Kroger Company (KR)
Working capital turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 149,598,000 | 147,723,000 | 137,317,000 | 131,954,000 | 121,683,000 |
| Total current assets | US$ in thousands | 12,948,000 | 12,670,000 | 12,174,000 | 12,503,000 | 10,890,000 |
| Total current liabilities | US$ in thousands | 16,058,000 | 17,238,000 | 16,323,000 | 15,366,000 | 14,243,000 |
| Working capital turnover | — | — | — | — | — |
February 3, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $149,598,000K ÷ ($12,948,000K – $16,058,000K)
= —
To calculate Kroger Company's working capital turnover, we need to use the formula:
Working Capital Turnover = Net Sales / Average Working Capital
Unfortunately, without the specific financial figures for working capital and net sales for the corresponding years, we cannot compute the exact working capital turnover ratio. This ratio provides insights into how efficiently Kroger is utilizing its working capital to generate sales revenue. A higher working capital turnover ratio indicates that the company is effectively managing its working capital to facilitate sales generation.
Analysts typically assess trends in this ratio over multiple periods to evaluate the company's working capital efficiency and financial performance. Without the necessary data, a detailed analysis of Kroger's working capital turnover performance over the recent years cannot be provided.
Peer comparison
Feb 3, 2024