmers Market LLC has shown fluctuating trends over the past few years. In 2021, the ratio was notably high at 112.45, indicating that the company efficiently managed its working capital to generate sales during that period. However, in 2022, the ratio decreased to 42.29, suggesting a potential slowdown in the utilization of working capital to drive revenues.
The following year, in 2023, there was a significant improvement as the working capital turnover ratio surged to 120.16, implying a robust efficiency in converting working capital into sales. Despite the lack of data for the years 2020 and 2024, it is apparent that Sprouts Farmers Market LLC experienced varying levels of operational efficiency in utilizing its working capital during the analyzed period.
Overall, the company's ability to effectively utilize its working capital to support business operations and generate sales has been demonstrated through fluctuations in the working capital turnover ratio in the given years.
Peer comparison
Dec 31, 2024