Apogee Enterprises Inc (APOG)
Working capital turnover
| Feb 28, 2025 | Mar 2, 2024 | Feb 29, 2024 | Feb 28, 2023 | Feb 25, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,360,990 | 1,416,940 | 1,416,940 | 1,440,700 | 1,440,700 |
| Total current assets | US$ in thousands | 442,104 | 358,639 | 358,639 | 361,628 | 383,101 |
| Total current liabilities | US$ in thousands | 285,456 | 244,705 | 244,705 | 242,549 | 242,549 |
| Working capital turnover | 8.69 | 12.44 | 12.44 | 12.10 | 10.25 |
February 28, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,360,990K ÷ ($442,104K – $285,456K)
= 8.69
The working capital turnover for Apogee Enterprises Inc has shown varying trends over the years, ranging from a low of 8.69 on February 28, 2025, to a high of 12.44 on both February 29, 2024, and March 2, 2024. This ratio indicates how efficiently the company is utilizing its working capital to generate sales.
The increasing trend from 2023 to 2024 suggests that the company improved its efficiency in utilizing working capital to generate revenue during that period. However, the slight decline in 2025 may indicate a potential decrease in the efficiency of working capital utilization.
Overall, it is important for Apogee Enterprises Inc to closely monitor its working capital turnover ratio to ensure optimal utilization of its resources and continued revenue generation.