Science Applications International Corporation Common Stock (SAIC)
Working capital turnover
| Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,569,000 | 7,556,000 | 7,570,000 | 7,617,000 | 7,585,000 | 7,434,000 | 7,423,000 | 7,428,000 | 7,310,000 | 7,239,000 | 7,159,000 | 7,087,000 | 6,966,000 | 6,879,000 | 6,691,000 | 6,521,000 | 6,379,000 | 6,031,000 | 5,578,000 | 5,099,000 |
| Total current assets | US$ in thousands | 1,131,000 | 1,388,000 | 1,384,000 | 1,675,000 | 1,197,000 | 1,247,000 | 1,270,000 | 1,291,000 | 1,263,000 | 1,383,000 | 1,343,000 | 1,440,000 | 1,289,000 | 1,401,000 | 1,413,000 | 1,525,000 | 1,430,000 | 1,424,000 | 1,342,000 | 1,317,000 |
| Total current liabilities | US$ in thousands | 1,158,000 | 1,226,000 | 1,212,000 | 1,553,000 | 1,126,000 | 1,230,000 | 1,190,000 | 1,334,000 | 1,352,000 | 1,395,000 | 1,383,000 | 1,398,000 | 1,275,000 | 1,433,000 | 1,373,000 | 1,452,000 | 1,128,000 | 1,191,000 | 1,148,000 | 1,010,000 |
| Working capital turnover | — | 46.64 | 44.01 | 62.43 | 106.83 | 437.29 | 92.79 | — | — | — | — | 168.74 | 497.57 | — | 167.28 | 89.33 | 21.12 | 25.88 | 28.75 | 16.61 |
February 2, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $7,569,000K ÷ ($1,131,000K – $1,158,000K)
= —
The working capital turnover for Science Applications International Corporation Common Stock has varied significantly over the past few quarters. The ratio measures how efficiently the company is using its working capital to generate sales revenue. A higher turnover indicates efficient utilization of working capital.
In the latest available data point, the working capital turnover is not provided. However, in the previous quarter (Nov 3, 2023), the company had a working capital turnover of 46.64, which suggests that for every dollar of working capital, the company generated $46.64 in sales revenue. This indicates a moderate level of efficiency in utilizing working capital to drive sales.
Looking at historical data, there has been fluctuation in the working capital turnover ratio. For instance, in Feb 3, 2023, the ratio spiked to 106.83, indicating a significant increase in efficiency in generating sales revenue from working capital. This could have been due to improved operational efficiency or effective management of working capital components.
On the other hand, in Apr 30, 2021, the ratio was 497.57, reflecting an exceptionally high level of efficiency in converting working capital into sales revenue. This could signal a period of strong performance or strategic management of working capital resources.
It is important for stakeholders to monitor the working capital turnover ratio over time to assess the company's ability to efficiently utilize its working capital to support revenue generation. Fluctuations in the ratio can indicate changes in the company's operational efficiency, financial management practices, or overall business performance.
Peer comparison
Feb 2, 2024