Academy Sports Outdoors Inc (ASO)
Working capital turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,933,450 | 6,051,360 | 6,502,860 | 6,351,660 | 6,374,290 | 6,162,540 | 5,939,470 | 5,925,300 | 5,910,830 | 6,074,250 | 6,248,990 | 6,359,300 | 6,468,680 | 6,409,100 | 6,338,360 | 6,312,170 | 6,638,880 | 6,760,430 | 6,677,470 | 6,791,110 |
| Total current assets | US$ in thousands | 1,710,150 | 1,907,980 | 1,812,390 | 1,816,980 | 1,644,900 | 1,644,900 | 1,895,580 | 1,895,580 | 1,715,480 | 1,715,480 | 1,728,790 | 1,728,790 | 1,686,680 | 1,686,680 | 1,875,630 | 1,875,630 | 1,767,140 | 1,767,140 | 1,850,290 | 1,715,750 |
| Total current liabilities | US$ in thousands | 960,881 | 1,212,010 | 1,091,280 | 1,122,080 | 879,858 | 879,858 | 1,172,620 | 1,172,620 | 1,019,780 | 1,019,780 | 1,049,360 | 1,049,360 | 1,038,720 | 1,038,720 | 1,191,210 | 1,191,210 | 1,119,630 | 1,119,630 | 1,188,570 | 1,127,110 |
| Working capital turnover | 7.92 | 8.69 | 9.02 | 9.14 | 8.33 | 8.06 | 8.22 | 8.20 | 8.50 | 8.73 | 9.20 | 9.36 | 9.98 | 9.89 | 9.26 | 9.22 | 10.25 | 10.44 | 10.09 | 11.54 |
January 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $5,933,450K ÷ ($1,710,150K – $960,881K)
= 7.92
The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales. A higher ratio indicates better management of working capital.
Analysis of Academy Sports Outdoors Inc's working capital turnover shows a fluctuating trend over the reported periods. Starting from 11.54 in January 2022, the ratio gradually decreased to 7.92 in January 2025. This downward trend suggests a decreasing efficiency in utilizing working capital to generate sales over time.
There were some fluctuations in the ratio but overall, the downward trajectory indicates that Academy Sports Outdoors Inc may be facing challenges in managing its working capital efficiently relative to its sales volume. This could potentially indicate issues with inventory management, receivables collection, or overall operational efficiency.
Further investigation into the specific components of working capital such as accounts receivable, inventory, and accounts payable may provide more insights into the root causes of this declining trend in working capital turnover. Addressing these issues could help improve the company's financial performance and operational efficiency in the future.
Peer comparison
Jan 31, 2025