Academy Sports Outdoors Inc (ASO)
Working capital turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,112,570 | 6,347,110 | 6,722,420 | 5,607,060 |
| Total current assets | US$ in thousands | 1,644,900 | 1,686,680 | 1,715,750 | 1,415,020 |
| Total current liabilities | US$ in thousands | 879,858 | 1,038,720 | 1,127,110 | 1,167,090 |
| Working capital turnover | 7.99 | 9.80 | 11.42 | 22.62 |
February 3, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $6,112,570K ÷ ($1,644,900K – $879,858K)
= 7.99
The working capital turnover for Academy Sports Outdoors Inc has shown a decreasing trend over the past four years. In February 2024, the working capital turnover stood at 7.99, declining from 9.80 in January 2023, 11.42 in January 2022, and 22.62 in January 2021. This downward trend indicates that the company may be taking longer to convert its working capital into revenue or that its operating efficiency has decreased over the years. It is important for the company to analyze the factors contributing to this trend and take necessary measures to improve its working capital management efficiency.
Peer comparison
Feb 3, 2024