GameStop Corp (GME)

Activity ratios

Short-term

Turnover ratios

	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
Inventory turnover	6.29	4.24	6.54	5.83	6.67	4.16	6.52	5.23	5.10	3.91	7.06	7.07	6.36	4.36	8.48	6.44	5.30	4.10	5.96	5.05
Receivables turnover	57.94	64.62	76.90	48.54	38.51	47.52	60.89	59.11	42.60	70.49	81.56	52.36	48.34	66.52	67.34	68.50	45.57	50.34	63.99	63.87
Payables turnover	12.28	5.33	11.72	7.88	8.57	5.30	22.02	12.40	9.90	6.27	10.28	10.39	11.21	8.53	15.69	19.89	11.97	7.43	15.35	12.65
Working capital turnover	5.07	6.08	6.23	6.19	6.02	6.00	5.58	5.08	4.83	4.26	3.82	12.17	24.41	68.64	82.65	—	16.33	25.33	17.37	12.92

GameStop Corp's activity ratios provide insight into how efficiently the company is managing its assets and liabilities.

1. Inventory Turnover: GameStop's inventory turnover ratio has been fluctuating over the periods but generally indicates that the company is able to sell its inventory relatively quickly. The ratio has ranged from around 4 to 8 times during the periods analyzed, suggesting that GameStop is effectively managing its inventory levels.

2. Receivables Turnover: The receivables turnover ratio reveals how efficiently GameStop collects on its credit sales. The ratio has varied but generally indicates that the company has been able to collect payments from customers relatively quickly. A higher turnover ratio implies a faster collection process.

3. Payables Turnover: GameStop's payables turnover ratio demonstrates how efficiently the company is managing its trade payables. The ratio fluctuates over time but generally shows that GameStop is taking longer to pay its trade creditors. A higher ratio may suggest better liquidity management.

4. Working Capital Turnover: The working capital turnover ratio assesses how effectively GameStop is utilizing its working capital to generate sales. The ratios vary significantly over the periods analyzed, indicating fluctuations in how efficiently GameStop is using its resources to generate revenue.

Overall, these activity ratios suggest that GameStop Corp has been managing its resources, inventory, receivables, and payables efficiently, but there are fluctuations that may require further investigation to maintain or improve the company's operational efficiency in the future.

Average number of days

		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
Days of inventory on hand (DOH)	days	58.03	86.08	55.78	62.65	54.72	87.78	56.02	69.83	71.62	93.35	51.69	51.60	57.41	83.72	43.06	56.63	68.85	89.04	61.25	72.33
Days of sales outstanding (DSO)	days	6.30	5.65	4.75	7.52	9.48	7.68	5.99	6.17	8.57	5.18	4.48	6.97	7.55	5.49	5.42	5.33	8.01	7.25	5.70	5.72
Number of days of payables	days	29.72	68.49	31.15	46.31	42.57	68.93	16.57	29.44	36.87	58.22	35.51	35.12	32.57	42.81	23.27	18.35	30.50	49.12	23.77	28.85

The Days of Inventory on Hand (DOH) ratio for GameStop Corp shows a fluctuating pattern over the past several quarters, ranging from a low of 43.06 days to a high of 93.35 days. This indicates that the company has been managing its inventory levels with varying efficiency. A lower DOH suggests that the company is selling its inventory more quickly, while a higher DOH implies slower inventory turnover.

The Days of Sales Outstanding (DSO) ratio has also displayed variability, with values ranging from 4.48 days to 9.48 days. Lower DSO numbers are generally preferred as they indicate that the company is collecting its receivables more quickly. However, GameStop Corp's DSO has not shown a consistent trend, suggesting some inconsistency in its accounts receivable management.

The Number of Days of Payables ratio has shown fluctuations as well, ranging from 16.57 days to 68.93 days. A lower number of days of payables indicates that the company is paying its suppliers more quickly, while a higher number suggests delayed payments. GameStop Corp's payment behavior to its suppliers has varied, which can impact relationships with vendors and cash flow management.

Overall, the activity ratios of GameStop Corp suggest that the company has been experiencing fluctuations in its inventory turnover, accounts receivable collection, and accounts payable management. It may benefit from implementing more consistent strategies to improve these ratios and enhance overall operational efficiency.

Long-term

	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
Fixed asset turnover	55.56	49.83	48.73	46.81	43.42	42.99	41.31	38.83	36.74	32.73	29.94	27.75	25.30	26.75	25.47	23.17	23.44	25.55	25.10	25.69
Total asset turnover	1.95	1.81	2.07	1.88	1.90	1.79	2.17	1.96	1.72	1.56	1.58	2.09	2.06	1.98	2.36	2.41	2.29	2.33	2.62	2.21

The fixed asset turnover ratio for GameStop Corp has been consistently high, indicating that the company is effectively utilizing its fixed assets to generate sales over the years. This suggests efficient management of assets to generate revenue.

On the other hand, the total asset turnover ratio has been fluctuating over time, but generally within a moderate range. This ratio reflects the company's ability to generate sales relative to its total assets. The fluctuations may indicate changes in the company's sales volume relative to its asset base.

Overall, GameStop Corp appears to have a strong performance in terms of utilizing fixed assets efficiently to generate revenue. However, the varying total asset turnover ratio suggests that the company may need to focus on optimizing its overall asset utilization to improve its efficiency in generating sales.