Oxford Industries Inc (OXM)

Working capital turnover

		Feb 28, 2025	Feb 29, 2024	Feb 3, 2024	Feb 28, 2023	Jan 28, 2023
Revenue	US$ in thousands	1,516,600	1,571,480	1,573,230	1,411,530	1,414,130
Total current assets	US$ in thousands	292,782	293,115	293,115	330,463	330,463
Total current liabilities	US$ in thousands	248,275	240,644	240,644	269,639	269,639
Working capital turnover		34.08	29.95	29.98	23.21	23.25

February 28, 2025 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,516,600K ÷ ($292,782K – $248,275K)
= 34.08

The working capital turnover of Oxford Industries Inc has shown a positive trend over the past few years, indicating efficient management of its working capital. The ratio increased from 23.25 in January 28, 2023, to 34.08 in February 28, 2025. This suggests that the company is generating significant revenue relative to its investment in working capital.

A higher working capital turnover ratio signifies that Oxford Industries Inc is able to generate sales more efficiently using its working capital. This can be attributed to effective inventory management, efficient collection of receivables, and optimal management of payables.

Overall, the increasing trend in the working capital turnover ratio reflects positively on Oxford Industries Inc's operational efficiency and ability to leverage its working capital effectively to drive revenue growth and profitability.