Ross Stores Inc (ROST)
Working capital turnover
| Jan 31, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | Feb 3, 2024 | Oct 31, 2023 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 21,129,220 | 21,239,440 | 21,092,940 | 20,773,590 | 20,887,640 | 19,391,220 | 19,703,320 | 19,303,440 | 18,903,660 | 18,710,680 | 18,476,550 | 18,464,060 | 18,696,690 | 18,879,670 | 18,107,370 | 17,306,080 | 15,185,820 | 12,512,410 | 12,695,330 | 12,789,940 |
| Total current assets | US$ in thousands | 7,538,700 | 7,626,290 | 7,594,980 | 7,507,360 | 7,398,140 | 7,491,940 | 7,491,940 | 7,273,750 | 7,039,630 | 6,904,720 | 6,761,190 | 6,985,070 | 7,048,000 | 7,473,180 | 7,844,910 | 7,672,850 | 7,431,530 | 6,692,490 | 6,516,570 | 5,347,360 |
| Total current liabilities | US$ in thousands | 4,661,820 | 4,843,700 | 4,874,240 | 4,885,550 | 4,185,800 | 4,405,690 | 4,405,690 | 3,969,640 | 3,781,170 | 3,636,250 | 3,464,230 | 3,644,980 | 3,756,060 | 4,214,930 | 4,476,310 | 4,336,190 | 4,318,400 | 3,967,030 | 3,941,630 | 3,153,070 |
| Working capital turnover | 7.34 | 7.63 | 7.75 | 7.92 | 6.50 | 6.28 | 6.38 | 5.84 | 5.80 | 5.72 | 5.60 | 5.53 | 5.68 | 5.79 | 5.38 | 5.19 | 4.88 | 4.59 | 4.93 | 5.83 |
January 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $21,129,220K ÷ ($7,538,700K – $4,661,820K)
= 7.34
The working capital turnover ratio for Ross Stores Inc has shown a steady increase from 5.83 on August 1, 2020, to 7.34 on January 31, 2025. This indicates that the company is able to efficiently utilize its working capital to generate sales. A higher working capital turnover ratio signifies that Ross Stores Inc is effectively managing its working capital, which consists of current assets and current liabilities.
During the period under review, there have been fluctuations in the working capital turnover ratio, possibly indicating changes in the company's operational efficiency or business environment. The ratio peaked at 7.92 on May 4, 2024, reflecting a particularly strong performance in working capital management at that time.
Overall, the increasing trend in the working capital turnover ratio over the years suggests that Ross Stores Inc has been improving its ability to convert working capital into revenue, which is a positive indicator of the company's operational efficiency and financial health.
Peer comparison
Jan 31, 2025