Buckle Inc (BKE)
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 | 1,217,689 | 1,220,873 | 1,309,638 | 1,330,703 | 1,371,680 | 1,281,725 | 1,191,770 | 1,171,147 | 1,150,524 | 1,259,902 | 1,369,280 | 1,418,787 | 1,468,294 | 1,368,464 | 1,268,634 | 1,245,357 | 1,293,946 | 1,372,900 | 1,390,356 | 1,400,724 |
| Total current assets | US$ in thousands | 439,209 | 504,928 | 469,200 | 446,829 | 444,256 | 444,256 | 508,939 | 508,939 | 455,227 | 455,227 | 433,915 | 433,915 | 423,336 | 423,336 | 505,861 | 505,861 | 435,076 | 435,076 | 408,211 | 391,206 |
| Total current liabilities | US$ in thousands | 213,932 | 212,770 | 206,219 | 205,280 | 221,456 | 221,456 | 216,164 | 216,164 | 196,775 | 196,775 | 206,804 | 206,804 | 226,043 | 226,043 | 240,105 | 240,105 | 216,280 | 216,280 | 223,713 | 248,541 |
| Working capital turnover | 5.41 | 4.18 | 4.98 | 5.51 | 6.16 | 5.75 | 4.07 | 4.00 | 4.45 | 4.87 | 6.03 | 6.25 | 7.44 | 6.94 | 4.77 | 4.69 | 5.91 | 6.27 | 7.54 | 9.82 |
January 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,217,689K ÷ ($439,209K – $213,932K)
= 5.41
Working capital turnover is a financial ratio that measures a company's ability to efficiently utilize its working capital to generate sales revenue. In the case of Buckle Inc, the working capital turnover has fluctuated over the years.
In January 2022, Buckle Inc's working capital turnover was 9.82, indicating that the company generated $9.82 in revenue for every dollar of working capital invested. This high ratio suggests efficient management of working capital. However, the ratio declined to 4.18 by October 2024, indicating a decrease in the efficiency of working capital utilization.
Overall, Buckle Inc's working capital turnover has shown a downward trend over the years, with fluctuations in the ratio indicating changes in the company's efficiency in converting working capital into sales. It is important for the company to closely monitor this ratio and take steps to improve working capital management to ensure optimal efficiency in its operations.
Peer comparison
Jan 31, 2025