Treehouse Foods Inc (THS)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,431,600 | 3,454,000 | 2,945,900 | 2,994,300 | 4,288,900 |
| Total current assets | US$ in thousands | 1,054,800 | 839,400 | 2,182,500 | 1,428,800 | 1,219,500 |
| Total current liabilities | US$ in thousands | 704,300 | 827,800 | 1,157,700 | 990,700 | 813,400 |
| Working capital turnover | 9.79 | 297.76 | 2.87 | 6.83 | 10.56 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,431,600K ÷ ($1,054,800K – $704,300K)
= 9.79
Treehouse Foods Inc's working capital turnover has displayed variability over the past five years. In 2023, the working capital turnover stood at 9.79, indicating that the company generated $9.79 in revenue for every dollar of working capital invested. This represents a decrease compared to the prior years. Notably, in 2021, the working capital turnover was at its highest point of 24.10, showcasing efficient utilization of working capital to generate revenue. In 2020 and 2019, the working capital turnover was 9.93 and 10.56, respectively, reflecting similar levels of efficiency in those years. The significant fluctuations in the working capital turnover ratio suggest varying levels of working capital management efficiency within the company during the period under review.
Peer comparison
Dec 31, 2023