Home Depot Inc (HD)
Working capital turnover
| Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Nov 3, 2019 | Aug 4, 2019 | May 5, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 152,669,000 | 153,714,000 | 154,876,000 | 155,752,000 | 157,403,000 | 157,291,000 | 155,239,000 | 152,565,000 | 151,157,000 | 147,699,000 | 144,415,000 | 141,350,000 | 132,110,000 | 125,631,000 | 119,318,000 | 112,104,000 | 110,225,000 | 110,934,000 | 110,013,000 | 109,637,000 |
| Total current assets | US$ in thousands | 29,775,000 | 30,682,000 | 31,830,000 | 32,423,000 | 32,471,000 | 33,681,000 | 32,941,000 | 33,867,000 | 29,055,000 | 30,466,000 | 28,262,000 | 30,672,000 | 28,477,000 | 34,505,000 | 31,361,000 | 27,277,000 | 19,810,000 | 21,174,000 | 20,699,000 | 20,553,000 |
| Total current liabilities | US$ in thousands | 22,015,000 | 23,572,000 | 24,227,000 | 25,446,000 | 23,110,000 | 24,280,000 | 27,834,000 | 30,387,000 | 28,693,000 | 26,903,000 | 26,666,000 | 27,758,000 | 23,166,000 | 25,395,000 | 24,199,000 | 23,348,000 | 18,375,000 | 19,565,000 | 18,798,000 | 19,673,000 |
| Working capital turnover | 19.67 | 21.62 | 20.37 | 22.32 | 16.81 | 16.73 | 30.40 | 43.84 | 417.56 | 41.45 | 90.49 | 48.51 | 24.87 | 13.79 | 16.66 | 28.53 | 76.81 | 68.95 | 57.87 | 124.59 |
January 28, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $152,669,000K ÷ ($29,775,000K – $22,015,000K)
= 19.67
The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales revenue. A high working capital turnover indicates that the company is effectively using its short-term assets and liabilities to support sales.
Analyzing Home Depot Inc's working capital turnover over the past multiple quarters shows some fluctuations. The ratio ranged from as low as 13.79 to as high as 417.56, indicating varying levels of efficiency in utilizing its working capital.
To provide more specific insights, it would be beneficial to compare the working capital turnover ratio with industry benchmarks or trends within the company itself. A consistent increase or decrease in the ratio over time could signal improvements or deterioration in the company's working capital management efficiency.
Overall, Home Depot Inc's working capital turnover ratio fluctuates, suggesting shifts in the company's ability to efficiently utilize its working capital to drive sales.
Peer comparison
Jan 28, 2024