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.