Kohls Corp (KSS)
Working capital turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 17,132,000 | 17,794,000 | 18,972,000 | 15,798,000 | 19,776,000 |
| Total current assets | US$ in thousands | 3,410,000 | 3,736,000 | 5,023,000 | 5,835,000 | 4,649,000 |
| Total current liabilities | US$ in thousands | 2,612,000 | 3,115,000 | 3,286,000 | 3,022,000 | 2,769,000 |
| Working capital turnover | 21.47 | 28.65 | 10.92 | 5.62 | 10.52 |
February 3, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $17,132,000K ÷ ($3,410,000K – $2,612,000K)
= 21.47
The working capital turnover ratio measures how efficiently a company is able to utilize its working capital to generate revenue. A higher ratio indicates better efficiency in utilizing working capital.
Based on the data provided for Kohls Corp:
- In 2024, the working capital turnover ratio was 21.47, showing a high level of efficiency in generating revenue relative to its working capital.
- In 2023, the ratio was 28.65, indicating even higher efficiency compared to the previous year.
- In 2022, the ratio decreased to 10.92, suggesting a decline in the efficiency of using working capital to generate revenue.
- In 2021, the ratio was 5.62, indicating a further decrease in efficiency.
- In 2020, the ratio improved to 10.52, showing a better utilization of working capital compared to the prior year.
Overall, there have been fluctuations in Kohls Corp's working capital turnover over the years, with some years showing significant improvements in efficiency while others experienced declines. It is important for the company to closely monitor and manage its working capital to ensure optimal utilization and efficient revenue generation.
Peer comparison
Feb 3, 2024