Buckle Inc (BKE)

Working capital turnover

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Revenue	US$ in thousands	1,261,100	1,345,190	1,294,610	901,278	900,254
Total current assets	US$ in thousands	444,256	423,336	391,206	437,224	378,830
Total current liabilities	US$ in thousands	221,456	226,043	248,541	206,359	172,641
Working capital turnover		5.66	6.82	9.07	3.90	4.37

February 3, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,261,100K ÷ ($444,256K – $221,456K)
= 5.66

The working capital turnover for Buckle Inc has shown fluctuations over the past five years. In 2024, the working capital turnover was 5.66, indicating that the company generated $5.66 in net sales for every dollar of working capital. This represents a decrease from the previous year where the turnover was 6.82.

Looking further back, in 2022, Buckle Inc achieved a working capital turnover of 9.07, reflecting a strong efficiency in utilizing its working capital to generate sales. This was a significant increase from the turnover of 3.90 in 2021 and 4.37 in 2020.

Overall, the trend in working capital turnover for Buckle Inc shows some volatility but demonstrates the company's ability to efficiently manage its working capital to generate sales. Further analysis of the company's operational efficiency and liquidity management may provide additional insights into its financial performance.