Dick’s Sporting Goods Inc (DKS)
Working capital turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 13,442,850 | 13,502,590 | 14,321,580 | 13,890,340 | 13,899,980 | 13,170,230 | 12,503,320 | 12,303,100 | 12,102,220 | 12,475,290 | 12,856,580 | 12,973,260 | 13,078,850 | 12,594,560 | 12,090,930 | 11,832,270 | 12,251,700 | 12,486,180 | 12,146,910 | 12,180,570 |
| Total current assets | US$ in thousands | 5,417,710 | 5,535,960 | 5,180,540 | 5,161,770 | 4,890,050 | 4,890,050 | 4,944,000 | 4,944,000 | 5,022,040 | 5,022,040 | 4,942,990 | 4,942,990 | 4,963,190 | 4,963,190 | 4,986,460 | 4,986,460 | 5,076,670 | 5,076,670 | 5,256,660 | 5,106,660 |
| Total current liabilities | US$ in thousands | 3,080,060 | 3,217,730 | 2,921,010 | 3,022,170 | 2,752,390 | 2,752,390 | 2,989,390 | 2,989,390 | 2,775,680 | 2,775,680 | 2,525,160 | 2,525,160 | 2,641,450 | 2,641,450 | 2,762,130 | 2,762,130 | 2,781,950 | 2,781,950 | 2,802,840 | 2,712,680 |
| Working capital turnover | 5.75 | 5.82 | 6.34 | 6.49 | 6.50 | 6.16 | 6.40 | 6.29 | 5.39 | 5.55 | 5.32 | 5.37 | 5.63 | 5.42 | 5.44 | 5.32 | 5.34 | 5.44 | 4.95 | 5.09 |
January 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $13,442,850K ÷ ($5,417,710K – $3,080,060K)
= 5.75
The working capital turnover ratio for Dick’s Sporting Goods Inc has shown a fluctuating trend over the given time period. The ratio has ranged from a low of 4.95 in April 30, 2022, to a high of 6.50 in February 3, 2024. Overall, the average working capital turnover ratio is approximately 5.74, indicating that, on average, the company is able to generate $5.74 in net sales revenue for every dollar of working capital invested.
The increasing trend in the working capital turnover ratio from 2022 to 2024 suggests that the company has been effectively managing its working capital to generate more sales revenue. This improvement may indicate a more efficient utilization of current assets and liabilities to support the company's operations.
However, the slight decrease in the ratio in the most recent period, from 6.50 in February 3, 2024, to 5.75 in January 31, 2025, could raise a concern regarding the company's ability to maintain or further improve its working capital efficiency in the future. It may be important for investors and stakeholders to monitor this ratio closely in upcoming periods to assess the company's working capital management performance.
Peer comparison
Jan 31, 2025