Boot Barn Holdings Inc (BOOT)
Working capital turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,665,680 | 1,656,570 | 1,487,310 | 893,404 | 845,158 |
| Total current assets | US$ in thousands | 729,649 | 669,173 | 541,831 | 374,456 | 384,651 |
| Total current liabilities | US$ in thousands | 312,808 | 374,842 | 336,468 | 221,656 | 312,625 |
| Working capital turnover | 4.00 | 5.63 | 7.24 | 5.85 | 11.73 |
March 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,665,680K ÷ ($729,649K – $312,808K)
= 4.00
Working capital turnover measures the efficiency of a company in generating sales revenue from its working capital. Boot Barn Holdings Inc's working capital turnover has fluctuated over the past five years, ranging from 4.00 to 11.73.
In 2020, the company achieved a high working capital turnover of 11.73, indicating that it generated $11.73 in revenue for every dollar of working capital invested. This suggests that Boot Barn effectively managed its working capital to drive sales during that period.
However, in subsequent years, the working capital turnover decreased, reaching a low of 4.00 in 2024. This decline may indicate that the company's efficiency in utilizing its working capital to generate sales has weakened.
Overall, analyzing the trend in working capital turnover, Boot Barn Holdings Inc should focus on improving its working capital management strategies to enhance operational efficiency and maximize sales revenue in the future.
Peer comparison
Mar 31, 2024