Ollie's Bargain Outlet Hldg (OLLI)
Working capital turnover
Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
---|---|---|---|---|---|---|
Revenue | US$ in thousands | 2,271,700 | 2,102,700 | 2,102,660 | 1,827,010 | 1,827,080 |
Total current assets | US$ in thousands | 993,791 | 871,428 | 871,428 | 754,296 | 754,296 |
Total current liabilities | US$ in thousands | 304,341 | 315,551 | 315,551 | 259,285 | 259,285 |
Working capital turnover | 3.29 | 3.78 | 3.78 | 3.69 | 3.69 |
January 31, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,271,700K ÷ ($993,791K – $304,341K)
= 3.29
The working capital turnover for Ollie's Bargain Outlet Hldg has been consistent over the last few years, with a slight improvement in the most recent period. The turnover ratio was 3.69 for January 28, 2023, and this figure remained the same for January 31, 2023. It then increased to 3.78 for both January 31, 2024, and February 3, 2024. However, there was a decrease to 3.29 for January 31, 2025.
Overall, the working capital turnover indicates how efficiently the company is utilizing its working capital to generate sales revenue. A higher turnover ratio suggests that Ollie's Bargain Outlet Hldg is efficiently managing its working capital to support its operations and sales activities. In contrast, a lower turnover ratio, such as the one seen in the latest period, may indicate potential inefficiencies in the management of working capital resources. Further analysis of the company's working capital management practices and strategies would be warranted to understand the reasons behind the fluctuation in the working capital turnover ratio.
Peer comparison
Jan 31, 2025