Tyson Foods Inc (TSN)
Working capital turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 53,309,000 | 53,092,000 | 52,879,000 | 52,940,000 | 52,881,000 | 53,270,000 | 53,625,000 | 53,609,000 | 53,282,000 | 52,356,000 | 51,339,000 | 49,522,000 | 47,049,000 | 45,698,000 | 43,242,000 | 42,830,000 | 43,185,000 | 42,609,000 | 43,472,000 | 43,027,000 |
| Total current assets | US$ in thousands | 9,751,000 | 10,572,000 | 9,966,000 | 9,216,000 | 8,722,000 | 8,883,000 | 8,892,000 | 8,953,000 | 9,630,000 | 9,303,000 | 8,997,000 | 10,136,000 | 9,822,000 | 9,208,000 | 8,014,000 | 8,544,000 | 7,598,000 | 7,464,000 | 6,866,000 | 6,946,000 |
| Total current liabilities | US$ in thousands | 4,787,000 | 5,810,000 | 5,633,000 | 6,172,000 | 6,499,000 | 4,948,000 | 5,346,000 | 5,114,000 | 5,313,000 | 4,682,000 | 4,657,000 | 6,034,000 | 6,325,000 | 6,184,000 | 4,612,000 | 4,849,000 | 4,234,000 | 4,273,000 | 4,406,000 | 5,536,000 |
| Working capital turnover | 10.74 | 11.15 | 12.20 | 17.39 | 23.79 | 13.54 | 15.12 | 13.96 | 12.34 | 11.33 | 11.83 | 12.07 | 13.45 | 15.11 | 12.71 | 11.59 | 12.84 | 13.35 | 17.67 | 30.52 |
September 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $53,309,000K ÷ ($9,751,000K – $4,787,000K)
= 10.74
The working capital turnover ratio for Tyson Foods Inc has shown some fluctuations over the past few quarters. The ratio indicates the company's ability to efficiently utilize its working capital to generate sales revenue.
The trend analysis reveals that the working capital turnover ratio has generally been on an upward trajectory. This implies that Tyson Foods has been more effective in managing its working capital to support its operating activities and generate sales.
The highest working capital turnover ratio was recorded in the most recent quarter, indicating that Tyson Foods has significantly improved its working capital management efficiency compared to previous quarters. A higher turnover ratio suggests that the company is able to generate more sales revenue using its current working capital levels.
Overall, the increasing trend in the working capital turnover ratio for Tyson Foods Inc signifies an improvement in the company's liquidity management and operational efficiency. Investors and stakeholders may view this positively as it indicates the company's ability to generate sales efficiently with its available working capital resources.
Peer comparison
Sep 30, 2024