Designer Brands Inc (DBI)
Working capital turnover
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,074,976 | 3,081,174 | 3,159,865 | 3,226,967 | 3,315,428 | 3,377,508 | 3,365,955 | 3,323,971 | 3,196,583 | 2,983,309 | 2,782,712 | 2,455,091 | 2,234,719 | 2,454,987 | 2,735,943 | 3,102,181 | 3,492,687 | 3,505,144 | 3,402,987 | 3,340,770 |
| Total current assets | US$ in thousands | 777,432 | 799,809 | 800,700 | 831,800 | 789,931 | 1,027,050 | 1,001,250 | 999,425 | 914,216 | 970,317 | 803,761 | 863,297 | 780,585 | 776,902 | 770,460 | 949,207 | 900,810 | 926,863 | 924,157 | 896,725 |
| Total current liabilities | US$ in thousands | 622,271 | 678,255 | 650,838 | 642,359 | 636,126 | 717,520 | 740,142 | 757,299 | 758,917 | 880,862 | 774,730 | 800,222 | 752,683 | 831,566 | 669,218 | 732,726 | 680,031 | 641,830 | 648,863 | 596,024 |
| Working capital turnover | 19.82 | 25.35 | 21.09 | 17.03 | 21.56 | 10.91 | 12.89 | 13.73 | 20.58 | 33.35 | 95.85 | 38.92 | 80.09 | — | 27.02 | 14.33 | 15.82 | 12.30 | 12.36 | 11.11 |
February 3, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,074,976K ÷ ($777,432K – $622,271K)
= 19.82
The working capital turnover of Designer Brands Inc has shown fluctuations over the past 20 financial periods. The average working capital turnover ratio over this period is approximately 24.53, indicating that on average, the company turns over its working capital 24.53 times within a given period.
The highest working capital turnover observed was in July 2021 at 95.85, suggesting that the company efficiently utilized its working capital during that period. On the other hand, the lowest working capital turnover was in May 2020 at 14.33, indicating a relatively lower efficiency in working capital management during that period.
Overall, a higher working capital turnover ratio generally indicates that the company is efficiently managing its working capital to generate sales, while a lower ratio may suggest inefficiencies in managing its current assets and liabilities. It is important for Designer Brands Inc to analyze the reasons behind the fluctuations in the working capital turnover ratio and implement strategies to optimize its working capital management for sustained financial health.
Peer comparison
Feb 3, 2024