Boot Barn Holdings Inc (BOOT)
Working capital turnover
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,666,161 | 1,703,269 | 1,697,413 | 1,674,491 | 1,656,641 | 1,613,747 | 1,585,275 | 1,546,627 | 1,487,461 | 1,363,824 | 1,180,258 | 1,052,056 | 893,495 | 823,251 | 804,910 | 807,578 | 845,563 | 849,690 | 819,699 | 800,625 |
| Total current assets | US$ in thousands | 729,649 | 735,129 | 672,603 | 632,024 | 669,173 | 708,878 | 714,744 | 617,415 | 541,831 | 562,505 | 441,093 | 376,457 | 374,456 | 351,234 | 324,321 | 368,847 | 384,651 | 345,886 | 338,591 | 296,075 |
| Total current liabilities | US$ in thousands | 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 | 312,625 | 280,166 | 297,124 | 259,154 |
| Working capital turnover | 4.00 | 4.35 | 4.94 | 5.25 | 5.63 | 6.12 | 6.79 | 6.83 | 7.24 | 7.83 | 7.35 | 8.24 | 5.85 | 7.07 | 9.31 | 10.92 | 11.74 | 12.93 | 19.77 | 21.68 |
March 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,666,161K ÷ ($729,649K – $312,808K)
= 4.00
The working capital turnover ratio for Boot Barn Holdings Inc has shown a consistent upward trend over the historical period, indicating an improvement in the efficiency of utilizing working capital to generate sales. The ratio has generally increased from 4.00 in March 2019 to 21.68 in June 2019. This suggests that the company has been more effective in managing its working capital to support its revenue generation activities. A higher working capital turnover ratio reflects that the company is able to efficiently convert its working capital into sales, which is a positive sign for the company's liquidity and operational efficiency. The steady increase in the ratio over time signifies the company's ability to optimize its working capital to drive business growth and profitability.
Peer comparison
Mar 31, 2024