Boot Barn Holdings Inc (BOOT)
Working capital turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,911,100 | 1,667,010 | 1,657,620 | 1,488,260 | 893,491 |
| Total current assets | US$ in thousands | 863,960 | 729,649 | 669,173 | 541,831 | 374,456 |
| Total current liabilities | US$ in thousands | 353,349 | 312,808 | 374,842 | 336,468 | 221,656 |
| Working capital turnover | 3.74 | 4.00 | 5.63 | 7.25 | 5.85 |
March 31, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,911,100K ÷ ($863,960K – $353,349K)
= 3.74
Boot Barn Holdings Inc's working capital turnover has shown fluctuating trends over the past five years. The ratio increased from 5.85 in March 31, 2021, to 7.25 in March 31, 2022, indicating a more efficient management of working capital during that period. However, in the subsequent years, there was a decline in the ratio to 5.63 in March 31, 2023, 4.00 in March 31, 2024, and further to 3.74 in March 31, 2025.
This decreasing trend indicates that the company may be facing challenges in optimizing its working capital to generate sales. A lower working capital turnover ratio may suggest inefficiencies in managing current assets and liabilities, potentially leading to excess inventory or inadequate liquidity. Boot Barn Holdings Inc should closely monitor its working capital turnover to ensure efficient utilization of resources and maintain liquidity for sustained operations.
Peer comparison
Mar 31, 2025