Academy Sports Outdoors Inc (ASO)

Short-term

Turnover ratios

Academy Sports Outdoors Inc's inventory turnover ratio fluctuated over the past five years, ranging from 3.00 to 4.60. This indicates the number of times the company's inventory was sold and replaced during the period. A higher inventory turnover generally indicates efficient inventory management.

The receivables turnover ratio was provided for only two years, with a significant value of 384.60 and 315.55. This ratio reflects how efficiently the company is collecting payments from customers. A high receivables turnover ratio suggests effective credit control and timely collection of receivables.

The payables turnover ratio was disclosed for only one year, with a value of 10.15. This ratio measures how quickly the company is paying its suppliers. A higher payables turnover ratio indicates a shorter time taken by the company to settle its payables, which could imply strong supplier relationships or efficient cash management.

The working capital turnover ratio decreased from 9.80 in 2023 to 7.92 in 2025. This ratio reveals how effectively the company utilizes its working capital to generate sales. A declining trend in this ratio may indicate reduced efficiency in utilizing working capital to drive revenue growth.

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Average number of days

Academy Sports Outdoors Inc exhibits variations in its activity ratios over the years.

1. Days of Inventory on Hand (DOH):
- The DOH ratio measures the number of days a company holds inventory before selling it.
- In January 2023, the company held inventory for 84.35 days, which increased to 112.01 days by January 2023, indicating slower inventory turnover.
- By January 2024, the DOH decreased to 107.65 days, showing some improvement in inventory management. However, in February 2024, the DOH decreased significantly to 79.40 days, suggesting more efficient inventory turnover.
- In January 2025, the DOH increased to 121.81 days, highlighting a potential delay in inventory turnover compared to the previous period.

2. Days of Sales Outstanding (DSO):
- The DSO ratio measures the average number of days that receivables are outstanding, indicating how quickly a company collects its sales revenue.
- In January 2023 and beyond, DSO data is not available, making it hard to assess the company's efficiency in collecting receivables.

3. Number of Days of Payables:
- This ratio indicates the average number of days it takes a company to pay its suppliers.
- In January 2023, the company took 45.11 days to pay its suppliers.
- The data for subsequent years is not provided, making it challenging to track the trend in payment to suppliers over time.

In conclusion, while the inventory turnover has shown some fluctuations, the data on receivables and payables is limited, making it challenging to draw a comprehensive analysis of Academy Sports Outdoors Inc's overall efficiency in managing its operating cycle.

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Long-term

The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate sales. In the case of Academy Sports Outdoors Inc, the fixed asset turnover has shown a stable trend over the years, with values ranging from 13.73 to 18.20. This indicates that the company is effectively generating sales relative to its investment in fixed assets, with higher values suggesting better efficiency.

Total asset turnover ratio, on the other hand, reflects how well a company is using its total assets to generate revenue. The data for Academy Sports Outdoors Inc shows a gradual decline in this ratio from 1.39 to 1.21, implying that the company's ability to generate sales using its total assets has decreased slightly over the years.

Overall, while the fixed asset turnover indicates efficient utilization of fixed assets in generating sales, the declining trend in total asset turnover suggests a decreasing effectiveness in utilizing all assets to generate revenue over the years. This analysis can provide insights for stakeholders regarding the company's asset management efficiency and revenue generation capabilities.