US Foods Holding Corp (USFD)
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 | 37,788,000 | 37,164,000 | 36,440,000 | 35,662,000 | 35,254,000 | 34,840,000 | 34,688,000 | 34,524,000 | 33,806,000 | 32,948,000 | 31,936,000 | 30,778,000 | 29,252,000 | 27,747,000 | 25,692,000 | 22,580,000 | 22,648,000 | 23,445,000 | 24,148,000 | 26,052,000 |
| Total current assets | US$ in thousands | 3,974,000 | 4,116,000 | 4,334,000 | 4,234,000 | 4,031,000 | 4,209,000 | 4,082,000 | 4,094,000 | 3,820,000 | 4,298,000 | 4,121,000 | 4,050,000 | 3,594,000 | 4,235,000 | 4,166,000 | 4,084,000 | 3,465,000 | 3,805,000 | 4,422,000 | 3,923,000 |
| Total current liabilities | US$ in thousands | 3,296,000 | 3,469,000 | 3,366,000 | 3,238,000 | 3,112,000 | 3,252,000 | 3,048,000 | 3,052,000 | 2,796,000 | 3,170,000 | 3,016,000 | 3,029,000 | 2,550,000 | 2,852,000 | 2,768,000 | 2,571,000 | 1,982,000 | 2,372,000 | 2,725,000 | 2,027,000 |
| Working capital turnover | 55.73 | 57.44 | 37.64 | 35.81 | 38.36 | 36.41 | 33.55 | 33.13 | 33.01 | 29.21 | 28.90 | 30.14 | 28.02 | 20.06 | 18.38 | 14.92 | 15.27 | 16.36 | 14.23 | 13.74 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $37,788,000K ÷ ($3,974,000K – $3,296,000K)
= 55.73
US Foods Holding Corp's working capital turnover has demonstrated a consistent upward trend over the reported periods, indicating efficient management of its working capital to generate sales. The ratio increased from 13.74 on March 31, 2020, to 55.73 on December 31, 2024, reaching the highest level during that time frame. This suggests the company's ability to efficiently utilize its working capital to support sales growth and operational activities. Furthermore, the significant increase in the ratio over the years reflects an improvement in the company's working capital management efficiency. Specifically, the ratio saw a sharp increase from September 30, 2024, to December 31, 2024, indicating a notable enhancement in the company's working capital turnover efficiency at the end of 2024. Overall, the steady growth in the working capital turnover ratio signifies US Foods Holding Corp's effective utilization of its working capital resources to drive revenue generation.
Peer comparison
Dec 31, 2024