Boot Barn Holdings Inc (BOOT)
Working capital turnover
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,911,104 | 1,845,814 | 1,758,043 | 1,706,700 | 1,667,009 | 1,704,211 | 1,698,365 | 1,675,454 | 1,657,615 | 1,615,262 | 1,586,613 | 1,547,785 | 1,488,256 | 1,363,820 | 1,180,254 | 1,052,052 | 893,491 | 823,247 | 804,906 | 807,574 |
| Total current assets | US$ in thousands | 863,960 | 899,380 | 807,105 | 754,283 | 727,949 | 735,129 | 672,603 | 632,024 | 669,173 | 708,878 | 713,044 | 616,215 | 541,831 | 562,505 | 441,093 | 376,457 | 374,456 | 351,234 | 324,321 | 368,847 |
| Total current liabilities | US$ in thousands | 353,349 | 409,050 | 358,406 | 323,116 | 312,808 | 343,602 | 328,831 | 313,085 | 374,842 | 445,021 | 481,355 | 390,856 | 336,468 | 388,371 | 280,481 | 248,828 | 221,656 | 234,722 | 237,887 | 294,863 |
| Working capital turnover | 3.74 | 3.76 | 3.92 | 3.96 | 4.02 | 4.35 | 4.94 | 5.25 | 5.63 | 6.12 | 6.85 | 6.87 | 7.25 | 7.83 | 7.35 | 8.24 | 5.85 | 7.07 | 9.31 | 10.92 |
March 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,911,104K ÷ ($863,960K – $353,349K)
= 3.74
Boot Barn Holdings Inc's working capital turnover has been gradually decreasing over the past few years, indicating a decline in the efficiency of utilizing its working capital to generate revenue. The ratio has decreased from 10.92 as of June 30, 2020, to 3.74 as of March 31, 2025.
This downward trend may suggest that the company is finding it increasingly challenging to efficiently manage its working capital to support its operations and generate sales. A lower working capital turnover ratio could indicate that the company is either carrying too much inventory, facing difficulties in collecting receivables, or experiencing a slowdown in sales relative to its working capital levels.
Management should closely monitor this ratio and take necessary actions to improve the efficiency of working capital utilization to support sustainable growth and profitability in the future.
Peer comparison
Mar 31, 2025