MSC Industrial Direct Company Inc (MSM)
Working capital turnover
| Aug 31, 2024 | Jun 1, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Sep 3, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,808,258 | 3,869,118 | 3,944,228 | 3,971,507 | 3,973,553 | 3,986,703 | 3,886,545 | 3,789,774 | 3,683,892 | 3,484,972 | 3,393,268 | 3,304,778 | 3,228,315 | 3,148,997 | 3,115,920 | 3,128,104 | 3,180,142 | 3,275,080 | 3,312,105 | 3,352,510 |
| Total current assets | US$ in thousands | 1,188,090 | 1,212,850 | 1,264,910 | 1,270,970 | 1,317,510 | 1,316,220 | 1,314,770 | 1,558,570 | 1,543,620 | 1,467,560 | 1,416,810 | 1,348,410 | 1,314,240 | 1,307,670 | 1,185,350 | 1,148,320 | 1,237,770 | 1,555,950 | 1,212,550 | 1,170,820 |
| Total current liabilities | US$ in thousands | 605,427 | 583,512 | 630,430 | 627,858 | 649,436 | 683,475 | 645,281 | 726,761 | 725,944 | 619,806 | 597,171 | 586,275 | 561,928 | 768,816 | 553,214 | 513,989 | 408,733 | 592,011 | 694,558 | 403,828 |
| Working capital turnover | 6.54 | 6.15 | 6.22 | 6.18 | 5.95 | 6.30 | 5.81 | 4.56 | 4.51 | 4.11 | 4.14 | 4.34 | 4.29 | 5.84 | 4.93 | 4.93 | 3.84 | 3.40 | 6.39 | 4.37 |
August 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,808,258K ÷ ($1,188,090K – $605,427K)
= 6.54
Working capital turnover for MSC Industrial Direct Company Inc has shown fluctuations over the past few years. The ratio ranged from 3.40 to 6.54 during the period analyzed. The highest working capital turnover of 6.54 was observed on Aug 31, 2024, indicating that the company generated $6.54 in sales for every dollar invested in working capital. This suggests efficient utilization of resources to generate revenue. However, there were also periods, such as Sep 3, 2022, where the ratio was lower at 4.51, indicating lower sales generated per dollar of working capital invested. Overall, the trend in working capital turnover for the company appears to be fluctuating, reflecting variations in the efficiency of working capital management over the period.
Peer comparison
Aug 31, 2024