Cracker Barrel Old Country Store (CBRL)

Working capital turnover

		Aug 2, 2024	Jul 28, 2023	Jul 29, 2022	Jul 30, 2021	Jul 31, 2020
Revenue	US$ in thousands	3,459,870	3,436,210	3,262,150	2,817,380	2,516,320
Total current assets	US$ in thousands	278,214	282,287	317,276	353,596	643,012
Total current liabilities	US$ in thousands	454,207	488,966	502,324	465,262	451,056
Working capital turnover		—	—	—	—	13.11

August 2, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,459,870K ÷ ($278,214K – $454,207K)
= —

Based on the provided data, Cracker Barrel Old Country Store's working capital turnover for the year ending July 31, 2020, was 13.11 times. Unfortunately, the specific values for the working capital turnover for the subsequent years are not available in the table provided.

Working capital turnover is a financial ratio that indicates how efficiently a company is using its working capital to generate sales revenue. A higher working capital turnover generally suggests better efficiency in utilizing the resources to drive sales. However, without the data for the subsequent years, it is not possible to provide a trend analysis or assess any changes in Cracker Barrel's working capital turnover over time.

To provide a more comprehensive analysis, additional historical data points or more recent figures would be necessary to evaluate the company's performance consistently over time and compare it to industry benchmarks.