Foot Locker Inc (FL)
Working capital turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,159,000 | 8,761,000 | 8,946,000 | 7,541,000 | 8,002,000 |
| Total current assets | US$ in thousands | 2,225,000 | 2,521,000 | 2,363,000 | 2,835,000 | 2,386,000 |
| Total current liabilities | US$ in thousands | 1,291,000 | 1,610,000 | 1,735,000 | 1,644,000 | 1,194,000 |
| Working capital turnover | 8.74 | 9.62 | 14.25 | 6.33 | 6.71 |
February 3, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $8,159,000K ÷ ($2,225,000K – $1,291,000K)
= 8.74
The working capital turnover ratio for Foot Locker Inc has fluctuated over the past five years. In the latest fiscal year, ending February 3, 2024, the working capital turnover was 8.74. This indicates that Foot Locker Inc generated $8.74 in revenue for every dollar of working capital invested.
Comparing this to the previous year, there was a slight decrease from 9.62 to 8.74. Despite this decline, the company's efficiency in utilizing its working capital to generate revenue is still strong.
Looking further back, in fiscal year 2022, Foot Locker Inc had a notably higher working capital turnover of 14.25, suggesting a more efficient use of working capital to generate revenue compared to the recent years.
The working capital turnover ratios for the fiscal years 2021 and 2020 were 6.33 and 6.71, respectively. These ratios indicate that the company's performance in utilizing its working capital to generate revenue was weaker during those years compared to the more recent ones.
Overall, Foot Locker Inc's working capital turnover has shown variability over the past five years, with the most recent year demonstrating a slight decrease in efficiency compared to the previous year but still maintaining a relatively strong performance.
Peer comparison
Feb 3, 2024