Academy Sports Outdoors Inc (ASO)
Working capital turnover
| 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 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,125,820 | 6,077,490 | 6,172,400 | 6,276,400 | 6,360,830 | 6,422,800 | 6,522,410 | 6,623,780 | 6,747,300 | 6,532,020 | 6,277,440 | |||
| Total current assets | US$ in thousands | 1,644,900 | 1,895,580 | 1,715,480 | 1,728,790 | 1,686,680 | 1,875,630 | 1,767,140 | 1,850,290 | 1,715,750 | 1,785,900 | 1,720,450 | 1,717,060 | 1,415,020 | 1,992,090 |
| Total current liabilities | US$ in thousands | 879,858 | 1,172,620 | 1,019,780 | 1,049,360 | 1,038,720 | 1,191,210 | 1,119,630 | 1,188,570 | 1,127,110 | 1,313,380 | 1,181,560 | 1,239,230 | 1,167,090 | 1,241,100 |
| 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 |
February 3, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $6,125,820K ÷ ($1,644,900K – $879,858K)
= 8.01
The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales revenue. A higher ratio indicates that the company is able to generate more sales with a lower investment in working capital.
Academy Sports Outdoors Inc's working capital turnover has been fluctuating over the periods mentioned in the table. The ratio ranged from 8.01 to 13.82, indicating variations in the company's efficiency in managing its working capital.
A decreasing trend in working capital turnover may suggest that the company is becoming less efficient in using its working capital to drive sales. On the other hand, an increasing trend in the ratio indicates improvements in working capital management efficiency.
It is important for the company to monitor and analyze the reasons behind these fluctuations to ensure optimal utilization of working capital resources. A sustained high working capital turnover ratio could signify effective working capital management, leading to improved financial performance and liquidity for Academy Sports Outdoors Inc.
Peer comparison
Feb 3, 2024