Cracker Barrel Old Country Store (CBRL)

Working capital turnover

		Aug 2, 2024	Apr 26, 2024	Jan 26, 2024	Oct 27, 2023	Jul 28, 2023	Apr 28, 2023	Jan 27, 2023	Oct 28, 2022	Jul 29, 2022	Apr 29, 2022	Jan 28, 2022	Oct 29, 2021	Jul 30, 2021	Apr 30, 2021	Jan 29, 2021	Oct 30, 2020	Jul 31, 2020	May 1, 2020	Jan 31, 2020	Nov 1, 2019
Revenue (ttm)	US$ in thousands	3,467,971	3,410,528	3,426,082	3,424,549	3,441,183	3,435,191	3,392,698	3,321,090	3,265,266	3,219,442	3,142,662	2,957,571	2,820,643	2,531,303	2,250,431	2,419,405	2,522,792	2,814,825	3,121,884	3,087,448
Total current assets	US$ in thousands	278,214	279,003	267,800	287,689	282,287	273,032	308,683	331,241	317,276	294,096	306,636	357,223	353,596	593,865	796,785	824,863	643,012	557,408	286,070	293,413
Total current liabilities	US$ in thousands	454,207	446,207	458,837	461,898	488,966	449,223	470,791	469,520	502,324	465,605	478,885	449,647	465,262	448,950	438,703	444,616	451,056	353,426	444,884	442,657
Working capital turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	17.47	6.28	6.36	13.14	13.80	—	—

August 2, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,467,971K ÷ ($278,214K – $454,207K)
= —

The working capital turnover ratio for Cracker Barrel Old Country Store has been fluctuating over the past few years. The ratio measures how effectively the company is utilizing its working capital to generate sales revenue.

In the most recent data available, as of April 30, 2021, the working capital turnover was 17.47, which indicates that the company generated $17.47 in sales revenue for every dollar of working capital invested during that period. This is a strong indicator of efficient working capital management.

However, the working capital turnover ratio dropped to 6.28 in January 29, 2021, and 6.36 in October 30, 2020, suggesting a decrease in efficiency in utilizing working capital to generate sales revenue during those periods.

Overall, the fluctuating trend in working capital turnover indicates the company's varying ability to efficiently manage its working capital in generating sales revenue over the analyzed period.