Macy’s Inc (M)
Working capital turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 23,866,000 | 24,074,000 | 24,503,000 | 25,057,000 | 25,449,000 | 25,519,000 | 25,304,000 | 25,040,000 | 24,097,000 | 22,264,000 | 20,925,000 | 18,914,000 | 17,325,000 | 18,967,000 | 20,244,000 | 22,238,000 | 24,752,000 | 24,995,000 | 25,251,000 | 25,316,000 |
| Total current assets | US$ in thousands | 6,089,000 | 7,070,000 | 5,271,000 | 5,855,000 | 5,853,000 | 7,348,000 | 5,516,000 | 6,233,000 | 6,758,000 | 7,591,000 | 7,611,000 | 7,240,000 | 6,184,000 | 7,357,000 | 5,631,000 | 7,135,000 | 6,810,000 | 8,301,000 | 6,546,000 | 7,105,000 |
| Total current liabilities | US$ in thousands | 4,430,000 | 6,014,000 | 4,184,000 | 4,782,000 | 4,861,000 | 6,743,000 | 4,708,000 | 5,543,000 | 5,416,000 | 6,671,000 | 6,700,000 | 5,518,000 | 5,357,000 | 6,651,000 | 4,854,000 | 5,772,000 | 5,750,000 | 6,479,000 | 4,439,000 | 5,019,000 |
| Working capital turnover | 14.39 | 22.80 | 22.54 | 23.35 | 25.65 | 42.18 | 31.32 | 36.29 | 17.96 | 24.20 | 22.97 | 10.98 | 20.95 | 26.87 | 26.05 | 16.32 | 23.35 | 13.72 | 11.98 | 12.14 |
February 3, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $23,866,000K ÷ ($6,089,000K – $4,430,000K)
= 14.39
The working capital turnover ratio for Macy’s Inc has varied significantly over the past few years based on the provided data. The ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue.
From August 2019 to February 2024, Macy’s Inc has shown fluctuations in its working capital turnover ratio, ranging from a low of 10.98 to a high of 42.18. The trend seems to be generally increasing, with some fluctuations in between. A higher working capital turnover ratio signifies that the company is efficiently managing its working capital to generate sales.
Overall, based on the data provided, Macy’s Inc has shown relatively strong performance in terms of working capital turnover, especially in recent quarters. It is important for the company to maintain an optimal balance between its working capital and sales to ensure sustained operational efficiency and profitability.
Peer comparison
Feb 3, 2024