Academy Sports Outdoors Inc (ASO)
Working capital turnover
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,933,450 | 6,112,570 | 6,159,290 | 6,395,070 | 6,347,110 |
| Total current assets | US$ in thousands | 1,710,150 | 1,644,900 | 1,644,900 | 1,686,680 | 1,686,680 |
| Total current liabilities | US$ in thousands | 960,881 | 879,858 | 879,858 | 1,038,720 | 1,038,720 |
| Working capital turnover | 7.92 | 7.99 | 8.05 | 9.87 | 9.80 |
January 31, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $5,933,450K ÷ ($1,710,150K – $960,881K)
= 7.92
Academy Sports Outdoors Inc's working capital turnover ratio has been fluctuating over the past few years. In January 2023 and January 2024, the company had a relatively higher working capital turnover of 9.80 and 8.05, respectively, indicating that the company efficiently utilized its working capital to generate sales revenue. However, by February 2024 and January 2025, the working capital turnover ratio decreased to 7.99 and 7.92, respectively, suggesting a decline in the efficiency of working capital management. This downward trend may raise concerns about the company's ability to efficiently convert working capital into sales in recent periods. Further analysis of the company's operational and financial efficiency may be needed to understand the underlying reasons for this decline in the working capital turnover ratio.
Peer comparison
Jan 31, 2025