Best Buy Co. Inc (BBY)
Working capital turnover
| Feb 1, 2025 | Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 41,528,000 | 43,452,000 | 46,298,000 | 51,761,000 | 47,262,000 |
| Total current assets | US$ in thousands | 8,224,000 | 7,897,000 | 8,802,000 | 10,539,000 | 12,540,000 |
| Total current liabilities | US$ in thousands | 8,016,000 | 7,909,000 | 8,979,000 | 10,674,000 | 10,521,000 |
| Working capital turnover | 199.65 | — | — | — | 23.41 |
February 1, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $41,528,000K ÷ ($8,224,000K – $8,016,000K)
= 199.65
The working capital turnover ratio for Best Buy Co. Inc has shown a significant increase over the years, from 23.41 in January 30, 2021, to 199.65 in February 1, 2025. This indicates that the company is effectively utilizing its working capital to generate sales. However, the absence of data for the years 2022, 2023, and 2024 limits a comprehensive trend analysis. It is crucial for Best Buy to consistently monitor and manage its working capital turnover to ensure efficient operations and optimal financial performance.