Vail Resorts Inc (MTN)
Working capital turnover
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,885,191 | 2,889,573 | 2,844,723 | 2,868,483 | 2,889,365 | 2,886,733 | 2,824,963 | 2,629,778 | 2,525,907 | 2,462,973 | 2,175,391 | 1,953,500 | 1,909,710 | 1,782,717 | 1,587,726 | 1,827,720 | 1,963,704 | 2,130,501 | 2,394,401 | 2,319,341 |
| Total current assets | US$ in thousands | 911,361 | 1,231,200 | 1,178,800 | 1,134,500 | 1,208,110 | 1,482,430 | 1,760,130 | 1,621,670 | 1,791,530 | 1,845,400 | 1,767,430 | 1,777,850 | 1,745,590 | 1,684,820 | 1,573,450 | 841,615 | 665,088 | 750,878 | 413,802 | 428,334 |
| Total current liabilities | US$ in thousands | 1,113,310 | 1,040,680 | 1,228,770 | 1,362,850 | 1,130,700 | 986,361 | 1,287,940 | 1,342,700 | 1,110,850 | 829,872 | 1,155,040 | 1,267,820 | 978,401 | 717,062 | 982,452 | 950,230 | 603,465 | 555,394 | 918,378 | 971,500 |
| Working capital turnover | — | 15.17 | — | — | 37.33 | 5.82 | 5.98 | 9.43 | 3.71 | 2.43 | 3.55 | 3.83 | 2.49 | 1.84 | 2.69 | — | 31.87 | 10.90 | — | — |
July 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,885,191K ÷ ($911,361K – $1,113,310K)
= —
The working capital turnover for Vail Resorts Inc has exhibited some fluctuations over the past few quarters. While the ratio was not available for some periods, we can see a general upward trend from early 2020 through mid-2023, peaking at 37.33 in July 2023. This suggests that the company was efficient in utilizing its working capital to generate revenue during that period.
However, there was a significant drop in the ratio in April 2024 to 5.82, indicating a decrease in the efficiency of working capital utilization. It's important to note that a higher working capital turnover ratio is generally preferred as it indicates that the company is generating more revenue per dollar of working capital.
Further analysis would be beneficial to understand the reasons behind the fluctuations in the working capital turnover ratio and to assess the overall effectiveness and efficiency of Vail Resorts Inc in managing its working capital.
Peer comparison
Jul 31, 2024