Dollar Tree Inc (DLTR)

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	30,603,800	29,684,600	29,309,700	28,752,900	28,331,700	27,691,600	27,169,400	26,744,100	26,321,200	26,008,500	25,767,800	25,702,200	25,509,300	25,056,700	24,625,900	24,088,900	23,610,800	23,500,700	23,293,300	23,078,300
Total current assets	US$ in thousands	6,132,700	6,302,100	6,157,400	6,267,600	6,367,100	6,446,600	6,377,300	6,282,300	5,609,200	5,374,500	4,648,100	5,304,900	5,050,800	5,171,000	5,232,500	5,165,400	4,269,400	4,572,300	4,340,800	4,246,100
Total current liabilities	US$ in thousands	4,696,700	4,647,900	4,150,300	4,141,500	4,225,200	4,683,100	4,380,500	4,289,900	4,176,600	4,291,200	3,722,700	3,902,200	3,730,300	4,042,300	4,278,800	4,504,200	3,546,500	4,179,700	4,094,000	3,979,300
Working capital turnover		21.31	17.94	14.60	13.52	13.23	15.70	13.61	13.42	18.37	24.01	27.85	18.32	19.32	22.20	25.82	36.43	32.66	59.86	94.38	86.50

February 3, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $30,603,800K ÷ ($6,132,700K – $4,696,700K)
= 21.31

The working capital turnover ratio of Dollar Tree Inc has shown fluctuations over the past several reporting periods. The ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue.

The trend shows that Dollar Tree Inc's working capital turnover ratio has ranged from 13.23 to 94.38 over the periods analyzed. The highest ratio of 94.38 was reported on May 4, 2019, suggesting that the company was able to generate significant sales revenue for each dollar of working capital invested.

On the other hand, the lowest ratio of 13.23 was reported on Jan 28, 2023, indicating a lower efficiency in utilizing its working capital during that period.

Overall, the fluctuating trend in the working capital turnover ratio of Dollar Tree Inc may be attributed to changes in the company's operations, sales volume, and management of working capital components such as inventory levels and accounts receivable. Further analysis and comparison with industry benchmarks could provide more insights into the company's working capital management efficiency.