Oxford Industries Inc (OXM)

Working capital turnover

		Feb 28, 2025	Nov 30, 2024	Aug 31, 2024	May 31, 2024	Feb 29, 2024	Feb 3, 2024	Nov 30, 2023	Oct 28, 2023	Aug 31, 2023	Jul 29, 2023	May 31, 2023	Apr 29, 2023	Feb 28, 2023	Jan 28, 2023	Nov 30, 2022	Oct 29, 2022	Aug 31, 2022	Jul 30, 2022	May 31, 2022	Apr 30, 2022
Revenue (ttm)	US$ in thousands	1,516,601	1,530,524	1,626,928	1,533,672	1,462,118	1,478,008	1,493,898	1,587,365	1,682,588	1,644,753	1,609,518	1,502,454	1,393,634	1,374,580	1,352,926	1,392,474	1,432,022	1,368,508	1,308,663	1,203,811
Total current assets	US$ in thousands	292,782	307,103	287,196	298,363	293,115	293,115	291,379	291,379	282,380	282,380	327,704	327,704	330,463	330,463	299,495	299,495	421,248	421,248	407,912	407,912
Total current liabilities	US$ in thousands	248,275	216,587	226,924	225,585	240,644	240,644	212,512	212,512	232,561	232,561	242,046	242,046	269,639	269,639	230,395	230,395	222,640	222,640	226,417	226,417
Working capital turnover		34.08	16.91	26.99	21.07	27.87	28.17	18.94	20.13	33.77	33.01	18.79	17.54	22.91	22.60	19.58	20.15	7.21	6.89	7.21	6.63

February 28, 2025 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,516,601K ÷ ($292,782K – $248,275K)
= 34.08

The working capital turnover ratio for Oxford Industries Inc has shown fluctuations over the past few years. The ratio was consistently around 6-7 times from April 2022 to August 2023, indicating that the company was generating a turnover of its working capital between 6 to 7 times during those periods.

The ratio saw a significant increase in October 2023, reaching 20.13 times, and continued to rise to 33.77 times by August 2023. This sharp increase suggests that the company's efficiency in utilizing its working capital improved significantly during this period.

However, the ratio dropped in subsequent periods, reaching 16.91 times by November 2024. This decline could indicate potential issues with managing working capital efficiently during that timeframe.

In February 2025, the ratio surged to 34.08 times, showcasing a notable improvement in the company's ability to generate revenue from its working capital.

Overall, the working capital turnover ratio for Oxford Industries Inc has showcased variability over the analyzed period, with significant improvements in efficiency during certain periods and fluctuations in others. Management should continue to monitor and optimize the utilization of working capital to ensure sustainable financial performance.