Core & Main Inc (CNM)
Working capital turnover
| Jan 31, 2025 | Jan 31, 2024 | Jan 28, 2024 | Jan 31, 2023 | Jan 29, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,441,000 | 6,702,000 | 6,621,000 | 6,651,000 | 6,585,000 |
| Total current assets | US$ in thousands | 2,025,000 | 1,773,000 | 1,773,000 | 2,211,000 | 2,211,000 |
| Total current liabilities | US$ in thousands | 866,000 | 774,000 | 774,000 | 726,000 | 726,000 |
| Working capital turnover | 6.42 | 6.71 | 6.63 | 4.48 | 4.43 |
January 31, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $7,441,000K ÷ ($2,025,000K – $866,000K)
= 6.42
Core & Main Inc's working capital turnover has shown a positive trend over the past three years, increasing from 4.43 in January 29, 2023, to 6.42 in January 31, 2025. This indicates that the company is generating revenue more efficiently in relation to its working capital. The significant rise in working capital turnover from 2023 to 2024, with a value of 6.63 in January 28, 2024, and 6.71 in January 31, 2024, suggests an improvement in the company's ability to utilize its working capital efficiently to support sales. Overall, the increasing trend in working capital turnover reflects Core & Main Inc's effective management of its working capital to drive sales and revenue growth.