Core & Main Inc (CNM)
Working capital turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Jan 28, 2024 | Oct 31, 2023 | Oct 29, 2023 | Jul 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 29, 2023 | Oct 31, 2022 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Apr 30, 2022 | Jan 31, 2022 | Jan 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,441,000 | 7,183,000 | 6,563,000 | 6,426,000 | 6,492,000 | 6,913,000 | 7,334,000 | 7,081,000 | 6,648,000 | 6,141,000 | 6,120,000 | 6,348,000 | 6,835,000 | 7,066,000 | 6,846,000 | 6,290,000 | 5,662,800 | 5,482,600 | 5,145,600 | 5,197,200 |
| Total current assets | US$ in thousands | 2,025,000 | 2,381,000 | 2,318,000 | 2,223,000 | 1,773,000 | 1,773,000 | 2,171,000 | 2,171,000 | 2,182,000 | 2,182,000 | 2,166,000 | 2,211,000 | 2,211,000 | 2,455,000 | 2,455,000 | 2,461,000 | 2,202,000 | 2,202,000 | 1,767,000 | 1,767,000 |
| Total current liabilities | US$ in thousands | 866,000 | 1,114,000 | 1,012,000 | 1,038,000 | 774,000 | 774,000 | 921,000 | 921,000 | 842,000 | 842,000 | 798,000 | 726,000 | 726,000 | 987,000 | 987,000 | 1,079,000 | 1,066,000 | 1,066,000 | 839,000 | 839,000 |
| Working capital turnover | 6.42 | 5.67 | 5.03 | 5.42 | 6.50 | 6.92 | 5.87 | 5.66 | 4.96 | 4.58 | 4.47 | 4.27 | 4.60 | 4.81 | 4.66 | 4.55 | 4.98 | 4.83 | 5.54 | 5.60 |
January 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $7,441,000K ÷ ($2,025,000K – $866,000K)
= 6.42
Core & Main Inc's working capital turnover ratio has been fluctuating over the period from January 30, 2022, to January 31, 2025. The working capital turnover ratio is a measure of how efficiently the company is utilizing its working capital to generate sales revenue.
The trend in the working capital turnover ratio for Core & Main Inc shows that the company's efficiency in utilizing its working capital has varied. The ratio started at a high of 5.60 on January 30, 2022, indicating that the company was able to generate 5.60 times in sales revenue for every dollar of working capital invested.
However, the ratio declined to 4.27 on January 31, 2023, indicating a decrease in efficiency in utilizing working capital. The ratio then fluctuated between 4.47 and 6.92 until January 31, 2024, where it reached its peak value of 6.92, suggesting a significant improvement in efficiency in generating sales revenue relative to working capital.
After that peak, the ratio decreased to 5.03 on July 31, 2024, before slightly increasing to 6.42 on January 31, 2025. Overall, the working capital turnover ratio for Core & Main Inc shows variations over time, indicating changes in the company's effectiveness in generating sales revenue using its working capital.