Science Applications International Corporation Common Stock (SAIC)
Working capital turnover
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,569,000 | 7,585,000 | 7,310,000 | 6,966,000 | 6,292,000 |
| Total current assets | US$ in thousands | 1,131,000 | 1,197,000 | 1,263,000 | 1,289,000 | 1,430,000 |
| Total current liabilities | US$ in thousands | 1,158,000 | 1,126,000 | 1,352,000 | 1,275,000 | 1,128,000 |
| Working capital turnover | — | 106.83 | — | 497.57 | 20.83 |
February 2, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $7,569,000K ÷ ($1,131,000K – $1,158,000K)
= —
The working capital turnover ratio measures a company's efficiency in utilizing its working capital to generate sales revenue. A higher working capital turnover ratio indicates better efficiency in managing working capital.
In the case of Science Applications International Corporation Common Stock, the working capital turnover ratio has fluctuated over the past five years. As of February 3, 2023, the ratio was 106.83, showcasing a significant improvement from the previous year's 20.83. This indicates that in 2023, the company was able to generate $106.83 in revenue for every dollar of working capital invested.
However, there is missing data for the working capital turnover ratios for the other years in the table, which limits our ability to provide a comprehensive trend analysis. It is crucial to have a complete dataset to assess the consistency of the company's efficiency in utilizing its working capital over time.
In conclusion, with the available data, we can see a notable improvement in Science Applications International Corporation's working capital turnover ratio in 2023, reflecting enhanced efficiency in managing working capital to drive sales revenue.
Peer comparison
Feb 2, 2024