Victoria's Secret & Co (VSCO)
Working capital turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,228,500 | 6,179,000 | 6,914,450 | 6,762,540 | 6,642,540 | 6,013,410 | 5,333,960 | 5,476,250 | 5,622,250 | 6,216,380 | 6,815,380 | 6,726,000 | 6,644,000 | 6,144,000 | 5,650,000 | 5,816,000 | 6,688,430 | 7,343,430 | 7,276,560 | 7,221,560 |
| Total current assets | US$ in thousands | 161,000 | 1,786,000 | 1,488,000 | 1,393,000 | 1,533,000 | 1,533,000 | 1,636,000 | 1,636,000 | 1,478,000 | 1,478,000 | 1,435,000 | 1,435,000 | 1,737,000 | 1,737,000 | 1,709,000 | 1,709,000 | 1,552,000 | 1,552,000 | 1,514,000 | 1,691,000 |
| Total current liabilities | US$ in thousands | 1,375,000 | 1,526,000 | 1,494,000 | 1,435,000 | 1,614,000 | 1,614,000 | 1,368,000 | 1,368,000 | 1,407,000 | 1,407,000 | 1,369,000 | 1,369,000 | 1,579,000 | 1,579,000 | 1,332,000 | 1,332,000 | 1,445,000 | 1,445,000 | 1,451,000 | 1,698,000 |
| Working capital turnover | — | 23.77 | — | — | — | — | 19.90 | 20.43 | 79.19 | 87.55 | 103.26 | 101.91 | 42.05 | 38.89 | 14.99 | 15.43 | 62.51 | 68.63 | 115.50 | — |
January 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $6,228,500K ÷ ($161,000K – $1,375,000K)
= —
The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales. A higher turnover ratio indicates that the company is effectively managing its working capital.
Based on the provided data for Victoria's Secret & Co, the working capital turnover ratio fluctuates over the periods shown. In April 2022, the ratio stood at a high of 115.50, indicating that the company generated significant sales relative to its working capital during that period. However, this high was followed by a gradual decline in the ratio over the subsequent quarters, reaching a low of 14.99 in October 2022.
The ratio saw some improvement in January and April 2023, reaching 42.05 and 103.26, respectively, before declining again in the following quarters. By October 2023, the ratio had dropped to 19.90. Notably, there are missing data points in January and February 2024, with no turnover ratio reported for those periods.
Overall, the fluctuations in the working capital turnover ratio for Victoria's Secret & Co suggest varying levels of efficiency in utilizing its working capital to generate sales. Further analysis and comparison with industry benchmarks could provide deeper insights into the company's working capital management practices and performance.
Peer comparison
Jan 31, 2025