CarMax Inc (KMX)
Working capital turnover
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 26,353,420 | 25,976,900 | 25,902,070 | 25,962,380 | 26,536,040 | 26,631,930 | 26,989,350 | 28,060,310 | 29,684,870 | 31,649,080 | 33,670,880 | 33,514,440 | 31,900,420 | 29,377,980 | 26,035,160 | 23,418,970 | 18,950,150 | 18,748,380 | 18,353,470 | 18,182,450 |
| Total current assets | US$ in thousands | 5,077,640 | 4,818,640 | 4,859,060 | 4,970,310 | 5,226,590 | 5,109,950 | 5,386,370 | 5,363,670 | 5,041,370 | 4,984,020 | 5,872,460 | 6,117,970 | 6,549,290 | 5,955,070 | 5,371,300 | 4,690,600 | 4,116,800 | 3,737,100 | 4,327,860 | 3,283,730 |
| Total current liabilities | US$ in thousands | 2,197,970 | 2,097,290 | 2,155,800 | 1,985,900 | 2,312,290 | 2,083,240 | 2,320,390 | 2,113,970 | 1,938,310 | 1,937,050 | 2,132,190 | 2,251,750 | 2,047,460 | 2,056,850 | 1,958,960 | 2,093,390 | 1,698,550 | 1,437,790 | 1,598,940 | 1,151,010 |
| Working capital turnover | 9.15 | 9.55 | 9.58 | 8.70 | 9.11 | 8.80 | 8.80 | 8.63 | 9.57 | 10.39 | 9.00 | 8.67 | 7.09 | 7.54 | 7.63 | 9.02 | 7.84 | 8.15 | 6.73 | 8.53 |
February 28, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $26,353,420K ÷ ($5,077,640K – $2,197,970K)
= 9.15
CarMax Inc's working capital turnover ratio has shown some fluctuations over the past few years. The ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue.
From May 31, 2020, to February 28, 2023, the working capital turnover ratio ranged between 6.73 and 9.57, showing variations in the company's efficiency in utilizing its working capital during this period.
From May 31, 2023, to February 28, 2025, the working capital turnover ratio remained relatively stable, hovering around the range of 8.63 to 9.58. This stability suggests that CarMax Inc has maintained a consistent level of efficiency in utilizing its working capital to support its sales activities during this period.
Overall, the working capital turnover ratio of CarMax Inc indicates that the company has been effectively managing its working capital to generate sales revenue. The fluctuations observed in the ratio over different periods highlight the importance of closely monitoring working capital efficiency to ensure optimal operational performance and financial health.
Peer comparison
Feb 28, 2025