Buckle Inc (BKE)
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 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,261,102 | 1,280,525 | 1,309,409 | 1,318,957 | 1,345,187 | 1,324,311 | 1,311,402 | 1,304,546 | 1,294,607 | 1,232,512 | 1,164,085 | 1,084,990 | 901,278 | 853,446 | 826,562 | 814,354 | 900,254 | 893,663 | 884,649 | 881,912 |
| Total current assets | US$ in thousands | 444,256 | 508,939 | 455,227 | 433,915 | 423,336 | 505,861 | 435,076 | 408,211 | 391,206 | 598,028 | 537,543 | 505,152 | 437,224 | 481,552 | 417,612 | 339,581 | 378,830 | 416,288 | 391,425 | 384,598 |
| Total current liabilities | US$ in thousands | 221,456 | 216,164 | 196,775 | 206,804 | 226,043 | 240,105 | 216,280 | 223,713 | 248,541 | 239,295 | 226,103 | 234,041 | 206,359 | 203,283 | 173,150 | 138,444 | 172,641 | 178,661 | 166,608 | 167,063 |
| Working capital turnover | 5.66 | 4.37 | 5.07 | 5.81 | 6.82 | 4.98 | 5.99 | 7.07 | 9.07 | 3.44 | 3.74 | 4.00 | 3.90 | 3.07 | 3.38 | 4.05 | 4.37 | 3.76 | 3.93 | 4.05 |
February 3, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,261,102K ÷ ($444,256K – $221,456K)
= 5.66
The working capital turnover ratio measures how efficiently a company is able to utilize its working capital to generate sales revenue. A higher working capital turnover ratio indicates that the company is able to efficiently use its current assets to support its sales activities.
Looking at the trend in Buckle Inc's working capital turnover over the past few quarters, we can see fluctuations in the ratio. The ratio has varied between 3.07 and 9.07, indicating some level of inconsistency in the company's ability to effectively turn its working capital into sales.
For the most recent ratio of 5.66, this suggests that for every dollar of working capital, Buckle Inc generated $5.66 in sales. This ratio has improved compared to the previous quarter's 4.37, indicating better efficiency in using working capital to drive revenue.
It is important for Buckle Inc to further analyze the factors influencing its working capital turnover to identify areas for improvement in managing its current assets and liabilities effectively. Consistent monitoring of the working capital turnover ratio can help the company evaluate its operational efficiency and make informed decisions to optimize its working capital management.
Peer comparison
Feb 3, 2024