Foot Locker Inc (FL)
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 | 8,155,000 | 8,116,000 | 8,298,000 | 8,499,000 | 8,743,000 | 8,755,000 | 8,770,000 | 8,980,000 | 8,958,000 | 8,806,000 | 8,723,000 | 8,525,000 | 7,548,000 | 7,580,000 | 7,406,000 | 7,103,000 | 8,005,000 | 8,056,000 | 7,984,000 | 7,992,000 |
| Total current assets | US$ in thousands | 2,225,000 | 2,374,000 | 2,371,000 | 2,397,000 | 2,521,000 | 2,338,000 | 2,315,000 | 2,233,000 | 2,363,000 | 2,893,000 | 3,178,000 | 3,267,000 | 2,835,000 | 2,823,000 | 2,833,000 | 2,738,000 | 2,386,000 | 2,347,000 | 2,446,000 | 2,592,000 |
| Total current liabilities | US$ in thousands | 1,291,000 | 1,459,000 | 1,452,000 | 1,460,000 | 1,610,000 | 1,522,000 | 1,585,000 | 1,556,000 | 1,735,000 | 1,757,000 | 1,681,000 | 1,913,000 | 1,644,000 | 1,542,000 | 1,672,000 | 1,643,000 | 1,194,000 | 1,237,000 | 1,229,000 | 1,290,000 |
| Working capital turnover | 8.73 | 8.87 | 9.03 | 9.07 | 9.60 | 10.73 | 12.01 | 13.26 | 14.26 | 7.75 | 5.83 | 6.30 | 6.34 | 5.92 | 6.38 | 6.49 | 6.72 | 7.26 | 6.56 | 6.14 |
February 3, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $8,155,000K ÷ ($2,225,000K – $1,291,000K)
= 8.73
The working capital turnover ratio for Foot Locker Inc has shown fluctuation over the past few quarters, ranging from a low of 5.83 to a high of 14.26. Generally, a higher working capital turnover ratio indicates a more efficient use of working capital to generate sales revenue.
Foot Locker Inc's working capital turnover has exhibited a decreasing trend in recent periods, which could imply a decrease in efficiency in utilizing its working capital to support sales. However, the ratio has remained above 5.0 over the entire period, suggesting that the company is still effectively managing its working capital to support its operations.
It is essential for Foot Locker Inc to closely monitor its working capital turnover ratio and consider strategies to optimize the utilization of its current assets and liabilities to improve efficiency and maintain financial health. Further analysis and comparison with industry benchmarks may provide additional insights into the company's performance in this area.
Peer comparison
Feb 3, 2024