Academy Sports Outdoors Inc (ASO)
Activity ratios
Short-term
Turnover ratios
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.60 | 3.64 | 4.19 | 4.00 | 4.33 | 3.76 | 4.35 | 4.37 | 5.01 | 4.31 | 5.02 |
| Receivables turnover | 316.24 | 343.24 | 422.04 | 602.80 | 385.43 | 401.48 | 449.17 | 522.96 | 342.19 | 528.14 | 581.73 |
| Payables turnover | 10.15 | 6.63 | 8.20 | 7.79 | 8.09 | 6.68 | 7.30 | 7.01 | 7.95 | 6.21 | 6.86 |
| Working capital turnover | 8.01 | 8.41 | 8.87 | 9.24 | 9.82 | 9.38 | 10.07 | 10.01 | 11.46 | 13.82 | 11.65 |
Academy Sports Outdoors Inc's activity ratios provide insights into the efficiency of its operations.
1. Inventory turnover: The company's inventory turnover has been relatively consistent, ranging from 3.64 to 5.02 over the past year. A higher inventory turnover ratio indicates that the company is selling its inventory quickly, which can lead to lower holding costs and better liquidity.
2. Receivables turnover: The receivables turnover has shown significant fluctuations, ranging from 316.24 to 602.80 over the past year. A higher receivables turnover ratio suggests that the company is efficient in collecting payments from customers. However, the fluctuation in this ratio may indicate changes in the company's credit policies or customer payment behavior.
3. Payables turnover: The payables turnover has also varied, ranging from 6.21 to 10.15 over the past year. A higher payables turnover ratio suggests that the company is paying its suppliers more frequently, which could indicate strong supplier relationships or efficient cash management.
4. Working capital turnover: The working capital turnover has been relatively stable, ranging from 8.01 to 13.82 over the past year. A higher working capital turnover ratio indicates that the company is effectively utilizing its working capital to generate sales. A consistent or increasing trend in this ratio could signify operational efficiency and effective management of working capital.
Overall, Academy Sports Outdoors Inc's activity ratios reflect varying levels of efficiency in managing its inventory, receivables, payables, and working capital. Continued monitoring of these ratios can help assess the company's operational performance and identify areas for improvement.
Average number of days
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 79.40 | 100.16 | 87.01 | 91.19 | 84.35 | 97.17 | 83.84 | 83.51 | 72.92 | 84.74 | 72.65 |
| Days of sales outstanding (DSO) | days | 1.15 | 1.06 | 0.86 | 0.61 | 0.95 | 0.91 | 0.81 | 0.70 | 1.07 | 0.69 | 0.63 |
| Number of days of payables | days | 35.98 | 55.07 | 44.52 | 46.87 | 45.11 | 54.62 | 50.00 | 52.07 | 45.91 | 58.74 | 53.19 |
Academy Sports Outdoors Inc's activity ratios provide insights into the efficiency of the company's operations.
Days of inventory on hand (DOH) measures how long it takes the company to sell its inventory. The trend shows fluctuations, with the most recent figure at 79.40 days indicating a decrease in the number of days taken to sell inventory compared to the previous period, which could suggest better inventory management.
Days of sales outstanding (DSO) reflects the average number of days it takes the company to collect revenue after a sale is made. The trend shows variations, with the most recent figure at 1.15 days, which is slightly higher than the earlier periods. This could indicate slower collection of receivables.
Number of days of payables indicates how long it takes the company to pay its suppliers. The trend shows fluctuations, with the most recent figure at 35.98 days showing a decrease in the number of days taken to pay suppliers compared to the previous period, suggesting better management of payables.
Overall, Academy Sports Outdoors Inc should continue to monitor these activity ratios to ensure efficient management of inventory, receivables, and payables, which can ultimately impact the company's overall financial performance.
Long-term
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 13.76 | 14.15 | 15.24 | 17.19 | 18.10 | 18.14 | 18.60 | 19.51 | 19.51 | 18.24 | 17.30 |
| Total asset turnover | 1.31 | 1.23 | 1.32 | 1.35 | 1.38 | 1.34 | 1.40 | 1.40 | 1.47 | 1.40 | 1.35 |
Academy Sports Outdoors Inc's fixed asset turnover ratio has exhibited a generally increasing trend over the past few quarters, starting at 13.76 in February 2024 and reaching 17.30 in October 2021, with some fluctuations in between. This indicates that the company generated $17.30 in sales for every dollar invested in fixed assets in October 2021.
On the other hand, the total asset turnover ratio has been relatively stable around the range of 1.23 to 1.47 over the same period, with a slight increase observed in the latest quarter. This ratio demonstrates that Academy Sports Outdoors Inc generated revenue equal to 1.31 to 1.47 times its total assets in the past year.
The fixed asset turnover ratio reflects the company's efficiency in utilizing its fixed assets to generate revenue, while the total asset turnover ratio indicates how well the company is using all its assets to generate sales. Overall, the increasing fixed asset turnover and stable total asset turnover suggest that Academy Sports Outdoors Inc has been efficiently managing its assets to drive sales productivity, which is a positive sign for investors and stakeholders.