Bath & Body Works Inc. (BBWI)
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 | 7,307,000 | 7,352,000 | 8,654,000 | 8,690,000 | 8,796,000 | 7,523,000 | 6,093,000 | 5,927,000 | 5,751,000 | 7,080,000 | 8,487,000 | 8,695,000 | 8,899,000 | 7,629,000 | 6,272,000 | 6,118,000 | 7,628,000 | 9,037,000 | 9,186,000 | 9,326,000 |
| Total current assets | US$ in thousands | 1,823,000 | 1,720,000 | 1,666,000 | 1,917,000 | 2,115,000 | 2,115,000 | 1,959,000 | 1,959,000 | 1,893,000 | 1,893,000 | 2,080,000 | 2,080,000 | 2,266,000 | 2,266,000 | 1,948,000 | 1,948,000 | 1,754,000 | 1,754,000 | 1,752,000 | 3,009,000 |
| Total current liabilities | US$ in thousands | 1,231,000 | 1,575,000 | 1,497,000 | 1,221,000 | 1,289,000 | 1,289,000 | 1,409,000 | 1,409,000 | 1,213,000 | 1,213,000 | 1,277,000 | 1,277,000 | 1,379,000 | 1,379,000 | 1,452,000 | 1,452,000 | 1,258,000 | 1,258,000 | 1,240,000 | 1,290,000 |
| Working capital turnover | 12.34 | 50.70 | 51.21 | 12.49 | 10.65 | 9.11 | 11.08 | 10.78 | 8.46 | 10.41 | 10.57 | 10.83 | 10.03 | 8.60 | 12.65 | 12.33 | 15.38 | 18.22 | 17.94 | 5.43 |
January 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $7,307,000K ÷ ($1,823,000K – $1,231,000K)
= 12.34
The working capital turnover for Bath & Body Works Inc. has shown fluctuations over the period provided. The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales. A higher turnover ratio indicates better efficiency in managing working capital.
From January 31, 2022, to July 30, 2022, the working capital turnover improved significantly from 5.43 to 18.22, indicating a more efficient utilization of working capital during this period. However, the ratio decreased slightly by the end of October 2022 to 12.65.
The ratio continued to fluctuate in the following periods, with a notable decrease to 8.46 on July 31, 2023. Subsequent quarters saw some improvement, reaching 12.49 by April 30, 2024. The ratio spiked significantly to 51.21 on July 31, 2024, before decreasing slightly to 12.34 on January 31, 2025.
Overall, Bath & Body Works Inc. experienced varying levels of working capital turnover efficiency during the period, with some quarters showing significant improvements or downturns. Further analysis would be needed to understand the specific drivers behind these fluctuations and their impact on the company's financial performance.
Peer comparison
Jan 31, 2025