Oxford Industries Inc (OXM)

Working capital turnover

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Revenue (ttm)	US$ in thousands	1,573,231	1,553,886	1,540,289	1,483,400	1,414,128	1,332,629	1,267,325	1,232,567	1,145,748	1,063,530	990,936	854,252	748,833	826,062	892,148	1,002,160	1,123,790	1,123,729	1,116,170	1,116,811
Total current assets	US$ in thousands	293,115	291,379	282,380	327,704	330,463	299,495	421,248	407,912	400,335	366,953	349,046	308,739	258,316	262,463	298,417	423,692	288,826	268,828	265,044	273,167
Total current liabilities	US$ in thousands	240,644	212,512	232,561	242,046	269,639	230,395	222,640	226,417	226,166	207,172	220,184	225,090	196,252	176,389	173,701	153,127	177,779	164,118	164,119	166,301
Working capital turnover		29.98	19.70	30.92	17.32	23.25	19.29	6.38	6.79	6.58	6.66	7.69	10.21	12.07	9.60	7.15	3.70	10.12	10.73	11.06	10.45

February 3, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,573,231K ÷ ($293,115K – $240,644K)
= 29.98

The working capital turnover ratio of Oxford Industries Inc has shown fluctuations over the past few reporting periods. The ratio measures how efficiently the company is using its working capital to generate sales revenue. A higher ratio indicates efficient utilization of working capital.

The working capital turnover for Feb 3, 2024, and Jul 29, 2023, were notably higher at 29.98 and 30.92, respectively, suggesting a more effective management of working capital in generating sales during those periods. In contrast, the ratios for Apr 30, 2022, and Jul 30, 2022, were much lower at 6.79 and 6.38, indicating a less efficient use of working capital in generating revenue during those periods.

Overall, there seems to be a varying trend in the working capital turnover ratio for Oxford Industries Inc, with some periods demonstrating better efficiency in utilizing working capital compared to others. It would be important to further analyze the drivers behind these fluctuations to understand the company's working capital management performance more comprehensively.